Malaysia-based entertainment conglomerate, Genting Group has increased its ownership stake in Italian shipyard, Wider to a 100% through its cruise line arm, Genting Hong Kong, expanding its interests in the yachting space further.
Established by Tilli Antonelli, former CEO of Pershing (acquired by Ferretti Group), Wider Yachts was established in 2010 with first a 13-meter model, the Wider 42, whose prime selling point became the extendable platform located amidst ship.
Wider's plans to build larger yachts were however publicly introduced in 2011 when Antonelli announced the Wider 150. A year later the 47-meter was under construction, following a switch from composite to aluminium and other design changes.
According to the Timeline index, the Wider 150 was sold in May 2013 with a last recorded asking price of near €22 million. In 2015, the newly named Genesi was made available for sale once again by the shipyard asking €26,5 million and ultimately sold to a Canadian buyer in December 2016, who renamed her to Bartali.
Genting's involvement with Wider however began back in December 2012 when the conglomerate made an investment in the Italian shipyard via a capital increase that saw it gain a 50% stake in the company. "I decided to back Wider as I was impressed both with its course of development and its ability to establish itself on the international market." commented Genting's chairmain, Tan Sri Lim Kok Thay at the time of the investment.
The Malaysian conglomerate's involvement with Wider Yachts didn't however limit itself to it owning 50% of the company as the Genting Group also bankrolled the ongoing construction of Project Cecilia, the first Wider 165, as well as ordered 4 smaller Wider models from the shipyard, as a regulatory filling from December 2014 shows.
Project Cecilia is currently for sale with a last recorded asking price of €30 million, however should a sale not occur prior to its Q1 2018 delivery, it is likely that the Genting Group will take delivery of the yacht. At the time of the sale of the Wider 150, the shipyard stated that Genesi was originally intended for the current owner of Project Cecilia, which is the Genting Group as fillings show.
The Malaysian group's interests in yachting do not limit themselves to Wider Yachts as Genting Group owned a 24,85% stake in Grand Banks Yachts in December 2014 as well as a 15% stake in luxury submarine manufacturer U-Boat worx. Regulatory fillings in December 2014 valued the group's yachting interest, including its share in Wider, at just under $38 million.
Genting's chairmain, Tan Sri Lim Kok Thay, whose net worth is valued at $4,5 billion by Forbes, became involved in U-Boat worx through an investment he made back in December 2013. "This is an innovative product that offers the unique experience of deep-sea exploration and ocean diving without getting into scuba gear" commented Genting's chairman at the time of the investment.
In 2015, Genting Hong Kong acquired a majority stake in Lloyd Werft, the German shipyard at which it had several cruise ships on order for its Crystal Cruises line, for €17,5 million. Mostly known for cruise ship construction, Lloyd Werft is also the shipyard behind the construction of 114-meter explorer, Luna for Russian oligarch Roman Abramovich now owned by Farkhad Akhmedov.
The Genting Group's expanding interest in the yachting business in recent years comes in a strong trend of large corporations from Asia entering yachting. Indeed, in January 2012, Chinese conglomerate, Weichai acquired a controlling stake in Ferretti Group, which recently posted profits for the first time since 2008. In 2013, Sunseeker was acquired by the China-based, Wanda Group. In 2016 Lai Sun Group acquired near half of Camper & Nicholsons International.
Lürssen has launched the 114-meter megayacht Cosmos, a hybrid vessel equipped with two 500 kW methanol fuel cells that enable emissions-free cruising for extended periods. The yacht, introduced as part of the company’s 150th anniversary, can travel up to 1,000 nautical miles on electricity alone and remain at anchor with zero emissions for up to 15 days.Commissioned by an undisclosed owner, Cosmos features an all-steel hull reinforced to Ice Class 1D, allowing navigation in polar waters as well as across all major oceans. Alongside its methanol-based hydrogen power system, the yacht is fitted with diesel generators, engines, and tanks to allow conventional propulsion for higher speeds.Designed inside and out by Marc Newson, the vessel has a beam of 18 metres (59 feet), a gross tonnage of 6,300, and spans six decks. The design incorporates extensive use of glass, including a custom-engineered glass-domed owner’s study offering 360-degree views, a surrounding sky terrace, and an observation lounge located beneath the helipad.Outdoor amenities include a main deck with a swimming pool, Jacuzzi, seating areas, and an aft dry dock for tender operations. The combination of ice-class construction, hybrid propulsion, and large-scale glazing represents Lürssen’s latest application of advanced engineering to meet evolving environmental and design goals.Credits: Lürssen
August 12, 2025
The NOA 46, a 46-meter motor yacht built by The Yacht Factory in Yalova, Turkey, will be presented for the first time at the Cannes Yachting Festival from 9 to 14 September. Ocean Independence has been appointed as Central Agent for the vessel.Designed by Hot Lab Yacht Design, the yacht is intended for long-range cruising and features a steel hull, aluminium superstructure, and compliance with RINA and MCA classifications. Accommodation is arranged for ten guests in five staterooms. The main salon connects directly to an al fresco lounge area with a large jacuzzi, while the sundeck includes a DJ booth, bar, and gym area.The interior uses predominantly brown and beige tones, with large windows providing natural light throughout. Power comes from twin MAN 1,450HP engines meeting IMO Tier III standards, giving a range of 4,000 nautical miles at 10 knots, a cruising speed of 13 knots, and a top speed of 15.7 knots. ABT TRAC fin stabilisers are fitted for stability underway and at anchor, and the yacht is equipped with Simrad navigation systems.The Yacht Factory operates on a 200,000-square-meter site with facilities including a floating dock for large yachts and a travel lift with an 800-ton capacity.Credits: Ocean Independence
August 12, 2025
The 76.6-meter motor yacht Boadicea is now available for charter through Northrop & Johnson, with Mediterranean itineraries this summer followed by Caribbean and Bahamas deployments this winter. The 1999-built Amels flagship, designed by Terence Disdale, carries a weekly rate of EUR725,000 plus expenses.Recent refits have maintained Boadicea's competitive position in the charter market, including installation of a 12-seat cinema theater and exterior repainting. The yacht offers 2,191 GT of interior volume across five decks served by an elevator and spiral staircase.Accommodations include nine staterooms for 18 guests, featuring two master suites - one on the upper deck with private terrace and dual bathrooms, another forward on the main deck. Common areas comprise a walnut-paneled main salon, upper deck lounge with Roche Bobois furnishings, and multiple entertainment spaces.Outdoor amenities includes sundeck with 6-meter counter-current pool, bridge deck wellness area with gym and spa facilities, expanded beach club with inflatable sea pool platform, 13-meter Pirelli chase tender plus extensive toy selection.The yacht's recent updates preserve Disdale's original design while incorporating modern charter requirements. Boadicea remains one of the largest vessels available for private charter, offering rare volume in the 70+ meter segment.Northrop & Johnson will manage bookings for the 2024/2025 charter seasons, with the vessel currently positioned in the Mediterranean. The Amels-built superyacht joins the brokerage's portfolio of large-tonnage charter options.Damen Yachting, the yacht-building division of Damen Shipyards Group, employs approximately 500 professionals across its Amels, SeaXplorer, and Yacht Support vessel programs. No purchase price was disclosed for the new build.Credits: Northrop & Johnson
August 12, 2025
Feadship has delivered the 71.76-meter superyacht Stella M to her owner on 5 August 2025. Built at the Dutch yard and designed by Studio De Voogt, the vessel features five decks and a layout intended for multi-generational use.The yacht is equipped with a next-generation diesel-electric propulsion system, designed to reduce noise and vibration while supporting cleaner cruising. According to Feadship, sea trials confirmed notably low noise and vibration levels.The project was carried out in collaboration with Burgess, representing the owner throughout the build, and Hugo-Morgan Harris acting as technical representative.“Every detail was shaped by a shared ambition to create something exceptional,” said Maarten Janssen, Feadship Sales Director. “Her advanced diesel-electric propulsion system has resulted in remarkably low noise and vibration levels.”Burgess Senior Partner Richard Lambert commented: “Her Dutch pedigree coupled with complete collaboration between all parties resulted in a vessel that meets the owner’s forward-thinking vision.”Stella M is set to begin her first Mediterranean season following delivery.Credits: Feadship
August 11, 2025
Oceanco has launched the 111-meter diesel-electric yacht Leviathan, previously known as Project Y722, at its facility in the Netherlands. The vessel features naval architecture by Oceanco and Lateral Naval Architects, exterior design by Oceanco, and interiors by Mark Berryman Design.Commissioned by an experienced owner, Leviathan was developed with a focus on operational efficiency and crew wellbeing. According to Oceanco, crew members were involved in the design process to provide practical input. The yacht incorporates durable, low-maintenance materials such as honed stone, natural wool carpets, composite capping rails and decks, and full-height glass superstructure bulkheads, replacing more maintenance-intensive elements like teak decks and polished wooden handrails. These choices are intended to reduce routine upkeep and allow crew to focus on guest services and operational tasks.The project involved collaboration between the owner, technical representatives from YTMC, and management company Y.CO. More than 2,000 people contributed to the build, and their names are engraved on a glass panel in the main staircase.Leviathan is designed to accommodate a variety of uses, including hospitality and scientific work. She has a beam of 17.8 metres and is scheduled to begin sea trials in the coming weeks. Further details on her capabilities are expected to be released later.Credits: Oceanico
August 11, 2025