Ferretti Group has released its first sustainability report on corporate operations. The document formally testifies to the Group’s introduction of a virtuous pathway to minimise the environmental impact of its production processes and yachts, promoting better and wider ranging corporate social-responsibility measures.
A materiality analysis has identified the topics with the greatest impact on business activities and the indicators to evaluate them, grouping them in four areas that will be examined each year in ever greater detail and used to measure the environmental and social performance of Ferretti Group:
– Innovation and luxury: yachts
– Environmental impact of the production process
– Value for the local area
– Human capital
For Ferretti Group, sustainability starts with the quality and excellence that characterise the yachts it builds. Which is why research and development focus on the use of high-performance, sustainable materials and reducing energy consumption. The wood used in interior design is sourced from certified forests managed according to strict environmental, social and economic standards. The use of carbon fibre significantly reduces hull weight, resulting in yachts that are more efficient and consume less fuel.
The research into hybrid engines and new technologies that reduce hull weight, as well as into improving the efficiency of shipyard activities is an important part of Group activity. In this sense, the ISO 14001 certification of the environmental management systems in place at the La Spezia site is the starting point for integrated management of the environmental impact of all production processes, as is the IMO Tier III certification obtained by CRN, the first shipyard in Italy to achieve this milestone, for a 62m megayacht. Also worthy of mention is the installation of the Ancona trigeneration plant to produce clean electric power, heating and cooling.
Fundamental aspects are in the social sphere and include the impact on the local area, the entire supply chain and the central importance of human capital. Over 85% of Ferretti Group’s supply chain, which employs a total of more than 2,500 workers, is based in Italy and over 75% of the total economic value generated is distributed in the country. This contributes to job creation and the growth of the ecosystem of small and medium enterprises, including craft businesses, with which the Group has for years had a history of virtuous collaboration. This collaboration allows Group suppliers to develop specific processes and know-how and operate on global markets, generating development and innovation.
As a result of all the measures that have been introduced, including the complete sanitisation of the production process right through to delivery, Ferretti Group has obtained RINA Biosafety Trust Certification, the first voluntary certification to prevent and control COVID infections, protecting over 1,500 workers, as well as customers. Finally, the Group has taken out an insurance policy covering all employees and providing protection in the event they test positive for the virus. This policy, which has been renewed for 2021, will be completed by another initiative to distribute 1,500 pulse oximeters to employees.
“If we want to continue to grow steadily as a market leader, it is essential to address the economic, environmental and social impacts produced by our activities on the local areas where we operate. Successful sales efforts must go hand in hand with corporate responsibility,” commented Ferretti Group CEO Alberto Galassi. “In recent years, Ferretti Group has reported rapid growth and development, bringing beauty and innovation to the marine industry. We work with many different stakeholders and their sustainability needs and expectations are important in defining the measures we introduce from day to day to manage and mitigate the impact of our growth strategies. For this reason, and to testify to our corporate responsibility, we have decided to embark on a formal process that has led to the preparation of our first Sustainability Report. A first for Ferretti Group and a first for the Italian marine industry.”
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
The 30.2-meter Royal Huisman sailing yacht Foftein has been listed for sale with Manfred Haas of Haas International at an asking price of €8,500,000 with VAT paid.Built in aluminium and delivered in 1999, Foftein was designed by German Frers as a cutter-rigged yacht intended for bluewater cruising. She has had only two owners since new, the first being a yachtsman and marine photographer. The yacht underwent a significant refit in 2020 by Huisfit, Royal Huisman’s refit division, which included the installation of hybrid propulsion and updated systems.The refit allows Foftein to cruise silently for up to eight hours, regenerate power under sail, and meet advanced environmental standards. Her propulsion is provided by Volvo Penta 550hp engines, complemented by lithium-ion energy storage.The interior, designed by Pieter Beeldsnijder, features cherry wood panelling and accommodates six guests in a master suite and two twin cabins, all with en suite bathrooms. Crew quarters provide space for four in two cabins.On deck, Foftein has two cockpits: a centre cockpit leading to the deckhouse, and a private aft cockpit connected directly to the master suite. Her sailing capabilities are supported by a modern fast hull, aluminium mast and spars, and semi-automated sail handling systems.Currently cruising in the English Channel, Foftein is presented in what the broker describes as “exceptional, turn-key” condition.Credits: Yacht Harbour Archive
August 14, 2025
Global Services Ltd, a UK-based supplier of marine equipment and services to the superyacht, commercial shipping, and cruise ship industries, has appointed Ian Cooke as Chairman to oversee its next stage of development.The company operates from offices in the UK, the Netherlands, and Palma, working with vessel crews and management to source and deliver a wide range of operational equipment, including tools, spare parts, consumables, and technical items. It also provides ancillary services such as storage solutions, mobile phone plans, inventory management, and logistical support.Cooke, who has more than 30 years of experience in the marine industry across yacht and commercial sectors, will focus on expanding Global Services’ market presence, strengthening partnerships, and advancing its digital transformation and sustainability plans.“Ian has a deep understanding of the marine industry and a clear strategy to guide Global Services into its next chapter,” said Doug Grover, Director of Operations. “We are confident in his ability to build on our strong foundation and accelerate our global impact.”Commenting on his appointment, Cooke said: “The company’s global reach, talented team and strong commitment to client success present an incredible platform for continued innovation and growth. I look forward to working closely with the Board, leadership team, employees, suppliers and clients around the world to shape the future of Global Services.”In addition to his new position, Cooke will continue in his roles at marine equipment distributor C-Quip Ltd and Crewsafe Marine Ltd, along with their associated brands.Credit: Global Services
August 14, 2025
The Sunreef 80 sailing catamaran Ahava has been introduced as a yacht combining retro-inspired interiors with features designed for extended cruising comfort.The main salon is finished in neutral tones with walnut accents and large windows. The space includes a lounge area and a dining section, while a galley-down layout separates food preparation from guest areas. Accommodation comprises a master suite with sea views and two forward guest cabins, with additional crew quarters for four.Outdoor spaces include an aft cockpit for dining and the Ocean Lounge, which features a hydraulic platform providing access to the water and storage for water sports equipment. The flybridge is equipped with sunpads and a bar, intended for use both during the day and in the evening.The Ahava is part of Sunreef’s 80-foot sailing catamaran range, designed to offer a balance of private indoor living areas and open-air social spaces for owners and guests.Credits: Sunreef
August 14, 2025
Northrop & Johnson has facilitated the sale of the 54-meter Benetti motor yacht Starfire, represented by broker Carl Sputh. Built in 1997, the steel-and-aluminum vessel has undergone two major refits (2019 and 2023) that included mechanical updates and interior renovations.The yacht accommodates 14 guests across six staterooms with crew quarters for 14 personnel. Recent upgrades comprised a 12,000-hour engine service, new stabilization systems, updated technology infrastructure, and refreshed interior finishes. Starfire maintains Lloyd's classification certification following its most recent special survey.Performance specifications include a 12-knot cruising speed and 15-knot maximum speed with fuel consumption of 64 gallons per hour. The vessel's design emphasizes crew functionality with dedicated workspaces and separate lounge/dining areas.The Starfire transaction represents continued activity in the secondary market for well-maintained superyachts with recent refit histories. Northrop & Johnson's involvement underscores the brokerage's presence in the 50-60 meter segment. Both yachts demonstrate the enduring value of robust engineering and periodic upgrades in maintaining vessel competitiveness across decades of service.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Northrop & Johnson
August 13, 2025
The Italian Sea Group (TISG) has reported decreased financial performance for the first half of 2025, citing geopolitical tensions and economic uncertainty. Revenue declined 1.4% year-on-year to €186.8 million, while net profit fell 58% to €12.2 million, partly due to the absence of a capital gain from the 2024 Viareggio shipyard sale.CEO Giovanni Costantino attributed the results to "ongoing geopolitical and economic tensions," specifically noting U.S. protectionist policies as contributing factors. The company maintains an order backlog of €1.19 billion as of June 30, 2025, slightly down from €1.24 billion at year-end 2024.Key financial metrics include:EBITDA of €30.4 million (16.3% margin), down 6.3%EBIT of €25.6 million (13.7% margin), down 4.5%Net debt position of €63.2 millionThe group delivered four yachts during the period - three Admiral models (55m, 66m, 78m) and one 60m Perini Navi. Shipbuilding revenues increased 3% to €172.6 million, while refit revenues declined 52% to €10.9 million as the company prioritized new construction.TISG has revised full-year 2025 guidance, now projecting revenue between €350-370 million (down from €410-430 million) and EBITDA margin of 16.5-17.0% (previously 17.5-18.0%). The company secured €115 million in new long-term financing during the period to support operations.Upcoming projects include the debut of several flagship models at Monaco Yacht Show 2025, including the 72m Admiral Giorgio Armani and 60m Perini Navi sailing yacht. The group continues developing strategic partnerships with Armani and Lamborghini to strengthen its ultra-luxury positioning."Despite current challenges, we remain confident in our ability to finalize ongoing negotiations by year-end," stated Costantino. "Our design excellence and customized approach continue to differentiate our brands in the global market."The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: The Italian Sea Group
August 13, 2025