Yacht transportation company Peters & May has released a statement regarding the loss of the 39.6-metre Baltic 130 custom sailing yacht My Song. Owned by Pier Luigi Loro Piana, the vessel headed to the Loro Piana Superyacht Regatta, slipping from Peters & May’ cargo ship into the Mediterranean on May 26.
On May 28, Peters & May stated they were continuing attempts to salvage the yacht with the help of Brattingsborg's captain and third-party salvors.
The initial investigation results assess that My Song might have fallen due to the collapse of her cradle during transportation.
In the official statement, Peters & May CEO David Holley has claimed:
We would not normally comment on cargo incidents but given the high-profile nature of this yacht and the media interest, we feel that we need to formally give some clarification. There are several individuals passing judgement on what may or may not have happened and we will attempt to offer some clarity, albeit at an early stage of the investigation. Our reputation is second to none and we will not have it tarnished by unqualified individuals passing judgement without facts in hand. I will add that I am disappointed that confidential photographs were leaked to the media.
We were informed of the loss of a yacht from the deck of the MV Brattingsborg at approximately 04:00hr LT on 26th May 2019. The yacht is sailing yacht My Song. Upon receipt of the news, Peters & May instructed the captain of the MV Brattingsborg to attempt salvage whilst 3rd party salvors were appointed. The vessel maintained visual contact with My Song until the air and sea search was initiated. As of 09:00hr BST on 28th May 2019, the salvage attempts are still ongoing. To ensure the safety of the remaining yachts, Peters & May have instructed the carrying vessel to continue her planned voyage to Genoa. No other yachts have been affected by this incident.
A full investigation into the cause of the incident has been launched, however the primary assessment is that the yacht’s cradle (owned and provided by the yacht, warrantied by the yacht for sea transport and assembled by the yacht’s crew) collapsed during the voyage from Palma to Genoa and subsequently resulted in the loss of My Song overboard. I will add that this is the initial assessment and is subject to confirmation in due course.
As a leading yacht transporter for the past 40 years, we take great pride in what we do and go above and beyond all standard operating procedures to ensure safe transit of all yachts carried by us. We have procedures in place to respond to this kind of incident, although we hope that they are never required.
This incident is more than regrettable, however, the transport of yachts on cargo vessels continues to be one of the safest and most cost-effective solutions when carried out by a reputable company such as Peters & May.
More information will be made available in due course but in the meantime, I request that everyone respects the sensitivity of this issue to all parties concerned.
The winner of last year's Loro Piana Rehatta, My Song’s crew set a new speed record during the RORC Transatlantic Race last December. The journey of 3,000 nautical miles from the Canary Islands to Grenada took 10 days, 5 hours, 47 minutes and 11 seconds for the crew — almost 1 hour and 20 minutes less than the previous record holders in 2015. Sails, rising on the 56-meter mast, accelerated My Song to 30 knots.
Italian marine manufacturer MED Group will debut its TYKUN X chase boat at the Monaco Yacht Show from September 24-27, 2025. The 10.5-meter aluminum vessel, designed by Tommaso Spadolini, will showcase at stand QA34.The chase boat utilizes twin 400 HP Mercury Verado V10 engines to achieve speeds exceeding 50 knots. Its aluminum hull construction derives from MED Group's defense sector experience through its MED DEFENSE division, which supplies NATO-qualified vessels to security agencies.Design features include a carbon fiber hardtop and lateral terrace configuration intended to enhance passenger access to marine environments. The layout allows customization of materials, color schemes, and electronic systems according to client specifications. Storage capacity accommodates water toys including Seabobs and paddleboards.MED Group CEO Marco Galimberti stated the model represents years of development combining military-grade engineering with superyacht requirements. Designer Tommaso Spadolini emphasized the vessel's focus on both performance characteristics and practical functionality.The TYKUN X targets superyacht owners and operators seeking high-performance support vessels with proven seaworthiness characteristics. MED Group will demonstrate docking capabilities and maneuverability features during the exhibition.The chase boat segment shows growing demand for specialized tenders combining functional requirements with recreational amenities. MED Group's entry leverages existing naval architecture experience while incorporating design elements tailored to luxury yacht operations.Production will occur at MED Group's Italian facilities, with delivery timelines to be confirmed following the Monaco presentation. The company anticipates interest from both private owners and commercial yacht operators requiring robust support vessels capable of high-speed operations.Credits: MED Group
September 8, 2025
Azimut has launched the Magellano 27M, a 27-meter yacht representing the third generation of its Voyager series. The design features exterior work by Jarkko Jämsén and interior spaces by AMDL CIRCLE & Michele De Lucchi, marking the architecture firm's first marine project.The yacht incorporates a loggia-style main deck with full-height glazing designed to create visual connection with marine environments. The exterior design emphasizes clean lines and curved surfaces intended to reflect light and water movements. Jämsén's approach focused on reducing visual elements to create what the designer terms a "bare shape" that integrates with natural surroundings.Interior spaces utilize light wood finishes and architectural elements inspired by Mediterranean patio designs. The layout prioritizes natural illumination through extensive glazing, with wooden structural components serving both functional and aesthetic purposes. The design team treated natural light as a structural material throughout the living spaces.Technical specifications include long-range cruising capabilities consistent with the Magellano series' explorer yacht positioning. The vessel maintains Azimut's dual-mode hull design, offering stability in various sea conditions while maintaining fuel efficiency during extended voyages.The Magellano 27M accommodates owners focused on extended cruising rather than seasonal Mediterranean use. Interior configurations emphasize connection with external environments while maintaining privacy requirements during long-term onboard living.The yacht represents Azimut's continued development of its Voyager series, which targets owners seeking transoceanic capabilities combined with contemporary design aesthetics. The collaboration with architectural firm AMDL CIRCLE introduces new design approaches to marine interiors, particularly in the treatment of natural light and spatial organization.Production will utilize Azimut's existing manufacturing facilities, with the Magellano 27M positioned as the new flagship of the Voyager line. The yacht is scheduled for public presentation during the 2025-2026 boat show season following initial client deliveries.The Magellano series now spans multiple size categories, with the 27M model representing the largest current offering in Azimut's explorer yacht range. The company continues to develop both motor yacht and explorer segments simultaneously across its product portfolio.Credits: Azimut
September 8, 2025
Project Tanzanite, a 120-meter Amels Full Custom superyacht, has reached the next stage of construction following her launch at the Damen Yachting facilities in Vlissingen. At 6,083 GT, she is the largest new build completed by Amels to date.The yacht first entered the Netherlands in June 2023, arriving from Damen Yachting’s hull building facility in Galati, Romania, where the hull had been constructed. Since then, she has been prepared for outfitting at the shipyard’s facilities in Vlissingen City. In the weeks leading up to the launch, Project Tanzanite was floated inside the dock before moving into open water.With the yacht now in Vlissingen for the final phase of work, more than 1,000 people, including Damen Yachting teams and members of the international superyacht supply chain, will contribute their expertise over the next year. Completion is scheduled for 2026.Project Tanzanite is a one-off Amels Full Custom design. The exterior is by Espen Øino, while details about the interior remain undisclosed. Damen Yachting provided the naval architecture for the project.Key figures for the yacht include a length of 120 meters (394 feet) and a gross tonnage of 6,083.Credits: Amels
September 5, 2025
Ferretti Group will present six world premieres at the Cannes Yachting Festival 2025, held September 9–14, alongside a fleet of 25 yachts. The debuts include models from Ferretti Yachts, Itama, and Riva: the Ferretti Yachts 800, Itama 54, Riva Aquariva Special, Riva Cento, Riva 58’ Capri, and Riva 112’ Dolcevita Super. These will be joined by the Ferretti Yachts 940 and Pershing GTX70, introduced earlier this year in Venice. Wally will also be present with the wallywind110 in the sailing section at Port Canto.The Ferretti Yachts 800, designed with Filippo Salvetti and Ideaeitalia, measures 24.47 meters in length with a beam of 5.91 meters. It offers large windows, an optional salon sliding door, and a 40-square-meter flybridge. Powered by MAN V12 engines, it reaches up to 31 knots.The Itama 54, styled by Tommaso De Luca, features a double-cockpit layout with seating for 10, extended side glazing, and a lower deck with two cabins. Its LOA is 16.44 meters with MAN engine options up to 850 hp.The Riva Aquariva Special updates the long-standing Aquariva line with new navigation lights, redesigned windscreen, and expanded swim platform while maintaining analogue helm instrumentation. It measures 10.07 meters and reaches 41.5 knots.The Riva Cento, marking the 100th Rivamare, introduces new color options, integrated stern handrail, and a convertible interior dinette. With an LOA of 11.88 meters, it is powered by twin Volvo Penta engines.The Riva 58’ Capri is an evolution of the 56’ Rivale with three cabins, a fixed hardtop, and garage options for tenders and water toys. Its length is 17.27 meters with speeds up to 37 knots.The Riva 112’ Dolcevita Super, at 34.37 meters, features fold-out terraces in the stern, redesigned flybridge, and two interior layout options. Twin MTU engines deliver speeds of up to 25.5 knots.Also on display are the Ferretti Yachts 940, a 28.97-meter widebody yacht with five cabins and floor-to-ceiling glazing, and the Pershing GTX70, a 21.76-meter model with expanded exterior areas and a sundeck split into three zones.Ferretti Group’s presence at the show will be accompanied by a range of luxury partners including Range Rover, Flexjet, Dolce & Gabbana, Frette, Venini, and Lavazza, among others.Credits: Ferretti Group
September 5, 2025
Sanlorenzo S.p.A. announced consolidated financial results for the first half of 2025, reporting €454.1 million in net revenues from new yacht sales, representing a 9.4% increase compared to H1 2024. EBITDA reached €80.5 million, an 8.5% year-over-year increase. The company maintained a robust order backlog of €1.44 billion, with 93% of orders already sold to final clients.Chairman and CEO Massimo Perotti stated: "The first half of 2025 reflects the resilience of Sanlorenzo, the strength of our brand, and the timeless desirability of our yachts. Even in a global environment marked by trade tariff uncertainty and broader macroeconomic pressures, we have delivered stability and measured growth."Order intake increased 29.9% to €419.5 million, driven particularly by strong demand for yachts exceeding 30 meters. The net backlog stood at €985.2 million as of June 30, 2025, providing approximately one year of revenue visibility.Regional performance showed Europe accounting for 58.8% of revenues (€267.1 million, +15.4% YoY), Americas contributing 21% (€95.3 million, +38.6% YoY), APAC at 12% (€54.4 million, +5.8% YoY), and MEA representing 8.2% (€37.3 million, -41.3% YoY).Division performance varied: Superyacht Division revenues increased 10.2% to €137.1 million, while Yacht Division declined 6.6% to €225.8 million primarily due to market conditions below 30 meters. Bluegame Division decreased 10.9% to €43.6 million, and Nautor Swan Division contributed €47.5 million since its 2024 acquisition.The company reported net profit of €46.6 million, a 7.0% increase from H1 2024. Net working capital remained positive at €86.6 million, though inventories increased to €186.7 million due to production ramp-up and distribution hub expansion.Sanlorenzo confirmed its 2025 financial guidance, citing strong product pipeline including three new yacht debuts at the Cannes Yachting Festival and the upcoming delivery of the 74Steel model. The company continues to focus on yachts under 2,000 GT where it believes the risk-return profile remains most favorable.Sustainability initiatives progress includes development of bi-fuel green methanol propulsion technology, though the launch timeline for the 50 X-Space project has been adjusted to align with expected infrastructure availability toward the end of the decade.The company maintains its net financial position with €8.3 million net debt as of June 30, 2025, following dividend payments of €34.7 million and €11.1 million share buyback program execution during the period.Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 73 meters in length. Credits: Sanlorenzo
September 5, 2025