The successful sale of three new 70-meter GC-Force superyachts from the Admiral fleet by The Italian Sea Group and IYC has set a remarkable record. Michel Chryssicopoulos, IYC's Global Managing Partner, expressed his excitement about the deal, solidifying the relationship that started 12 years ago. Chryssicopoulos will oversee the build processes of these three superyacht projects and has absolute faith in the vision and goals set by Giovanni Costantino and The Italian Sea Group team. The transaction increases IYC's current builds with TISG to seven superyachts, including two 72-meter projects in collaboration with Giorgio Armani.
Raphael Sauleau, CEO of IYC, praised the excellent working relationship with TISG, highlighting the exceptional service and quality of their yachts. The recent sales speak to the dedication and hard work of The Italian Sea Group's team, and Sauleau looks forward to continuing their strong relationship.
The Admiral 70-meter GC-Force superyacht showcases the shipyard's engineering prowess, with the delivery of the three new Admiral GC-Force 70 yachts scheduled for 2026, 2027, and 2028.
Filippo Menchelli, Chairman of The Italian Sea Group, emphasized the significance of the sale as a significant milestone, reflecting the trust owners worldwide place in their organization. The Admiral GC-Force 70 yacht's design, developed by The Italian Sea Group's in-house studio Centro Stile, features elegant lines, expansive deck spaces, and an incredible use of glass throughout. The vessel will offer seven deluxe guest cabins and ten crew cabins upon delivery.
Giovanni Costantino, Founder and CEO of The Italian Sea Group, concluded by confirming their position as a global reference player in the mega-yacht market. The sale represents the validity of their development journey and solidifies their positioning in this dimensional segment.
IYC is one of the world’s largest international yachting companies with over 130 passionate professionals based in 15 strategically located offices around the globe.
The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters.
Credits: IYC