Kirill Pisarev, co-founder of PIK Group (a real-estate development company in Russia) has just won a law suit against Moran Yacht & Ship over a claim on commission. The brokerage agency argued they had introduced the buyer which is what ultimately led to the yacht's sale. Mr Pisarev is said to have become unhappy with M/Y 4You as the yacht was too small for him, his wife and four children. The 47-metre 4You was built in 2009 by Heesen Yachts and could accommodate 10 guests in 5 cabins. Mr Pisarev therefore decided to sell the yacht and to commission a 55m yacht from Amels. The sale eventually occurred in 2012 and 4You now belonged to Alexander Miliavsky, for 19.8 million euros. The 55m Amels, 4You was also delivered to Mr Pisarev in 2012 and was much more spacious and easier for himself and his family to enjoy, the judges were told.
Following the sale, Mr Pisarev ended up in court after the brokerage agency who managed and crewed the yacht, Moran Yacht and Ship, argued they were owed a £615,000 commission on the deal, 4% of the sale price. Their claim was dismissed by the High Court in 2014, and on February 11th 2016 Lord Justice Christopher Clarke dismissed the motion once again, reaffirming Mr Pisarev's victory in this legal dispute.
According to the Daily Mail, Sir Terence Etherton, Lord Justice Lewison and Lord Justice Christopher Clarke, were told by Moran's queen's counsel, Stephen Auld, that the firm is claiming an estate-agent style commission for having showed the yacht to Miliavsky early in 2010, two years before he bought it.
Whilst Pisarev conceded Miliavsky, a friend of his, had been on the yacht in May 2010 with a Moran employee, he said it was not on his instructions and had not led to the sale. Miliavsky agreed with Pisarev that, at the time, he had no intention of buying the yacht and had only gone aboard briefly because of the "persistence" of the Moran employee.
Lord Justice Clarke said Miliavsky already owned a yacht at the time, "with which he was quite content", and it was "not surprising" that he was then uninterested in buying Pisarev's.
He added: "In those circumstances it is not necessary for us to consider whether the judge was right to hold, as he did, that Moran were not involved in the sale."
The judge dismissed the appeal and ordered Moran to pay Pisarev's £65,000 legal costs bill.
As for the 47-metre Heesen yacht, she has been sold again through Jonathan Barbe (Edmiston) and David Legrand (Fraser Yachts) to an unknown buyer in June 2015 after having received an interior refit in 2014. The asking price was set at 19,500,000 euros.
Following the sale, Mr Pisarev ended up in court after the brokerage agency who managed and crewed the yacht, Moran Yacht and Ship, argued they were owed a £615,000 commission on the deal, 4% of the sale price. Their claim was dismissed by the High Court in 2014, and on February 11th 2016 Lord Justice Christopher Clarke dismissed the motion once again, reaffirming Mr Pisarev's victory in this legal dispute.
According to the Daily Mail, Sir Terence Etherton, Lord Justice Lewison and Lord Justice Christopher Clarke, were told by Moran's queen's counsel, Stephen Auld, that the firm is claiming an estate-agent style commission for having showed the yacht to Miliavsky early in 2010, two years before he bought it.
Whilst Pisarev conceded Miliavsky, a friend of his, had been on the yacht in May 2010 with a Moran employee, he said it was not on his instructions and had not led to the sale. Miliavsky agreed with Pisarev that, at the time, he had no intention of buying the yacht and had only gone aboard briefly because of the "persistence" of the Moran employee.
Lord Justice Clarke said Miliavsky already owned a yacht at the time, "with which he was quite content", and it was "not surprising" that he was then uninterested in buying Pisarev's.
He added: "In those circumstances it is not necessary for us to consider whether the judge was right to hold, as he did, that Moran were not involved in the sale."
The judge dismissed the appeal and ordered Moran to pay Pisarev's £65,000 legal costs bill.
As for the 47-metre Heesen yacht, she has been sold again through Jonathan Barbe (Edmiston) and David Legrand (Fraser Yachts) to an unknown buyer in June 2015 after having received an interior refit in 2014. The asking price was set at 19,500,000 euros.
The 60 Sunreef Power Eco electric catamaran has been named Catamaran of the Year 2025 in the Multipower category. The award was presented on April 23 during the International Multihull Show in La Grande Mothe, France. The prestigious accolade is granted by Multihulls World magazine to recognize the most innovative and outstanding catamarans in the industry.The 18m catamaran features an advanced solar energy system with photovoltaic panels integrated into the hulls, bimini roof, and superstructure. Powered by two electric motors, the vessel benefits from a continuous supply of clean energy, delivering a smooth and environmentally friendly sailing experience.A key feature of the 60 Sunreef Power Eco is its special ultralight battery, which enables silent and vibration-free operation. The catamaran is designed for comprehensive 360° sustainable sailing, incorporating an energy-efficient air conditioning system and eco-friendly materials in its finishes. 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: Sunreef Yachts
April 25, 2025
Viken Group has introduced its latest innovation in the luxury cruise yacht sector – the 196-meter REI. Developed as a collaborative effort between the three brands of the Viken Group – TDoS (Tillberg Design of Sweden), Hot Lab, and Thalia Marine – the project aims to set new standards in sustainable and exclusive cruise experiences.The REI project solidifies Viken Group’s position as a pioneer in the luxury cruise yacht segment. The vessel, designed to accommodate up to 112 guests and 125 crew members across its 10 decks, features a beam of 28 meters and offers a unique blend of adventure, sustainability, and exclusivity.“We are thrilled to introduce REI. The 196-meter project is the perfect illustration of the combined offerings of the Viken Group, where we manage exterior styling, engineering, master planning, and interior under one umbrella,” said Fredrik Johansson, Co-Founder of the Viken Group and Executive Director of TDoS. “This approach helps our clients streamline the process dramatically, control investments, and optimize outcomes for both guests and operators.”The yacht’s design features a streamlined exterior inspired by nature, combining technical, industrial, and automotive aesthetics with dynamic curves. In contrast, the contemporary interior offers a tranquil environment with adjustable lighting and tactile materials, providing a rare digital detox experience for guests.REI’s design focuses on balancing private and public spaces, featuring numerous dedicated areas for exclusive use. Notable amenities include duplex suites with private winter gardens and pools, massage areas, double-height windows showcasing panoramic views, and a stunning forward infinity pool.Sustainability is a key aspect of the design, with multiple propulsion options including electric, hydrogen, solar, and wind power. The vessel also includes a secondary 27-meter expedition vessel for easy embarkation and disembarkation, powered by electric or solar energy.The onboard experience is designed to be ever-evolving, with entertainment, activities, and menus adapting to the time of year and location. The exploratory dining concept, themed ‘from sea, to land, to sky,’ offers a diverse culinary journey.“The market for cruise yachts is currently looking very promising,” said Antonio Romano, Commercial and Marketing Director at Viken Group. “Thanks to our three brands – TDoS, Hot Lab, and Thalia Marine – Viken Group can harness our unique expertise across superyachts, cruise ships, and refits, meaning we are perfectly positioned to make our mark.”The REI project represents a significant advancement in the luxury cruise yacht sector, combining innovative design, sustainability, and an unparalleled guest experience.Credits: Viken Group
April 24, 2025
Heesen Yachts has announced the passing of its founder, Frans Heesen, on April 23, 2025, in his hometown of Oss. He is survived by his wife Petra, children, and grandchildren.Frans Heesen’s leadership and talent for identifying and nurturing potential were fundamental to the success and growth of Heesen Yachts. Known for his visionary approach and Dutch courage, Heesen took bold steps that shaped the future of the shipyard.One of his most notable achievements was the decision to build the groundbreaking yacht Octopussy, despite significant risks. This project not only succeeded but also brought global recognition to Heesen Yachts.Throughout his career, Frans dedicated himself to creating a family-like atmosphere at the shipyard. Even after the company was sold, the family environment he established remained strong. The values he instilled continue to define the company’s culture today.Heesen Yachts expressed its deepest condolences to Frans’ family and friends, noting that while his presence will be deeply missed, his spirit and vision will continue to guide the company.Frans Heesen’s contributions have left a lasting impact on the yachting industry and on everyone who had the opportunity to work with him. He will be remembered for his pioneering spirit and dedication to excellence.Credits: Heesen Yachts
April 24, 2025
Northrop & Johnson has listed the brand-new Absolute 56 Flybridge for sale at EUR2,033,250, with yacht brokers Jeffrey Chan and Martin Holmes representing the vessel. The Italian-built motor yacht combines performance with contemporary design, featuring Volvo Penta IPS engines for efficient cruising and joystick docking.The 56 Flybridge offers a full-beam master suite positioned forward for panoramic views, along with three guest cabins and a separate crew cabin. The aft galley connects the cockpit and saloon, enhancing indoor-outdoor flow, while floor-to-ceiling windows provide natural light. High-end finishes include polished cabinetry and sleek countertops.On deck, the yacht maximizes space with an expansive flybridge featuring a U-shaped dining area, wet bar, and lounging zones. An optional hardtop includes solar panels for energy efficiency. The foredeck includes a lounge with sunpads and a convertible teak table, while the hydraulic swim platform at the stern functions as a beach club with retractable stairs for water access.Designed for comfort and reliability, the Absolute 56 Flybridge is available for immediate delivery. Buyers seeking a turnkey, high-performance motor yacht can view the listing through Northrop & Johnson.Credits: Northrop & Johnson
April 24, 2025
The inaugural World Yachting Summit in Monaco convened over 200 participants from 20 countries, including industry leaders, regulators, and innovators, to address critical challenges facing the sector. Modeled after global forums like COP and Davos, the three-day event featured 19 panel sessions and 8 keynote talks focused on sustainability, modernization, and generational engagement.Keynote speaker Jean-Claude Biver, former CEO of Blancpain and Hublot, emphasized innovation through his "first, unique, different" philosophy, while Azimut Benetti's Giovanna Vitelli led discussions on practical sustainability measures. A SMART framework emerged from debates:Sustainable: Industry must transition from compliance to climate leadership, per DNV's Barbara Sanches and Energy Observer's Victorien Erussard.Modern: Calls for transparency in listings and standardized regulations for emerging destinations.Attractive: Shift needed from ostentation to purpose-driven experiences for younger demographics.Resourceful: Unified advocacy and economic impact storytelling urged, mirroring aviation sector models.Transformative: Early marine education and human-centric design identified as priorities.Albert Manzone of Société des Bains de Mer highlighted Monaco's stability as a blueprint for resilience. Closing sessions noted geopolitical and labor challenges, with cautious optimism about adapting to sustainability demands and experience-focused ownership models.The Summit was co-organized by M3 and OMNIYAT. M3 CEO José Marco Casellini stated: "WYS 2025 leaves a lasting impression... establishing itself as a driving force for innovation and strategic thinking about the future of yachting."A second edition is planned for 2026 to continue progress on these initiatives.Credits: World Yachting Summit
April 24, 2025