Ferretti Group, the Italy-based holding behind brands such as Riva, Pershing and of course Ferretti itself, has indicated it made €14,1 million in net profit in 2016 making it the first year since the financial crisis of 2008 where the group posted a profit.
Ferretti was established in 1968 as the first marine division of Alessandro and Norberto Ferretti's family business. In 1971, the company delivered its first wooden motor-sailer and by 1982 it began producing boats for sport fishing with a flybridge.
By 1996, Ferretti Group decided to expand into a larger range and set up Custom Line, a division meant to operate in the growing 26-40m range. In following years, the group multiplied acquisitions buying CNA in 1998, CRN in 1999, Riva in 2000, Mochi Craft in 2001 and Itama in 2004.
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales.
In 2009, the company defaulted on its €1,2 billion debt and its creditors, led by the Royal Bank of Scotland, wrote down €560 million of the debt in exchange for 53% in equity from Candover Investments.
In January 2012, 75% of the group was sold to Chinese conglomerate, Weichai in exchange for a €178 million equity investment, a €100 million capital increase and an €80 million revolving credit facility. The deal also saw the Group's debt be reduced to just €116 million, down from €580 million. The remaining 25% were split amongst the Royal Bank of Scotland and Strategic Value Parters in return for a €25 million equity investment.
After going through a series of rough patches, Weichai appointed Alberto Galassi, an international law attorney who had previously run Piaggio Aerospace, to the position of CEO in 2014. In 2015, Galassi, who is interestingly also on the board of directors of the Manchester City FC, predicted a return to profitability by 2017. In 2016, Piero Ferrari, son of Enzo Ferrari, invested into Ferretti Group, acquiring a 13,2% stake in the group and joining its board of directors.
After posting a positive EBITDA of €7 million in 2015 along with a net loss of €29 million, Ferretti Group has bounced back to profitability in 2016 with an EBITDA of €52,7 million and a net profit of €14,1 million, the first it posted since 2008. In the first quarter of 2017, the company has posted a net profit of €4 million already. This year, Ferretti Group is planning to invest €25 million in R&D and €21,4 million to grow production capacity.
Alberto Galassi, CEO of Ferretti Group, commented: " In a three year period Ferretti Group proved to be a company able to achieve a real turn around, obtaining great commercial success, which led to well above expected financial results. The new models have become the most important drivers of growth thanks to their design, quality and high standards of innovation."
Paris Hilton and her family recently completed a Mediterranean holiday aboard the 24.4-meter Sunreef 80 Eco Nalani, a solar-electric catamaran that combines luxury with environmental consciousness. The black-hulled vessel served as the family's floating residence during their Sardinian getaway, accommodating Hilton, husband Carter Reum, and their two children.The Nalani features 340 square meters of living space across four staterooms and a children's bunk room. Its design emphasizes indoor-outdoor living, with a master suite featuring a private balcony and common areas that flow seamlessly between interior and exterior spaces. The yacht's integrated solar panels and hybrid propulsion system align with Hilton's public advocacy for sustainable luxury.During their charter, the family utilized the yacht's numerous amenities including a flybridge hot tub, open-air cinema, and various water toys. Hilton shared glimpses of their experience on social media, highlighting quiet family moments and Mediterranean sunsets.Sunreef's 80 Eco series represents the Polish builder's commitment to environmentally conscious yachting, combining conventional propulsion with renewable energy systems for limited silent operation. The model has gained popularity among charter clients seeking sustainable luxury options.The catamaran's layout prioritizes outdoor living with multiple lounge areas, including a forward terrace and aft beach club configuration. Its crew quarters accommodate four staff members to ensure full service during charters.Industry observers note growing interest in eco-friendly yachting solutions among high-profile clients, with solar-assisted systems becoming increasingly common in new builds. The Nalani remains available for Mediterranean charters through the current season.Sunreef continues production of its eco-focused catamaran line at its Gdansk facility, offering models from 15 to 30 meters in length. The company reports steady demand for vessels combining luxury amenities with reduced environmental impact.Sunreef Yachts was founded by Francis Lapp in 2002 in Gdansk, Poland. Since then, the shipyard has been designing and manufacturing luxury sailing and power multihulls. Credits: courtesy by Paris Hilton; Sunreef Yachts
August 8, 2025
Nautor Swan will present two new sailing yachts at Europe's premier marine events this autumn. The Swan 51 performance cruiser will make its world premiere at the Cannes Yachting Festival (9-14 September), while the flagship Swan 128 will debut at the Monaco Yacht Show.Swan 128The 15.5-meter Swan 51 enters the competitive 50-foot segment as the smallest model in Swan's performance cruiser line. Developed from experience gained with over 70 yachts between 14.6 and 16.8 meters built since 2019, the design features a mast positioned closer to the keel for improved balance. The model succeeds the original 1981 Swan 51, the first Swan collaboration with designer German Frers.Giovanni Pomati, Nautor Swan CEO, stated: "From the high-performance elegance of the Swan 51 to the refined design of the Swan 128, we offer our global sailing community to experience the authentic spirit of sailing."Alongside the Swan 51, Cannes attendees will see the ClubSwan 43 and Swan 88 models. The 39-meter Swan 128 will represent the Finnish builder's largest offering at Monaco.Swan 51From 19-21 September, Nautor Swan will host an exclusive viewing event at Porto Carlo Riva in Rapallo, Italy, providing private access to its current model range.The autumn presentations mark Nautor Swan's continued expansion across multiple sailing yacht segments, from performance cruisers to maxi yachts. Both new models will be available for viewing by appointment following their official debuts.Nautor Swan was founded in 1966 in Pietarsaari, Finland. The builder entered the superyacht market in 1999. Since then, the yard has continued building high-performance sailing yachts in three different lines; ClubSwan, Swan Yachts and Maxi Swan Yachts. Credits: Nautor Swan
August 7, 2025
Riva has launched its new 54-meter flagship, the largest yacht ever built by the Italian shipyard, at its Superyacht Division facility in Ancona. The all-aluminum vessel represents the brand's expansion into the megayacht segment while maintaining Riva's signature styling.Developed through collaboration between Officina Italiana Design, Ferretti Group's Engineering Department, and the Strategic Product Committee led by Piero Ferrari, the 54METRI features a gross tonnage below 500 GT. The exterior design combines Moon Grey, London Grey, and Bright Black finishes with polished steel details and the brand's characteristic aquamarine waterline.Ferretti Group CEO Alberto Galassi stated: "Now every yachting enthusiast and Riva fan has a new boat to dream about. A paragon of beauty and elegance, Riva 54METRI showcases the unstoppable momentum of the world's most famous shipyard in its pursuit of innovation."The four-deck layout accommodates 10 guests across four cabins and a main-deck master suite, with crew quarters for 11 personnel. Notable features include a 5-meter stern pool with fold-out terraces, concealed bow tender storage, and extensive use of premium materials including Sahara Noir and Bianco Rhino marble.Technical specifications include four electric stabilizer fins, dual radar systems, 5G and Starlink connectivity, and a bridge outfitted with multiple touchscreen displays. The design emphasizes acoustic insulation and crew circulation routes to maintain guest privacy.Sea Pros Yachts founder Alain Maaraoui facilitated the build for the Kuwait-based owner. The launch marks Riva's continued expansion of its superyacht offerings while preserving design elements from its smaller production models. The 54METRI will now undergo final outfitting before delivery.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
August 7, 2025
The 45.6-meter converted trawler Scintilla Maris has concluded a rigorous 10-month shakedown cruise covering 11,000 nautical miles across the North Atlantic. Owner Erik Vonk and his wife departed the Netherlands in April 2024, undertaking an improvised route through Scotland's Outer Hebrides, Faroe Islands, Iceland, Greenland, and North America before returning to the shipyard.The expedition tested the Vripack-designed yacht's performance in challenging conditions, including 6-meter swells. Vonk reported the vessel maintained operational comfort throughout, particularly noting the effectiveness of the heat recovery system during Arctic transits where exterior temperatures plummeted. The open bridge configuration allowed guests to participate in navigation during the 700-nautical-mile crossing to Newfoundland.The cruise included extended stops at remote locations, with the yacht often being the only visiting vessel in areas like Scotland's Rum Island and the Faroe Islands. Local communities frequently greeted the crew, with Vonk recalling particularly hospitable receptions in Icelandic fishing villages where stays were repeatedly extended.Following successful completion of the transatlantic voyage, Scintilla Maris returned to the Netherlands to prepare for its first commercial charter season in Iceland. The yacht's conversion from industrial trawler to expedition vessel took 15 years, with Vonk emphasizing its dual capability for remote exploration and luxury accommodation."I spent 15 years perfecting a boat that takes you places where few other people go," Vonk stated. "Scintilla Maris combines battleship strength with the comfort and luxury of a boutique hotel." The shakedown cruise confirmed the vessel's ability to access isolated destinations while maintaining premium onboard facilities, including a country-style galley and skylit interior spaces.Credits: Vripack
August 7, 2025
Azimut has launched the first unit of the Grande 30M at its Viareggio shipyard. The new model is part of the shipyard’s Grande Series and will make its official debut at the 2025 Cannes Yachting Festival.The yacht’s exterior design is by Alberto Mancini, while the interiors have been created by the architecture studio m2atelier. This is the first collaboration between the two design teams. According to Azimut, the interior layout follows a design approach referred to as "Barefoot Luxury", developed by m2atelier for this model.The Grande 30M is also the first yacht to be fitted with the new mtu propulsion system from Rolls-Royce. It includes mtu engines and POD drives, a combination that reportedly provides 15% greater efficiency compared to conventional shaft line systems, with reductions in fuel consumption and CO₂ emissions.Azimut, founded in 1969 by Paolo Vitelli and part of the Azimut|Benetti Group, builds motor yachts from 42 to 144 feet across seven series. The company maintains production facilities in five Italian locations and one in Brazil, and has a global network of sales and service centres.Credits: Azimut
August 6, 2025