Dutch builder Moonen Yachts has declared it has entered into a new ownership, just a month after filing for bankruptcy protection with the Dutch court.
The new owners of the yard are an Australian couple, Matthew and Louise Baxter. Matthew, of Scottish origin, is a successful Australian businessman and entrepreneur, who in 1972 established the A M Group, a privately owned worldwide group of manufacturing companies of which he is executive chairman.
For several years, Moonen Shipyards was entirely owned by Mexico’s largest steel manufacturer Altos Hornos de México (AHMSA). During that period several yachts were delivered and business ran well at Moonen, thanks to the financial support of AHMSA.
The situation changed last May, when Mr. Ancira, the chairman of AMHSA, was arrested on the Spanish island of Mallorca, accused of bribery. Consequentially, AHMSA’s bank accounts got frozen, including the one from Moonen. Some of the accounts were unfrozen after a while, but the money tap for the shipyard remained closed. The lack of financial support to pay wages and settle the required payments on the building of Project YN199 on speculation, led Moonen to declare bankruptcy.
The setuation with AMSHA reflected in substantial financial instability of the yard in the past. When in 2015 the steel prices dropped dramatically, Moonen was filed for suspension of payment for a longer period of time. To avoid such an insecure period again, the management of Moonen was already looking for a new investor.
In fact, the investor has been found and conversations were at an advanced stage in order to proceed a normal takeover of the shares. Due to the arrest of Mr. Ancira and the loss of cash flow, it was necessary to speed up the process with the intended shareholder, and try to avoid a bankruptcy. However, there was hardly any communication possible with the shareholder and finally Moonen Shipyards was no longer able to meet its obligations towards personnel and suppliers thus bankruptcy followed on the 11th of July.
Still, the bankruptcy has cleared the road for the new Moonen in a way, as the proposed investor shared his wish to fully disconnect from AHMSA after the situation occurred last May. What the bankruptsy has relieved the new stakeholders of the responsibility to pay off Moonen’s debts.
Louise and Matthew Baxter first discovered Moonen Yachts whilst sailing on Pittwater harbour in Sydney where they came across Moonen 84 Aurora. That lead to their involvement with Moonen.
Mr Baxter, who also remains executive chairman of the A M Group, said:
It is a privilege to own a yard like Moonen. The brand has an impeccable pedigree, the yachts are true Dutch quality and the team is young, reliable, talented and very loyal to the company. These characteristics are fundamental for success.
The shipyard is very honoured and excited with Mr & Mrs. Baxter as their new owners. Moonen’s CEO Johan Dubbelman highlights:
We have trust in these new investors and have faith that they will establish a strong future for Moonen Yachts. The 30 to 50 metre market is solid for well-built designs, and our plans are to increase production. Currently we have one, award winning, 36-metre Martinique in build, she’s 50% ready. The focus is to have her on display at the Monaco Yacht Show 2020.
The company aims at scaling up production efficiently and starting two new build projects in the upcoming 6 months, he said.
Following on with the current build we will start a second 36 metre and a 44 metre, both new and future proof timeless Moonen yachts with interiors designed by the award winning renowned design houses, like Studio Indigo. By building on speculation, delivery times will be shorter and customisation still possible, which is an absolute advantage for our future clients.
The yard reports, the majority of the staff and workforce have been reappointed and are enthusiastic to be part of a strong new leadership. To assure continuous high-end quality, Moonen Yachts is going to reinforce the cooperation with long-term strategic partners and subcontractors.
Codecasa Shipyards announces the arrival of the hull for the new Codecasa 57 – Hull F81 at their facility in Viareggio. This promising new vessel is beginning to take shape, with delivery anticipated in Autumn 2025.The yacht features a robust steel hull complemented by an aluminum superstructure, powered by twin Caterpillar 3512E engines. With a length of 57 meters, Hull F81 is designed to achieve a top speed of 17 knots under light displacement conditions and boasts an impressive range of 5,000 nautical miles at a cruising speed of 12 knots.Designed to meet the rigorous standards of Lloyd’s Register EMEA, Hull F81 is certified with the Maltese Cross 100 A1, SSC “YACHT” MONO G6, and is fully compliant with the “Red Ensign Group Yacht Code – Part A.”With spacious interiors, the new Codecasa 57 will provide both privacy and comfort for its guests. Notable features include an elevator servicing all decks, leading to a sun deck that boasts a stunning pool with ocean views. The layout includes an owner’s suite and five guest cabins, complemented by a captain’s cabin and six double cabins for the crew.Codecasa shipyard was established in Viareggio in 1825 by the shipwright Giovanni Battista Codecasa. Still run by the founder’s heirs, nowadays the Codecasa Shipyards Group is able to offer a wide range of Yachts, featured by top quality, technologic innovation, reliability, design and comfort. The shipyard is known all over the world as builders of steel and light alloy motoryachts, ranging from 30 to 70 meters LOA.Credits: Codecasa
December 4, 2024
Northrop & Johnson has announced the sale of the Custom Line Navetta 33, Hull 35, facilitated by Yacht Brokers Richard Higgins and Deniz Kayman on behalf of the buyer. The Custom Line Navetta 33 is a semi-displacement yacht currently under construction by Ferretti’s Custom Line brand. Designed by Zuccon, the yacht is RINA classed, featuring a beam of 24 feet (7.5 meters) and a draft of seven feet (2.2 meters). Interior spaces are thoughtfully designed for enjoying life at sea. The main deck includes a spacious lounge and dining area, while the bridge deck offers a lounge that opens to an outdoor area for dining and relaxation. The sundeck serves as the perfect spot for soaking up views, featuring sunpads, a hot tub, and lounge seating. Additional sunpads and seating can be found on the main deck forward, along with an alfresco dining area on the main deck aft, which provides access to the swim platform via stairs.The yacht boasts five staterooms, accommodating up to 10 guests. The main deck features a full-beam master suite, designed for relaxation with stylish amenities and privacy. Four additional guest cabins are located on the lower deck, including two mirrored en-suite staterooms with queen-size beds, a queen stateroom amidships, and a twin stateroom. All cabins are equipped with comprehensive A/V capabilities, including smart TVs and home theater systems.With a cruising speed of 12 knots and a range of 2,000 nautical miles, she can reach a top speed of 15 knots, powered by two 1,400hp MAN diesel engines. To ensure a smooth ride, the yacht is equipped with stabilizer fins for navigation and Zero Speed stabilizers for when she’s at anchor, prioritizing comfort on board.This yacht is scheduled for launch in July 2025.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.Credit: Ferretti Group
December 4, 2024
Technohull’s Omega 47 has received enhancements that elevate its design and functionality. The latest upgrade features a cutting-edge carbon hardtop that embodies the design philosophy of the Alpha models, showcasing an expansive glass windscreen within a sleek, aerodynamic framework. This addition not only enhances the aesthetic appeal but also improves the overall helm experience.Interior upgrades introduce fresh color schemes and combinations that amplify the luxury of the space. With superyacht-level finishes and exceptional comfort, the Omega 47 is now the ultimate vessel for various operational needs.Since its launch in 2021, the Omega 47 has set a new standard in boating, merging advanced technology, performance, and comfort. Crafted in Technohull’s state-of-the-art facilities near Athens, Greece, the updated Omega 47 adopts an ‘Alpha to Omega’ approach, featuring a new carbon hardtop and refined interior design.The innovative hardtop is a testament to Technohull’s design evolution, first seen on the Alpha 50 and recently on the Alpha 40. The full-glass windscreen not only elevates the helm experience but also perfectly complements the Omega 47’s signature silhouette.Beyond aesthetics, the new hardtop design enhances aerodynamics – a crucial feature for the luxurious performance that the Omega 47 is known for. With its patented Dynastream two-step hull design, the vessel can achieve impressive speeds while maintaining exceptional handling and seaworthiness. This performance is bolstered by a top-tier engine configuration, featuring quad 500hp, 4.6-litre V8 Mercury Racing 500R outboards, ensuring an exhilarating yet safe ride.Technohull has also refined the Omega 47’s interior, achieving superyacht-level finishes that emphasize luxury and meticulous attention to detail. Brighter color combinations enhance the sense of space, while the core elements remain intact – featuring a spacious V-berth complemented by a cozy couch and abundant natural light from deck ports, all topped off by a full-height ensuite head and shower.The layout of the Omega 47 includes full walkaround decks and guest areas that comfortably accommodate up to 12 people. The helm area boasts dual rows of shock-absorbing seats, alongside a foredeck cockpit equipped with seating, sunpads, and sun tents supported by carbon poles. The aft cockpit features a luxurious hand-finished leather settee that converts into a large sunpad, while modern amenities like a wet bar with a fridge and espresso machine ensure stylish relaxation on deck. An advanced audio system and ambient LED lighting create the ideal atmosphere for an unforgettable day on the water.The helm position retains its ergonomic design, instilling confidence in the operator. State-of-the-art digital controls provide easy management of all onboard systems. While the new 500R engines deliver exceptional performance, the Omega 47 maintains a versatile transom design compatible with a variety of propulsion options, catering to diverse operational needs. The hull is designed for outstanding performance while ensuring a low planning speed, making the Omega 47 a versatile choice for comfortable cruising, whether as a thrilling day boat, island-hopper, or superyacht chase boat.Greece company Technohull launched its first hull in 2004. The most popular Technohull models of today include: Omega 45, 38 Grand Sport, 909, Explorer 40 and SeaDNA999. Credits: Technohull
December 4, 2024
Asani emerges as a crowning achievement within the Benetti B.Now 50M family, epitomizing a harmonious blend of modernity, functionality, and creative expression. Central to its design is the acclaimed Oasis Deck®, an expansive sanctuary by the sea that boasts up to 116 square meters of space, allowing guests to immerse themselves in the beauty of their surroundings.Every aspect of Asani has been meticulously crafted to manifest the owner's vision of a welcoming, homely, and tranquil ambiance, effectively blurring the lines between indoor and outdoor living. Custom features enhance the yacht's sophisticated design, including a private terrace complete with an outdoor shower, providing an intimate space for relaxation. Generously sized exterior decks offer versatile social areas, highlighted by a stern platform that expands outward and a pool. Inside, opulent materials, bespoke furnishings, and unique artwork curated by the owner, LASS Studio, and Bergman Design House create an exquisite living environment.Main saloonBenetti's commitment to safe and comfortable yachting is exemplified in the B.Now family of steel megayachts, with the Asani standing as a testament to this philosophy. Designed in collaboration with the UK firm RWD, the yacht features elegant and sporty aesthetics, with the Oasis Deck® serving as its centerpiece. This deck provides breathtaking 270-degree views, allowing guests to enjoy the sun and sea breeze while maintaining proximity to the water throughout the day. Advanced construction technologies enable the swift delivery of yachts in this family, achieving timelines approximately 30% faster than industry norms.Main saloonAsani is constructed with a robust steel hull and an aluminum superstructure, extending across four decks with a beam of 9.2 meters and a tonnage under 500 GT. The exterior styling, courtesy of RWD, harmonizes seamlessly with the interiors crafted by Benetti and Bergman Design House. Together with the owner and LASS Studio, they carefully selected materials and suppliers, ensuring a cohesive aesthetic that reflects the ocean's essence.The yacht's interiors are designed to extend the natural beauty of its surroundings, creating a seamless flow from indoor to outdoor spaces. A curated selection of art pieces celebrates both established and emerging artists, with a focus on themes inspired by nature and the sea. Vibrant hues of blue and organic forms contribute to the yacht's tranquil atmosphere, enhancing the overall sense of comfort onboard.One of the standout features of Asani is the remarkable terrace in the owner’s suite, designed for ultimate relaxation. The thoughtful layout respects traditional yachting values while maximizing comfort and functionality. Additionally, Asani is the first in the B.Now 50M series to feature an updated main saloon, providing ample space for entertaining guests.Upper deck The exterior design emphasizes hospitality and tranquility, with expansive decks that facilitate various onboard experiences. Each deck is adorned with bespoke furniture from Interdecor Design, complemented by an outdoor bar to serve guests at any time. The yacht's flowing lines and vertical bow create a dynamic silhouette, enhanced by extensive glazing that fosters a continuous dialogue between indoor and outdoor environments.The design's core philosophy centers on promoting conviviality and connection among family and friends. The Oasis Deck® shines as the heart of outdoor life, featuring fold-out wings to increase space, an infinity pool, and breathtaking views. An inviting beach area, complete with comfortable seating and a bar, further enhances the social atmosphere.Master cabin Moving to the upper deck, guests can enjoy dining at a sheltered outdoor table or relaxing on plush sofas, with a seamless connection to the sky lounge. The spacious sun deck provides additional opportunities for leisure, featuring versatile seating arrangements and a hot tub that offers panoramic views.Asani’s interiors, characterized by a sophisticated neutral palette, were designed by Benetti’s Mauro Izzo and refined by LASS Studio. The yacht is enhanced by a remarkable collection of unique artworks and bespoke furnishings, each piece telling its own story while celebrating craftsmanship.This exceptional yacht, powered by two 1,400 HP MAN V12 engines and featuring a range of 4,500 nautical miles, was recognized for excellence in yacht design at the Monaco Yacht Show 2024. 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
December 3, 2024
Acquera is set to showcase its presence at the Antigua Charter Yacht Show from December 4th to 9th, emphasizing the strategic significance of the Caribbean region. The company has recently bolstered its operations with the opening of new offices and partnerships with esteemed local entities.Ahead of the official show opening, Acquera will host a private event this evening to kick off the Caribbean season, celebrating its regional expansion while providing guests with an in-depth overview of its operations. The event will highlight Acquera's extensive range of services and the capabilities of the AcqueraPro digital platform, aimed at industry professionals.Since its inception in 2018, Acquera has strategically expanded its Caribbean operations, now covering a wide area to offer specialized, continuous services. The Antigua Charter Yacht Show, a premier event since 1971, serves as a vital gathering for superyacht captains, international charter brokers, and marine suppliers.This year, the show will feature over 100 yachts, presenting an exceptional networking platform for Acquera to demonstrate its tailored services designed to elevate superyacht experiences. These services include port operations, customs and immigration assistance, bunkering, technical support, onboard and offshore event planning, bespoke parties, and provisioning through Squisito, Acquera Group's specialized food and beverage brand.Acquera's Caribbean services have been significantly enhanced with new acquisitions and the establishment of offices in Anguilla, St. Maarten, St. Barth, Antigua and Barbuda, Dominica, St. Lucia, and St. Vincent and the Grenadines. The region now also benefits from AcqueraPro, a digital platform that streamlines cruise management and creates personalized itineraries. This platform offers captains, crews, and charter brokers instant access to technical and entertainment information, superyacht marinas, and local specialties via a direct, complimentary promotional channel for products and services.As a leading entity in luxury yachting across the Caribbean, Mediterranean, and Middle East, Acquera has organized a launch event at the Boom Restaurant in Antigua. This gathering will unite managing directors from throughout the Caribbean, key marine industry players, captains, and clients, providing an opportunity to explore Acquera’s offerings and celebrate the commencement of its inaugural Caribbean season.During the Antigua Charter Yacht Show, Acquera will welcome clients and partners at its new office located in the Commercial Center of the Antigua Yacht Club Marina in Falmouth Harbour. This office will act as a hub for strengthening existing partnerships and cultivating new opportunities, further solidifying Acquera’s expanding footprint in the region.Credits: Acquera
December 3, 2024