Recently, many world’s marinas have gone through deep restructuring to strengthen their offering and compete for superyachts' attention. At the core of this pivotal moment for yachting infrastructure, however, stood Porto Montenegro, one of the first purpose-built superyacht hubs. During the MYS 2019, the plans for further development of one of the 10 most stunning European superyacht marinas got revealed.
The project of Porto Montenegro dates back to 2007, when Peter Munk, a Hungarian-born Canadian businessman purchased a site in Montenegro for €23 million, with the purpose of building a superyacht marina that would rival mainstream destinations. With backing from LVMH Chairman, Bernard Arnault, Russian oligarch, Oleg Deripaska and Lord Jacob Rothschild, the Barrick Gold founder set out to develop the largest private-sector investment in the country.
Located near the coastal city of Tivat, Porto Montenegro's ambition was to become a homeport for some of the world's largest yachts by providing their crew and visiting owners with high end facilities. The development also included the construction of a strong ecosystem around the marina with condos, restaurants and a five star hotel.
Over its several years of development, Porto Montenegro caught the eye of new investors and in May 2016 it was confirmed that the development was acquired the Investment Corporation of Dubai, the city-state's investment arm.
Currently, Porto Montenegro has 450 berths for yachts from 12 to 250 meters in length (with a capacity to expand to 850 berths), 300 sold-out luxury apartments, as well as 60 units of ground floor retail with restaurants, bars, cafes, shops and amenities and a five-star Regent Hotel with over 130 luxury suites and apartments.
During a private event at the Monaco Yacht Show 2019, Porto Montenegro announced it was going to invest over €500 million in further development and new projects on site over the next 10 years.
Danilo Kalezic, Senior PR and Marketing Manager at Porto Montenegro, stated:
We are currently only building on 30 percent of a vast 24 hectares that once belonged to the Arsenal, a former Yugoslav naval base. To date, we have invested €500 million and I believe that in the next 10 years, we’ll invest additional €500 million to develop half of the remaining land. This is difficult to predict because the site study is still being adopted but we’re on the right track.
He also emphasised, that the Porto Montenegro village has been transforming from a summer destination to a year-round regional lifestyle-centre and multi-faceted business hub.
What is more, in 2019 the Regent Pool Club Residences, consisting of apartments and penthouse suites, positioned adjacent to the five-star Regent Porto Montenegro hotel, was completed. The space contemporary design with elements of Venetian and Italian aesthetics, by London’s WATG Architects and MHZ Paris.
In addition, the managers reported the summer season 2019 to be one of the most successful ever for Porto Montenegro. The village hosted such top-level events as the first RC44 regatta, the Gigayacht Captains Forum, the Sunreef Yachts rendezvous and Gumball3000 supercar rally, along with music, fashion and wine festivals.
Danilo Kalezic expressed on the high number of yachts and residential clients:
All berths for yachts under 30 metres were fully occupied this summer and overall occupancy was 11.5% higher compared to 2018. In the winter season, we recorded a 10.5% increase compared to last year.
Alongside continued upgrades to Porto Montenegro Yacht Club, the village also embraces new business dimensions, offering co-working spaces and new office hubs. In 2019, Porto Montenegro also welcomed its first family office for new business residents, with Monte Carlo Yachts, Beneteau, and Sunreef Yachts among them.
Meanwhile, Damen, the Dutch group behind Amels, has entered into a contract with Adriatic Marinas and the government of Montenegro to develop a superyacht repair and refit facility in a former shipyard in Bijela, Boka Bay. It is expected to become fully operational in 2021.
Sanlorenzo has unveiled Casa Sanlorenzo, a new 1,000 square meter arts venue housed within a restored 1940s palazzo overlooking Venice's Santa Maria della Salute basilica. The project includes 700 square meters of exhibition space and a 600 square meter garden, featuring the company's contemporary art collection dating from 1965 to present.Architect Piero Lissoni led the restoration, preserving original brick facades and flooring while introducing contemporary elements. Notable features include a glass-and-steel staircase and an adaptive lighting system designed to accommodate changing exhibitions. The space connects to surrounding areas via a new bridge constructed from prefabricated metal with Istrian stone treads and oar-inspired handrails."I believe the opportunity to build a bridge in Venice for Sanlorenzo Arts is more unique than rare," stated Piero Lissoni. "This bridge is not simply a vehicle to transport people, but a cultural bridge."The venue will serve as an official location for Venice Climate Week from June 4-6, hosting the "Sanlorenzo Talks" series on ecological transition and sustainable innovation. The palazzo's restoration maintained all original load-bearing structures while updating mechanical systems and creating flexible gallery spaces.Casa Sanlorenzo's art collection reflects postwar artistic movements, with works displayed against white walls and alternating concrete and Palladian stone floors. The property combines exhibition areas with a private residential apartment, representing Sanlorenzo's integration of marine craftsmanship, design and contemporary art patronage.The bridge's design incorporates traditional Venetian elements including a humpback shape reminiscent of medieval structures and specialized anti-slip stone treatment. Its metal components feature weather-resistant finishes suitable for the lagoon environment. The project required 18 months of restoration work before opening to the public.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
June 4, 2025
Benetti has completed the slipway launch of the 44-meter Fortitude1, the largest fiberglass yacht in its Class 44M series built at the Viareggio shipyard. The vessel, designed by Cassetta Yacht Designers, represents a repeat order from an existing client.The launch ceremony utilized the yard's historic inclined slipway, maintaining traditional Italian shipbuilding methods. The yacht will now enter final outfitting with delivery scheduled for summer 2025."Benetti is synonymous with quality, heritage, and innovation, and that is why the Owner has chosen us once again," said Daniela Petrozzi, Benetti's Sales Director.Fortitude1 features expansive glazing throughout to maximize natural light, with white marble flooring on the main deck. The design includes a panoramic sky lounge, beach club area, and a custom forward sunpad on the upper deck tailored to the owner's specifications.The exterior maintains the Class line's signature proportions while incorporating owner-requested modifications. The interior layout emphasizes social spaces and indoor-outdoor connectivity, with particular attention given to the main deck aft area designed for entertainment.As with all Benetti's fiberglass models under 500GT, the yacht combines the shipyard's technical expertise with customized solutions for individual owners. The project demonstrates Benetti's continued capability in mid-sized yacht construction at its Viareggio facility.No specific technical specifications were released, though the design focuses on optimizing space and comfort within the 44-meter footprint. The launch follows Benetti's standard construction protocol for this series, with sea trials expected to begin in early 2025.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
June 4, 2025
Team Abu Dhabi, featuring Riva Classiche branding and piloted by ten-time Formula 1 Powerboat champion Guido Cappellini, has set a new record in the Pavia-Venice 2025 International Powerboat Raid. The team completed the 400 km inland waterway course in 1 hour, 41 minutes, and 45 seconds, achieving an average speed of 207.26 km/h.The performance breaks the previous 2005 record of 1 hour, 44 minutes, and 45 seconds (203.34 km/h) held by Dino Zantelli. Earlier records include Serafino Riva's 1931 outboard category achievement of 51.660 km/h.The collaboration between Riva and Cappellini dates to 2005 when the champion set an undefeated world water speed record on Lake Iseo near Riva's Sarnico shipyard. The latest record continues this legacy of technical performance in powerboating.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.Credits: Ferretti Group
June 3, 2025
Italian shipyard Cantiere delle Marche (CdM) has launched its new flagship, the 47-meter RJ155 explorer yacht, marking the largest vessel to date from the Ancona-based builder. The launch follows the successful delivery of two RJ115 models (Stellamar and Pazienza) and the original RJ130 (now named Nuri).Designed by Francesco Paszkowski with interiors by Achille Salvagni, the RJ155 features a steel hull and aluminum superstructure. Naval architecture by Pierluigi Ausonio incorporates twin Caterpillar C32 Acert EPA Tier 3 engines, providing a 5,000+ nautical mile range at 10 knots. The yacht carries 66,400 liters of fuel and utilizes CMC Marine stabilizers.Accommodation spans five suites for 12 guests, including an owner's cabin with private gym. Storage includes a large lazarette for toys and tender capacity. The design emphasizes indoor-outdoor connectivity through extended overhangs and shaded terraces."We're honored a returning client chose to upgrade from an RJ130 to this larger model," said Vasco Buonpensiere, CdM CEO. The RJ series has received industry recognition, with both RJ115 models winning World Superyacht Awards in 2024 and 2025.At 510 tons displacement and under 500 GT, the RJ155 maintains CdM's focus on expedition capabilities while expanding interior volume. The project represents the shipyard's continued specialization in long-range explorer yachts."Nothing speaks louder than a satisfied client who comes back," added Ennio Cecchini, CdM President. The RJ155 is scheduled for delivery following sea trials.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
June 3, 2025
Florence-based Luca Dini Design & Architecture has completed interior design work for Ada Yacht Works' inaugural 50-meter superyacht, launched this week in Bodrum. The Turkish shipyard's flagship project features contemporary Italian styling with smoked oak paneling and polished white finishes."Interior design comes courtesy of Luca Dini Design & Architecture, who bring their signature blend of elegance, comfort, and contemporary Italian flair," stated Ada Yacht Works CEO Onur Tekin. The design incorporates Foglizzo leather details and furnishings from Poltrona Frau and Minotti. "We envisioned a yacht interior that feels timeless, welcoming, and true to its maritime context," said Luca Dini. "This is a space meant to be lived in, where materials not only express beauty but endure with grace."The yacht will begin sea trials shortly, with delivery scheduled for summer 2025. The project represents Ada Yacht Works' entry into the 50-meter-plus market segment.Credits: Luca Dini Design & Architecture
June 3, 2025