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.
Pearl Yachts announced the grand unveiling of the new Pearl 63 at the upcoming Palma International Boat Show, set to take place from April 30th to May 3rd. This highly anticipated event highlights Pearl Yachts' continuous expansion of its renowned fleet, blending superior British craftsmanship with groundbreaking design. The Pearl 63, already celebrated for its innovative design and practicality, will take center stage alongside other esteemed models, including the Pearl 72, Pearl 82, and the flagship Pearl 95.Building on the success of its award-winning predecessor, the Pearl 62, the new Pearl 63 introduces a host of notable advancements. Tailored for discerning owners, this vessel delivers spacious accommodations, effortless handling, and an unparalleled ownership experience.Key Features IncludeEnhanced Aft Cockpit: Equipped with opening side balconies and dual high-low dining tables, this versatile space fosters a strong connection with the sea, making it ideal for entertaining or unwinding. The flip-backrest on the L-shaped sofa transforms the area into a seaview lounge.Revamped Saloon Layout: Now boasting a family-sized dining table, stylish seating options, and a chic chaise longue paired with multipurpose poufs, offering a more relaxed and functional setting.Flexible Tender Garage/Crew Cabin: Complete with a hydraulic swim platform, the tender garage can store either a Williams 285 jet tender or a Seadoo Spark Jet Ski. It can alternatively serve as a crew cabin, catering to diverse operational needs.Generous Guest Accommodations: Unmatched in the 60-foot class, the Pearl 63 sleeps eight guests across four opulent staterooms and three bathrooms. The full-beam master suite, accessed via a private staircase, features his-and-hers wardrobes, expansive hull windows, and a luxurious en-suite bathroom with a Corian sink and shower.High-Performance Engines: For those craving extra power, an optional upgrade to twin Volvo Penta IPS 1350 engines enables speeds of up to 33 knots.Kelly Hoppen Interior Design: Benefitting from fresh hull glazing, the bright interiors offer breathtaking views. Owners can choose between four distinct interior styles crafted by Kelly Hoppen Interiors – Indulgence, Luxury, Modern, and Monochrome – ensuring a personalized ambiance. The saloon is defined by generous glasswork, a well-appointed galley adjacent to the cockpit, and a comfortable lounge zone.Al Fresco Living Spaces: Wide side decks lead to a foredeck lounge with foldaway tables, adjustable sunbeds, and an optional Bedouin-style shade. The flybridge features a sleek hardtop (with an optional electrically-opening segment), a wet bar, barbecue station, and plentiful seating, ideal for sunbathing or hosting events.Advanced Technology: Powered by Volvo IPS propulsion, the Pearl 63 guarantees efficient performance and intuitive control through joystick steering, dynamic positioning, and user-friendly Garmin touchscreen displays. Proportional thrusters simplify docking, enabling confident manoeuvring even in confined marinas.Managing Director Iain Smallridge emphasizes, “The Pearl 63 exemplifies our ongoing pursuit of innovation and refinement. Every detail has been fine-tuned to maximize the owner’s enjoyment at sea, reflecting our dedication to pushing the boundaries of yacht design and usability.”Cenk Efe, Managing Director of Mallorca Marine Group, adds, “Presenting the Pearl 63 at the Palma International Boat Show is a privilege. This vessel encapsulates the sophisticated aesthetics and engineering prowess synonymous with Pearl Yachts, reinforcing our enduring collaboration and shared commitment to excellence.”At the Palma International Boat Show, attendees will have the unique chance to explore the entire Pearl Yachts collection, including the Pearl 63, Pearl 72, Pearl 82, and the majestic Pearl 95. Visitors can witness first-hand the craftsmanship and attention to detail that define the Pearl Yachts brand in the global yachting market.Pearl Yachts was founded in 1998 and has now become one of the UK’s most prominent shipyards. Every Pearl motor yacht is designed and built by experienced craftsmen. Pearl’s fleet consists of the new Pearl 62, the Pearl 80 and the Pearl 95. All newly launched Pearl Yachts are covered by a unique, comprehensive five-year warranty program.Credits: Pearl Yachts
March 31, 2025
In less than a year, this stunning, over-thirty-year-old 52-meter Benetti has been revived through a meticulous refit led by architect Tommaso Spadolini. Yacht Designer Giulia Grassi from the Supernova Design studio played a pivotal role, orchestrating the yacht's remarkable interior transformation. Extensive work encompassed a complete overhaul of the exterior profile, a redesign of common areas, replacement of specific steel plates on the hull, and a total engine rebuild. The project took place at IMS Shipyard in Toulon, France.Tommaso SpadoliniArchitect Tommaso Spadolini reflects on the journey: "The owner fell in love with this Benetti but envisioned refreshing it both technically and aesthetically – inside and out – while retaining its classic character, yet giving it a contemporary edge. Most importantly, he needed a yacht suitable for his large family." Thus began the transformation of the 1994 Benetti 52m, originally named Tommy, into the exclusive, modern Solafide.Main saloon What distinguishes this refit isn’t merely the outcome but the astounding speed of execution. From initial discussions in July 2023 to approvals by December, and relaunch by April 2024, the team pulled off an incredible feat. Tommaso Spadolini and Giulia Grassi collaborated seamlessly with IMS Shipyard to achieve every refit objective.Main saloonSpadolini’s focus centered on modernizing the yacht’s exterior and technological upgrades. "Starting with the original cream color, we switched to white, incorporating dark stripes and stainless-steel grilles for a sleek appearance," Spadolini explains. Key modifications include transforming the main deck’s aft tender storage into a versatile lounge area, installing hatches, and modifying railings to integrate retractable side terraces. They also developed a well-equipped sundeck forward of the helm, including awnings and improved accessibility.Owner's cabin Rebuilding the twin 16-cylinder Deutz engines (each delivering 2,400 hp) posed a major challenge, requiring deck dismantling for their removal. Structural enhancements involved replacing select steel plates on the hull and aluminum panels on the superstructure. The sundeck was reinforced to handle helicopter operations, fitted with movable furniture, and emblazoned with an 'H'-marked teak floor.Electrical systems, navigation aids, and connectivity were updated to match current standards, ensuring the yacht remained future-proof. The existing boat davits were retained for tender transport during extended trips.Upper deck Giulia Grassi faced the daunting task of balancing the yacht’s heritage with modern design innovations. "The owner sought increased seating capacity and better accommodation options," Grassi notes. To address these needs, they executed a comprehensive spatial reconfiguration, integrating custom-built furniture and rethinking partitions. For instance, the main deck dining area underwent a dramatic transformation, swapping built-in furnishings for a larger, family-friendly table. Outdoor zones benefited from tailored cushions and flexible furniture, significantly elevating comfort levels.The main deck was decluttered by removing curtains and bulky fittings, creating an airy atmosphere. Customized seating arrangements, including a sofa with hidden storage and adaptable side tables, ensured ample seating for everyone. The dining room was enlarged by relocating the partition, introducing a striking white onyx floor section beneath the table, flanked by a mood-lighting backlit wall. Thoughtful mirror placement ensures unobstructed sea views from any vantage point.The owner’s suite preserves its traditional charm while gaining subtle enhancements from prior improvements. The upper deck received substantial upgrades, converting the lounge into a multi-purpose guest cabin when not functioning as a media room. An additional VIP cabin was introduced, while the aft and flybridge areas were renovated with climate control and detachable furniture for helicopter landing compatibility.Sun deck"This Benetti 52m is now practically brand-new, boasting top speeds of 21 knots due to its streamlined, high-performance hull," Spadolini adds. "Despite modernization, we maintained a lightweight displacement below 500 tons – exactly 472 tons."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: Benetti
March 31, 2025
Heesen Yachts is thrilled to unveil the latest addition to its illustrious 55-meter Steel series, YN 20955 Project Agnetha. This exceptional blue-water motor yacht is built on a tried-and-tested design platform, offering owners the advantage of quick delivery just in time for the upcoming summer cruising season.Designed by Frank Laupman of Omega Architects, Project Agnetha's sleek exterior boasts horizontal lines that enhance its length, while expansive tinted glass panels on the main and upper decks maximize natural light and frame panoramic ocean views. A signature "shark tooth" detail adorns the wheelhouse overhang, adding a touch of sophistication. Removing aft superstructure pillars creates a seamless transition between indoor and outdoor spaces, offering unobstructed vistas from every corner of the yacht.Powered by an efficient Fast Displacement Hull Form (FDHF) and twin MTU 4000 M63 (IMO Tier III) engines, Project Agnetha achieves a top speed of 15.5 knots while maintaining exceptional stability and efficiency. This pairing ensures low fuel consumption across varying speeds, making it ideally suited for diverse cruising routes.Interior design by Luca Dini Design and Architecture provides a blank canvas for personalization. Inspired by Shakespeare's As You Like It, the interiors showcase light wood veneers and subtle metallic accents, inviting owners to infuse their own tastes. The yacht comfortably accommodates twelve guests across six staterooms, including an opulent 86 sqm owner's suite featuring a lounge, study, walk-in closet, and private terrace. Four guest staterooms are located on the lower deck, with a VIP suite on the bridge deck.Silvia Margutti and Luca Dini, Luca Dini Design and Architecture. Ph. Viola BerlandaLead architect Silvia Margutti explains, "For clients purchasing a speculative yacht like Agnetha, there's immense potential for customization despite the fixed layout. We've created multiple interior concepts showcasing various lighting schemes, furnishings, and decorative elements, demonstrating how a near-complete interior can still be tailored to meet specific preferences."Built on a well-established platform, Project Agnetha minimizes technical risks, enabling owners to focus on enjoying memorable moments with loved ones. While rooted in a proven framework, the yacht maintains its uniqueness through the creative collaboration between Heesen and Luca Dini, resulting in a highly personalized and functional space.Ruud van der Stroom, CCO Heesen Yachts. Ph. Paolo Ciaberta"Heesen's Project Agnetha presents a rare opportunity," remarks Ruud van der Stroom, Heesen's CCO. "It's the sole 55-metre steel yacht of Dutch pedigree available for rapid delivery, constructed on a dependable platform primed for customization. This combination of reliability, style, and versatility ensures that Agnetha is not only a beautiful vessel but also a ready-made home away from home for summer escapades."Heesen Yachts is a Dutch ship building company that specializes in custom-built superyachts in aluminum and steel from 30m to 70m in size. Founded in 1978, it has launched more than 170 yachts since its inception.Credit: Heesen Yachts
March 28, 2025
Mangusta Yachts announced the launch of the fourth unit in the acclaimed Mangusta Oceano 44 series, on March 8, 2025 – International Women's Day. This date perfectly encapsulates the yacht's essence: graceful yet powerful, embodying a perfect fusion of classic yachting heritage and cutting-edge innovation.A part of Mangusta's esteemed long-range lineup, the Mangusta Oceano 44 stands out as a modern-day floating sanctuary. With its robust steel hull and lightweight aluminum superstructure, this vessel effortlessly blends durability with style. Large panoramic windows invite passengers to revel in breathtaking views, transforming traditional yachting into an entirely fresh experience.Equipped with zero-speed and underway electric stabilizers, the yacht ensures utmost comfort, even during extended voyages. Her impressive range of 4,500 nautical miles, coupled with a top speed of 15.5 knots and a comfortable cruising speed of 11 knots, makes her ideal for both leisurely cruises and long-distance adventures.Crafted with meticulous attention to detail, the Mangusta Oceano 44 embodies Mangusta's unwavering commitment to excellence. Inside, a harmonious blend of fine woods and marble creates a sophisticated, minimalistic aesthetic. The abundant glass surfaces allow light to flood the interior, creating a seamless connection between indoors and outdoors.The master suite serves as a private oasis, offering unobstructed ocean vistas and exquisite finishes. Each cabin mirrors the yacht's overall design language, ensuring consistency and elegance throughout.Outdoor areas are equally remarkable, featuring a generous 104-square-meter sundeck and a versatile beach club that transforms into a wraparound platform when the transom opens. Forward, the wheelhouse boasts floor-to-ceiling windows, guaranteeing optimal visibility and smooth sailing.This particular unit was commissioned by a European client and will soon ply the azure waters of the Mediterranean. The success of this project is attributed to the collaborative efforts of Overmarine Group, P.L.A.N.A. Design, and Alberto Mancini, along with the custom interior work of Gianluca Sist from H2 design studio.Gaston Lees-Buckley of Camper & Nicholsons oversaw the construction process, contributing significantly to the yacht's realization. Overmarine Group was founded in 1985 by the Balducci family. The shipyard builds open and displacement power superyachts under the Mangusta and Mangusta Oceanco brand names. Credits: Overmarine Group
March 28, 2025
Ulyssia Residences AG recently unveiled updates about their ambitious 320-meter residential superyacht project during the Palm Beach International Boat Show. Developed in partnership with renowned designer Espen Øino and shipbuilder Meyer Werft, this floating community promises a unique lifestyle experience. Scheduled to begin construction in September, the vessel is set to launch in 2029.Designed to provide a seamless journey between iconic cities and secluded natural havens, the superyacht aims to foster a vibrant, close-knit community. With nearly half of the available units already sold, the project emphasizes exclusivity and shared ownership, allowing residents to enjoy tailored experiences while owning a piece of the vessel itself.Founder and Chairman Frank Binder’s vision draws inspiration from his lifelong passion for maritime living. His idea evolved from admiring The World, another residential cruise ship, leading him to envision a space where travelers could truly call the sea their home. As the first buyer aboard Ulyssia, Binder has personally invested in bringing this dream to reality.Featuring 133 spacious residences and 22 guest suites, Ulyssia offers accommodations ranging from cozy one-bedrooms to expansive six-bedroom layouts, complete with state-of-the-art amenities. Customizable interiors by FM Architettura.Beyond luxury, Ulyssia prioritizes health and education. Onboard facilities include a comprehensive wellness center managed by Swiss firm Chenot, advanced medical services, and opportunities for homeschooling and cultural enrichment. These offerings are enhanced by partnerships with EYOS Expeditions, ensuring access to immersive expeditions worldwide.With sustainability at its core, Ulyssia incorporates eco-friendly technologies like hybrid propulsion, solar power, and advanced energy recovery systems. Its innovative design allows navigation through diverse waterways, including the Amazon River and the Panama Canal, without compromising environmental impact.As Chief Operating Officer Renato W. Chizzola notes, Ulyssia defies categorization – it is simultaneously a luxury hotel, remote resort, and exclusive club. Credits: Ulyssia
March 28, 2025