Earlier this week Chinese conglomerate, Lai Sun Group acquired 49.9% of Camper and Nicholsons International for €13 million in what became the latest deal in a series of yacht-related acquisitions led by Chinese beneficiaries.
The deal turned out to be a major financial success for Camper and Nicholsons' majority stakeholder, Colosseum Services, a Swiss luxury-goods company that had acquired the brokerage firm for a mere sum of €1 million following the liquidation of Rodriguez Group in 2014. It didn't however become the first time a struggling company in yachting was saved by Chinese behemoths.
In 2006, a time of unreal growth for the superyacht industry, Ferretti Group's production value increased to €770 million with a net profit of €25.3 million as the Italian company was preparing for its IPO. In 2007, Candover Investments led a leveraged buyout of Ferretti Group that put its value at €1.5 billion. The subprime crisis however hit the company hard in 2008 and forced it to restructure its €1.2 billion debt. In 2012, 75% of the company was sold to Chinese conglomerate, Weichai Group for €374 million.
Ferretti Group was however not the only company in yachting to be hit by the recession. After going through losses of £9 million in 2009, UK-based, Sunseeker restructured its debt and was taken over by FL Partners, an Irish private equity company. In 2013, it was however sold to the China-based, Wanda Group for around 300 million pounds.
Despite these companies being owned by Chinese groups, demand for yachts in Asia has remained low. Although a small increase in popularity can be seen in Southeast Asia with new cruising grounds such as Thailand opening up, different cultural habits and the lack of infrastructure have prevented superyachts from traveling to the area in masses.
There however very much remains a strong potential for yachting in China with over 1 million millionaires in the area according to the Hurun Wealth Report. Burgess Yachts, one of Camper and Nicholsons' competitors, has in fact reported the sale of the 60-meter Amels, Event to a client in Asia in November 2015. Royal Huisman, a Dutch-based shipyard, announced at the Monaco Yacht Show last week that it was building an 81-meter schooner destined for Asia, sold through Northrop & Johnson.
The Asian market is in fact so attractive that some shipyards have set up shop in the region. Kingship started building superyachts in Hong Kong as early as 2004 and are currently working on their flagship 144ft Grand Voyager asking $16,900,000. HeySea Yachts, based in Guangdon are building a 40-meter catamaran for the CEO of the China Cup.
Spanish shipyard Maxim Yachts returns to familiar shores as they participate in the Palma International Boat Show from April 30 to May 3. Making their debut at the event, the company showcases the Max 43 Comfort – a dynamic day cruiser capable of achieving speeds up to 45 knots. Designed by Alex Cherigny and engineered by Isonaval, this 13-meter model exemplifies speed and luxury combined.The Max 43 Comfort is powered by twin 440-horsepower Volvo Penta engines, ensuring swift and stable navigation. Its exterior layout is highly adaptable, featuring two foldable tables and four sofas, one of which comes with built-in refrigerators. The ergonomic helm station houses two double seats and a stylish carbon fiber console, outfitted with state-of-the-art marine technology, including dual 16-inch Garmin screens and 11 analog gauges.The onboard galley is fitted with a ceramic cooktop, sink, and two large refrigerators, with optional upgrades available such as additional refrigerators and an ice maker. Adjacent to the galley is a flexible dining area equipped with a double table and cozy side seating. Inside, the interiors, adorned with high-quality finishes, house a spacious double cabin capable of sleeping up to four guests. The cabin also boasts one of the tallest ceilings in its class, emphasizing both comfort and practicality.Established just last year, Maxim Yachts has quickly made waves in the industry, marking their presence at prestigious global events. Their participation in the Palma Boat Show signifies their commitment to growth and innovation, as they join approximately 300 exhibitors representing the best in maritime craftsmanship.Credits: Maxim Yachts
April 1, 2025
Turkish shipyard Numarine has introduced its newest superyacht, the 47MXP, marketed as a "Mediterranean Explorer." Despite its name, the vessel is engineered for worldwide exploration, merging the relaxed beach-club lifestyle with robust, long-range capabilities.Expanding on the acclaimed 45XP series, the 47MXP integrates a durable steel hull with a lightweight aluminum superstructure. Retaining the efficient hydrodynamics of its predecessor, the new model gains added length, increasing internal volume and enhancing exterior deck spaces.Renowned Italian studio Hot Lab, part of the Viken Group, orchestrated the 47MXP’s bespoke interiors. Known for their subtle yet sophisticated touch, Hot Lab infuses the yacht with a warm, elegant atmosphere. The layout encompasses up to six guest cabins, highlighted by a full-beam owner’s suite with a private terrace on the main deck.The 47MXP emphasizes alfresco enjoyment with numerous terraces and lounges spanning its four decks. Noteworthy is the aft deck, which now features a sizable infinity pool, converting the area into a high-end beach club setting. Additionally, the sundeck showcases a second pool, a fully stocked bar, and abundant seating for hosting events.Fitted with twin MAN V12 diesel engines, each generating 1,450hp, the 47MXP achieves a top speed of 16 knots. More importantly, she demonstrates exceptional endurance, capable of traversing over 6,000 nautical miles at a cruising speed of 9 knots perfect for transoceanic voyages.Numarine, a European high-performance motor-yacht shipyard headquartered in Istanbul, offers a range of yachts from 19 to 45 meters.Credits: Numarine
April 1, 2025
The initial unit of Cantiere delle Marche's (CdM) Deep Blue 115 series has commenced outfitting at their Ancona facility. Horacio Bozzo spearheaded the exterior design, envisioning it as a "compact gentleman's superyacht embodying a robust explorer spirit." Naval architecture and engineering were assigned to Axis Group Yacht Design. Meanwhile, the interiors exude understated sophistication and meticulous detailing, courtesy of Italian designer Giorgio M. Cassetta.According to Vasco Buonpensiere, co-founder and CEO of CdM, a prominent American client, known for valuing excellence, commissioned CdM to construct the Deep Blue 115, incorporating state-of-the-art technologies. Their aspirations have been amplified through a partnership with Döhle Yachts, culminating in a project that exemplifies industry leadership.The layout accommodates ten guests across five suites, including an owner's suite positioned at the bow of the main deck. Below deck, four additional guest cabins complement quarters for a seven-member crew.Key features aboard include a spacious galley, a central salon with operable sliding doors, and a retractable terrace adjacent to the dining area. Standout amenities encompass a generous aft swimming pool equipped with a storage tank for treated water during transit, along with a foredeck cinema. Videoworks engineered the integrated AV/IT infrastructure.Built upon a sturdy steel hull, the model achieves a gross tonnage of 299 GT. Propulsion is provided by twin Caterpillar C18 engines, each rated at 533 kW.Following its sale by IYC in 2024, the delivery to its American owner anticipated for 2026.CdM's story begins in 2010. The facilities cover an overall surface of 16˙000 square meters, including 7˙000 sq. m of workshops and 1˙000 sq. m of docks. Since 2015, the shipyard has been the world’s leading builder of explorer yachts. Based in Ancona, Cantiere delle Marche builds yachts from 26m to 43m in length.Credits: CdM
March 31, 2025
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