After her technical launch in August 2019, the 182.9-metre Research Expedition Vessel (REV Ocean) has arrived at the Vard Brattvaag shipyard in Norway for the next phase of construction. The vessel ordered by Norwegian 4th richest man, Kjell Inge Røkke, is set to become the largest yacht in the world, beating out the current record holder, the 180-metre Azzam by 1.6 metres.
Photo: Lawrence Hislop via REV Ocean
REV Ocean earlier departed the Vard Tulcea shipyard in Romania, being pulled by the tugboat Kamarina.
Nina Jensen, CEO of REV Ocean, said upon the arrival:
Today is one of the most exciting moments in the development of our research vessel. We now watch with great anticipation as she will develop into a full-fledged and operational vessel with state of the art scientific equipment to be installed by the talented team at Vard Brattvaag. This is a major milestone towards achieving our mission of achieving one healthy ocean.
Photo: Lawrence Hislop via REV Ocean
REV has been commissioned by Norwegian ocean research company Rosellinis Four-10, owned by Norwegian industrialist billionaire Kjell Inge Roekke. His real-time net worth is estimated at $3.2 billion (Forbes). Meanwhile, REV Ocean is a not-for-profit foundation established and funded by Kjell Inge Røkke together with marine biologist Nina Jensen, former CEO of WWF Norway (Verdens naturfond).
Photo: Espen Gjelsten / Fuglefjellet via REV Ocean
The superyacht was designed by Espen Oeino for expedition activities has been built by commercial shipbuilder VARD. The renowned designer also worked on the world's largest expedition superyacht at the moment of writing, the 125-metre Lürssen Octopus.
Photo: Espen Gjelsten / Fuglefjellet via REV Ocean
Her robust exterior lines and modern features ensure she is able to cruise in arctic and tropical areas alike, with a hull built to ICE PC6 for navigation in ice. Two helipads can host drones and helicopter, while overhead cranes can lift and launch equipment weighing up to 20T over the side.
Photo: Lawrence Hislop via REV Ocean
REV Ocean will be equipped for conducting missions that cover the entire global marine ecosystem and will be an inclusive global vessel for testing and proliferating ocean solutions. The vessel will be used by scientists and innovators for solutions-oriented research that explore issues such as the impact CO2 emissions have on the ocean, plastic pollution, and unsustainable fishing.
The vessel is 182.9 meters long and will have the capacity of holding 55 scientists and 35 crew. Equipment on-board includes scientific trawls, sonar systems, laboratories, auditorium, moonpool, Triton submarine with 2,300-metre depth capacity, an ROV with 6,000-metre depth capacity and advanced communication equipment.
Photo: Lawrence Hislop via REV Ocean
The vessel will be constructed to run on diesel electric engines, with an additional 3MW lithium-ion battery pack for peak shaving and ensuring optimum efficiency. She will also qualify for the Polar Code adopted by The International Maritime Organisation for ships operating in Arctic and Antarctic conditions and can operate autonomously for 114 days.
Built for environmental research missions, the Research Expedition Vessel (REV) will also be available for charter for recreational purposes and expeditions.
Photo: Espen Gjelsten / Fuglefjellet via REV Ocean
George Gill, Project Director and Owners Representative, said:
REV’s arrival in Brattvåg is a crucial step in her development, she will lay here in Norway for the coming months, and this establishes the core groundwork for the research and operations of the vessel. Getting these important systems and her keystone machinery right is critical to her success and position within the Worlds research fleet.
Photo: Espen Gjelsten / Fuglefjellet via REV Ocean
Oystein Mikelborg, REV Ocean Operations Director, added:
The arrival in Brattvåg is a major milestone and a new chapter for REV Ocean. In the next few months, VARD Brattvaag will turn this into one of the world’s most advanced research vessels. The complexity and sheer scale of the work ahead is challenging, and I know it will be very busy days ahead both for the yard and the Owner’s team.
Photo: Espen Gjelsten / Fuglefjellet via REV Ocean
The vessel shall remain at the shipyard for eight-month outfitting, further headed to Germany for final stages of construction. The full completion is scheduled for late 2020/ early 2021.
Riva has expanded its Destinations collection with a new lounge at Hotel de Mar Gran Meliá in Mallorca, officially opened on May 15. The venue combines Riva’s signature yacht styling with the hotel’s Mediterranean hospitality, featuring mahogany, ribbed maple, and steel finishes alongside iconic Aquariva lamps and Aquarama chairs.The lounge includes an indoor dining area and a sea-view terrace, complemented by a private Riva Privée area. Guests can charter a Rivamare yacht for coastal exploration, sunset aperitifs, or private dining.Located on Mallorca’s Illetas coastline, Hotel de Mar – designed by architect José Antonio Coderch – joins Riva Destinations’ existing lounges in Venice, Monte Carlo, Paris, and Jeddah. The opening event was attended by local celebrities, officials, and high-profile guests.No further expansion plans for additional Riva Destinations were disclosed. The lounge is now operational for hotel guests and external visitors.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
May 16, 2025
Feadship has completed its first two transactions through its recently launched Feadship Resale service. The sales include the 75.75-meter ONE (2025), co-listed with Edmiston and sold via Burgess as buying broker, and the 83.50-meter Savannah (2015), also co-listed with Edmiston.SavannahThe Dutch shipyard established Feadship Resale in late 2024 to leverage its technical expertise and historical build data in the brokerage market. The division currently represents six Feadship-built yachts, including the newly added 57.60-meter W."For years, owners have asked us to help sell their yachts," said Arjen van Elk of Feadship Resale. "We always directed them to brokers, but now we can offer something far more comprehensive. We know the yachts inside out – we built them."ONEThe service operates exclusively upon owner request and maintains collaborative relationships with established brokerage firms. Feadship emphasizes its role as a technical consultant rather than a direct competitor to traditional brokers, offering build specifications, maintenance records, and engineering insights to facilitate transactions.SavannahMarket response has been immediate, with multiple owners approaching Feadship directly to list their vessels. The shipyard attributes this to client confidence in its institutional knowledge of Feadship-built yachts.ONEThe Resale team now focuses on expanding its portfolio while assisting prospective buyers and sellers. No financial details were disclosed regarding the completed transactions. Feadship confirms the service will remain exclusive to yachts built by the consortium, with no plans to represent third-party vessels.The division's launch reflects growing demand for technical transparency in the superyacht secondary market, particularly for complex vessels exceeding 50 meters. Feadship's move follows similar manufacturer-backed resale programs emerging in the luxury marine sector.SavannahWith ONE and Savannah sales finalized, Feadship Resale prepares to handle additional transactions through 2025. The shipyard reports strong interest from both repeat clients and new buyers seeking verified build quality and maintenance history.Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
May 16, 2025
CL Yachts has revealed its new CLB65 SUV model, a 19.7-meter sport yacht set to make its global premiere at the 2025 Sanctuary Cove International Boat Show in Australia. The announcement comes as the brand's existing CLB65 model completes its tour of major boat shows across Asia-Pacific and North America.The SUV variant maintains the B-Series' functional elegance while introducing enhanced versatility for owner-operators. Power options include twin Caterpillar C18 or Volvo Penta D13 diesel engines, both capable of reaching 30 knots. The yacht features a ZF JMS boat control system for simplified docking and offers certification options between RINA Hull Construction and CE Category B Class standards.Designed by Hong Kong-based Supertomato Studio, the interior presents two décor schemes in walnut or white oak. The full-beam master stateroom incorporates dual hull-side windows and walnut finishes, while the VIP cabin includes a skylight. A convertible guest cabin adapts between twin and single bed configurations.Social areas emphasize fluid indoor-outdoor connectivity, with a flip-up window linking the galley to the aft deck's electric grill and bar seating. The salon features expansive glazing, a pop-up rotatable TV, and optional sunroof ventilation. A multifunctional stern area serves as either a beach club or fishing platform, with stabilization available via fins or gyro systems."Coming at the very peak of the yachting season, we are so excited to unveil our CLB65 SUV to the industry," stated CL Yachts. CL Yachts’ goal is to offer unparalleled experiences to the modern explorer. The luxury performance brand stands apart from its competitors thanks to its unique approach to design – driven by CL Yacht’s core value of innovation. Fusing progressive design with engineering prowess and state-of-the-art technology, every element of CL Yachts’ vessels are meticulously geared to steer luxury into uncharted territories.Credits: CL Yachts
May 16, 2025
Royal Huisman has commenced work on Project 412, an 80-meter-plus sailing yacht for a repeat client. The full-aluminum vessel will rank among the largest sailing yachts built by the Dutch shipyard when completed.The yacht features a carbon rig supplied by Rondal, designed for performance sailing and global circumnavigation. While exterior details remain confidential, the project continues Royal Huisman's specialization in large-scale sailing superyachts.Jan Timmerman, CEO of Royal Huisman, stated: "We are honored to embark on this new super-sized sailing yacht project for a returning owner. Project 412 promises a true sailing experience while offering a distinctive and sustainable alternative to large powerboats."The construction reinforces Royal Huisman's position in the XXL sailing yacht segment. No delivery date or additional specifications were disclosed. The yard currently has multiple large sailing projects in progress at its Netherlands facilities.Project 412 will join Royal Huisman's portfolio of custom sailing superyachts, which includes several of the world's largest sailing vessels. The commission demonstrates continued demand for performance-oriented sailing yachts in the 80-meter-plus range.Royal Huisman is a Dutch shipyard established in 1884 in Ronduite, building and refitting custom luxury sailing and motor yachts at its shipyard in Vollenhove, the Netherlands.Credits: Royal Huisman
May 15, 2025
Sanlorenzo S.p.A. announced its Q1 2025 financial results, reporting €213.5 million in net revenues from new yacht sales, a 9.6% year-over-year increase. The company's EBITDA rose to €37.0 million (+8.5% YoY), while net profit reached €21.2 million (+8.0% YoY).The Superyacht Division grew by 10.4%, and Nautor Swan contributed €23.8 million in revenues. Geographically, the Americas saw a 40.6% increase, while Europe grew by 8.6%. The company’s backlog stands at €1.2 billion, with 89% of orders sold to final clients and deliveries scheduled through 2028.EBITDA margin slightly decreased to 17.3% (from 17.5% in Q1 2024), attributed to the Nautor Swan acquisition. Excluding this effect, profitability would have improved. EBIT increased by 4.2% to €26.8 million, maintaining a 12.6% margin.Net financial position shifted to -€28.1 million due to seasonal working capital needs ahead of the Mediterranean delivery season (May-July). The company also repurchased €3.7 million in treasury shares and acquired 60% of AF Arturo Foresti S.r.l. for €0.7 million.Order intake in Q1 2025 reached €178.1 million (+5.9% YoY), reinforcing confidence in the Sanlorenzo, Bluegame, and Nautor Swan brands. The company confirmed its 2025 guidance, citing strong demand with waiting lists extending to 2028.Massimo Perotti, Chairman and CEO, stated: *"Our business model – unique in the international yachting landscape – continues to deliver excellent profitability and long-term visibility. We are reinforcing leadership in the 30 to 50-metre segment, supported by a sophisticated client base and semi-custom production."*Perotti noted that only 5% of revenues come from yachts under 30 meters, minimizing exposure to potential U.S. tariff risks. The company remains optimistic about sustainable growth and value creation.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
May 15, 2025