Benetti celebrated its 150th year anniversary. To celebrate this extraordinary milestone, on June the 16th in Viareggio, where the shipyard's history began, Paolo Vitelli, founder of the Azimut|Benetti Group, his daughter Giovanna Vitelli, Chair, and CEO Marco Valle, together with company employees welcomed the local authorities to witness the deep bond with the territory.
Then, on June the 17th, the protagonists of the event were the ship-owners, who were invited to attend an evening at the Livorno Shipyard, which, thanks to its 250,000 sqm area, today represents the largest shipyard in the Mediterranean. Inside one of the warehouses, next to a yacht under construction, Belgian architect and set designer Charles Kaisin recalled the history of Benetti in an extraordinarily creative way and, with more than 50 waiters/actors, entertained the guests with touches of brilliance: dishes served under cloches in the shape of ancient vessels, 'sound' shells from which to hear sounds and voices of a yacht under construction, a 'flying' pianist and soprano, and hundreds of swaying lights.
Outside, the marina hosted some of Benetti’s most iconic yachts, creating a luminous landscape setting: the Odissey III, a 33-metre yacht from the Mediterraneo series, dated 1967; Stella Fiera, the first unit of the Classic 115' series; El Caran that once belonged to David Bowie, and the very latest of the B.Now and Oasis Deck™ series.
Finally, on Sunday June the18th, the Livorno shipyard welcomed employees, their families, and suppliers, offering fun activities, such as visits to the lighthouse and the fleet of boats, sporting activities, such as sailing trials organized by the Antignano Sailing Club, and cultural activities, such as visits to the shipyard museum and the 'Scenari di Cantiere' (Shipyard Scenarios), a show held by the city's Goldoni Theatre.
Throughout its history, the shipyard has achieved numerous remarkable milestones, and we will highlight a few notable ones. One such milestone is the launch of the 'Brigantino San Giorgio' in 1921. In the 1960s, under the guidance of Lorenzo Benetti, the shipyard revolutionized the yachting world by transitioning from wood to steel construction. This marked the birth of the modern megayacht concept, with iconic series such as Delfino, Gabbiano, and Mediterraneo. These yachts evoked the allure of the aristocracy and the international jet set during the era of 'la dolce vita'. Renowned figures like Rainier of Monaco and David Bowie, who enjoyed their holidays on their respective Benetti yachts, became part of the shipyard's legacy. The Beatles were frequent guests of their manager's Delfino Benetti.
El Caran, 1977
As Benetti's reputation continued to soar, Adnan Kashoggi commissioned the most famous yacht of all time, initially named Nabila and later renamed Trump Princess by Donald Trump. The yacht's extraordinary design and luxurious interiors sparked curiosity and excitement. The Nabila became an iconic vessel, immortalized in James Bond's film 'Never Say Never'. The band Queen even paid homage to the yacht in their song "Kashoggi's Boat". However, the success of the Nabila ultimately led to a change in ownership.
David Bowie onboard the El Caran (1977)
In 1985, F.lli Benetti was acquired by Paolo Vitelli, the young owner of Azimut yard. Under the new name, Cantiere Benetti, Vitelli implemented a financial restructuring plan to restore the brand's former splendor. His visionary decision to incorporate composite materials in the new Classic 115' line of 1988 resulted in the sale of a hundred units within just 10 years, setting an absolute record in the nautical world. Vitelli's pioneering approach extended to building the world's first diesel-electric yacht, the Ambrosia, in 2006, anticipating the future of conscious industrial development. He also established an in-house R&D center dedicated to reducing fuel consumption and increasing the use of sustainable materials.
Luminosity
One of Benetti's recent groundbreaking creations is the Luminosity, launched in 2020. With its impressive length of 107 meters, it stands as the largest giga yacht featuring a hybrid propulsion engine. In 2022, the B.Yond 37-meter yacht earned the title of the greenest yacht in its class, thanks to its innovative hybrid propulsion system. During the same year, the shipyard revolutionized the concept of on-board lifestyle with the introduction of the Oasis Deck™ series. Notably, the side-wing sterns that open flush to the water set a new trend in the industry, enhancing the overall yachting experience.
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
Greenline Yachts has taken a significant step in the marine industry by conducting its first full cryptocurrency transaction for the sale of a Greenline 45 Coupe. The deal, finalized at boot Düsseldorf 2025, utilized Bitcoin as the sole payment method, marking a notable advancement for the company.Greenline owner Vladimir Zinchenko noted that while the company had permitted partial cryptocurrency payments since 2018, this transaction represents the first complete cryptocurrency purchase handled by the yard. The process went smoothly, influenced positively by BitPay, a company specialized in cryptocurrency payment processing, which converted the Bitcoin into euros seamlessly.The buyer, introduced by Yacht Partners International in Greece, opted for an expedited build slot, ensuring the yacht would be ready for delivery in June. This accelerated schedule allows the owner to begin enjoying the vessel during the Mediterranean summer.This transaction highlights the growing acceptance of cryptocurrencies in high-value markets, as the buyer likely profited from the significant appreciation of Bitcoin since its original purchase. The buyer chose the Coupe version of the yacht, known for its emphasis on solar energy, with a solar array capable of generating substantial power for autonomous operation.Additionally, the yacht incorporates an office space instead of a traditional third cabin, leveraging solar power to facilitate connectivity and productivity while offshore. This choice reflects the buyer's preference for a tech-enabled, eco-friendly yachting experience.Greenline's move to accept cryptocurrency payments underscores the company's ongoing effort to integrate innovative technologies into its products and processes, further enhancing the ownership experience.Credits: Greenline Yachts
March 6, 2025
Maxim Yachts returns to the U.S. market, announcing its participation in the Palm Beach Boat Show from March 19-23, where it will showcase its latest project, the Max 44 R. This day cruiser, designed by Alex Cherigny, is equipped with three Mercury Verado outboard engines, generating a total of 1,200 horsepower, enabling it to achieve speeds exceeding 50 knots.Developed collaboratively with Alex Cherigny for design and Isonaval studio for engineering, the Max 44 R will make its world debut at the Miami Boat Show prior to its appearance in Palm Beach. Boasting a 44-foot design, the model is poised to attract attention among the anticipated 55,000 visitors at the event.Additionally, Maxim Yachts has appointed David Frazer as its representative in Florida, capitalizing on his extensive experience in the yachting industry and his tenure at Blue Oceans Yachting. Frazer will play a critical role in fortifying the brand's presence in the region and delivering personalized service to clients.This marks yet another step in Maxim Yachts' strategic expansion into the U.S. market, building on its growing recognition for innovative designs and high-performance crafts.Credits: Maxim Yachts
March 6, 2025
Azimut Yachts has appointed YL Yachtlounge as its exclusive dealer for the Austrian market, under the banner of Azimut Yachts Austria. This strategic partnership aims to strengthen the brand's presence and unlock new opportunities in the Austrian market, a pivotal region for high-end yachting along the coastlines of the Upper Adriatic.Based in Salzburg, YL Yachtlounge brings over 30 years of experience in international yacht sales and brokerage, specializing in customer care and service excellence. The company's track record includes collaborations with prominent shipyards and its involvement in the successful sale of the Benetti Diamond 44M M/Y Papa Joe. This achievement has cemented YL Yachtlounge's relationship with the Azimut|Benetti Group, allowing it to expand its representation to include Azimut yachts.Enrico Chiaussa, Chief Commercial Officer of Azimut Yachts EMEA-APAC, highlighted the immediate success of the partnership, noting the signing of the first sales contract shortly after the collaboration began. This indicates Azimut's growth potential in Austria and validates the effectiveness of the partnership moving forward.Austria holds significant importance for Azimut due to its affluent demographics and passionate interest in yachting, bolstered by its proximity to renowned coastal destinations in Italy and Croatia. The new dealership enables Azimut to establish a sustained local presence, cultivating lasting relationships with owners and providing consistent support beyond the peak nautical season.Günter Kapolnek, CEO of YL Yachtlounge, expressed pride in representing Azimut and outlined the company's commitment to delivering personalized and professional service throughout the ownership lifecycle. This partnership underscores Azimut's dedication to innovation and international growth, ensuring Austrian owners receive an exclusive and bespoke experience.Credits: Azimut Yachts
March 6, 2025
Northrop & Johnson announced the sale of the 97-foot (29-meter) Hargrave Raised Pilothouse Motor Yacht "Inevitable". Represented by Yacht Broker Elizabeth Swain, the buyer secured the vessel for an undisclosed price. Last listed at $1.75 million, the yacht underwent extensive refits in 2012 and 2023, showcasing a modernized four-stateroom, six-head layout with dedicated crew accommodations.Constructed in 2003, "Inevitable" boasts numerous amenities, including an aft deck with teak decking, a custom-built teak hi-low dining table, and ample storage. Walk-around decks offer convenient access to the bow, adorned with large custom sunpads and an upholstered seating area. Upon entering the salon, guests are greeted by a warm cherry wood interior accentuated with nautical blue and white tones, featuring generous sofa seating and a formal dining table for eight.The full-beam master suite exudes comfort with his-and-hers ensuite bathrooms, a shared central shower, and dual walk-in closets. Additionally, a built-in upholstered sofa adds to the inviting ambiance, while a private washer/dryer in the foyer ensures maximum convenience. Other accommodations include two VIP suites, each with a queen berth and ensuite, and a versatile twin stateroom with Pullman berths, accommodating up to three guests.Powered by twin 1,400hp Caterpillar 3412E diesel engines, "Inevitable" cruises at 12 knots with a maximum speed of 20 knots. The yacht is equipped with two Onan generators (27kW and 35kW) and two 100 AMP shore power receptacles on automatic reels for seamless operations. The raised pilothouse, accessible via a starboard staircase aft of the galley, features a Stidd electric helm chair and a comprehensive suite of navigation electronics, including Simrad, Furuno radars, Northstar 941XD, and VHF systems.The flybridge, accessible from both the pilothouse and aft deck, includes a hardtop-covered helm with three helm seats, two large U-shaped seating areas with teak tables, and a fully equipped wet bar with a grill, refrigerator, and sink. Aft, the flybridge houses a davit lift with a 2,000-pound capacity and removable chocks for tenders or water toys.Credit: Northrop & Johnson
March 4, 2025
Grand Banks Yachts Limited introduces its newest model, the Grand Banks 62, at the upcoming Palm Beach International Boat Show in Florida from March 19-23, 2025. Under the leadership of Mark Richards, the company continues to push boundaries in luxury long-range cruising."This new Grand Banks 62 represents a new era in long-range cruising," said Richards. "It sets a benchmark for performance, efficiency, and comfort."The Grand Banks 62 boasts several notable advancements, starting with its sleek design and powerful performance. During initial sea trials, the yacht achieved a top speed of 30 knots and a high cruise speed of 27 knots. At a cruising speed of 20 knots, the total burn rate is 38 gallons per hour, demonstrating remarkable efficiency for its class. Its range of 2,000 nautical miles at 10 knots with a 10-percent reserve ensures reliability and versatility for extended voyages.Key features of the Grand Banks 62 include Twin Volvo D13 engines rated at 900 horsepower each, with optional upgrades available, incorporation of V-Warp Technology, which reduces fuel consumption by up to 70 percent compared to competitors. Enlarged starboard guest stateroom with an athwartships double bed, a utility area with a washer/dryer, and an en suite head. The amidships master stateroom provides ample natural light and ventilation, while the forward VIP stateroom features a queen berth and a dedicated head.Multiple interior accommodations plans can be tailored to owner preferences, ensuring personalization and comfort."The Palm Beach International Boat Show is the perfect venue to debut the Grand Banks 62," said Richards. "We invite all owners, media, and enthusiasts to visit our display at Ramp 8, Slip 224 to experience this groundbreaking yacht firsthand."With decades of experience and a relentless focus on innovation, Grand Banks Yachts continues to redefine luxury yachting with the introduction of the Grand Banks 62.Credits: Grand Banks Yachts
March 4, 2025