70% of companies in the yachting sector describe themselves as leading according to a study performed by Yacht Harbour on a sample of over 100 companies. It can therefore be hard for customers to differentiate at first glance the real financial position of companies and their scale.
Following a very active past 20 years in the mergers and acquisitions space in the yachting industry, some behemoths have emerged, controlling a large portion of the market and shaping the industry moving forward. Some high-profile individuals and corporations have also become involved in the superyacht industry in recent years. We have therefore investigated some of the most powerful corporations and individuals in the yachting space.
Dalian Wanda Group
Princess AVK
Annual revenue: $39.47 billion (2014)
Chairman & Founder: Wang Jianlin
Brands: Sunseeker
Largest commercial real estate operator in China and world's largest cinema chain operator, Wanda Group was founded in 1988 by Wang Jianlin. The company has today 634 billion yuans in assets and manages over 26 million square meters of hotel property. In 2013, the company decided to purchase UK-based yacht manufacturer, Sunseeker.
Having gone through losses of 9 million pounds in 2009, Sunseeker restructured its debt and was taken over by FL Partners, an Irish private equity company. Sunseeker was sold in 2013 to the Wanda Group for around 300 million pounds according to the Financial Times.
LVMH
Symphony - © Feadship Fanclub
Annual revenue: $35.6 billion (2015)
Chairman & CEO: Bernard Arnault
Moet Hennessy Louis Vuitton, better known as the French luxury goods conglomerate, LVMH, is perhaps not so surprisingly also a player in the superyacht industry. In 2008, L Capital, the company's investment arm, purchased Princess Yachts in a deal worth 200 million pounds according to Reuters, with support from the Calyon investment bank.
Later that year, the conglomerate strengthened their position in the company with the purchase of Royal Van Lent, part of the Feadship organization, for a reported sum between 200-400 million euros. In 2007, Royal Van Lent had posted sales of 100 million euros.
Gavio Group
Fast - © Baglietto
Annual turnaround: €2.2 billion (2012)
Gruppo Gavio, a large Italian corporation whose main business lies in motorway concessions with the company operating over 1400 kilometers of motorways in Italy, also has interests in the yachting industry. In 2012, Bejamino Gavio led an acquisition of the iconic Italian Baglietto shipyard for a sum of €18.5 million. The shipyard had been through some rough waters during the financial crisis resulting in 73 million euros of negative equity in 2009.
The group further consolidated its position in the sector by purchasing Cerri Cantieri Navali, a few months before the Baglietto deal, and by later acquiring US-based Bertram in 2015.
Privinvest Group
Siren © Yacht Harbour
Current owners: Akram & Iskandar Safa
Privinvest Group is one of Europe's largest maritime corporations which is involved in naval manufacturing and is also involved in the superyacht industry. Founded by the Safa brothers, Privinvest purchased Constructions mécaniques de Normandie (CMN) based in Cherbourg, France in 1992. The company then managed to turn around the fledging shipyard with new orders from the Middle East according to the Independent.
In 2007, the group funded 30% of the Abu Dhabi MAR company which ventured into shipbuilding through ADMShipyards and worked on the 141-meter Yas. In 2009, Privinvest continued to consolidate its position in the sector by acquiring German shipyard Nobiskrug.
Azimut-Benetti Group
I Dynasty © Superyachts Monaco
Maximum recorded asset net worth: €300 million (2011)
Current owner: Paolo Vitelli
Brands: Benetti, Azimut
Azimut was established in the early 1970s by Paolo Vitelli as a dealership of Amerglass boats. The company then evolved into yacht manufacturing by building its first 43ft boat. It later delivered Failaka, the first 30-metre fibreglass yacht ever built, to a Kuwaiti prince. In 1985, Azimut took over the Fratelli Benetti boatyard in Viareggio, setting the roots for the group. The company later started collaborating with young designer, Stefano Righini, which would bring the Azimut lines the company is known for today.
The company acquired the Gobbi shipyard in 2001 which now produced the group's Atlantis range from 10m to 18m. In 2004, the group acquired Fraser Yachts, a large yacht brokerage company. It later developed Marina di Varazze and the Royal Yacht Club in Moscow. By 2011, the group's net assets grew to €300 million according to this presentation with a turnover of €600 million, a significant cut on its €1 billion turnover in 2008 according to the Financial Times.
Ferretti Group
Chopi Chopi © Yacht Harbour
Maximum recorded value: €1.5 billion (2007)
Current owners: Weichai Group, Royal Bank of Scotland
Ferretti was established in 1968 as the first marine division of Alessandro and Norberto Ferretti's family business. In 1971, the company delivered its first wooden motor-sailer and by 1982 it began producing boats for sport fishing with a flybridge. By 1996, the group decided to expand into a larger range and set up Custom Line, a division meant to operate in the growing 26-40m range. In following years, the company multiplied acquisitions buying CNA in 1998, CRN in 1999, Riva in 2000, Mochi Craft in 2001 and Itama in 2004.
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales. As a result, the Group had to restructure debt and its creditors, led by the Royal Bank of Scotland, converted a portion of their €1.2 billion debt into equity according to Bloomberg.
Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.
Vagit Alekperov
Galactica Super Nova - © Dick Holthius
Net worth: $11.1 billion (2016)
Brands: Heesen Yachts
Mr. Vagit Alekperov is currently considered to be Russia's 9th richest man according to Forbes. In May 2015 it became known that the head of Lukoil, Russia's largest independent oil company, is the current owner of Heesen.
In 2008, Mr. Alekperov purchased Heesen Yachts from founder, Frans Heesen, for a reported sum of 100 million euros. The shipyard posted profits of €5.2 million in 2013 according to Forbes Russia.
In March 2016, Heesen launched its newest flagship, the 70m Galactica Super Nova (Project Kometa) which was built for Mr. Alekperov according to Dutch publication, Quote.
Mohammed Al Barwani
Turquoise - © Ocean Independence
Net worth: $1.2 billion (2015)
Energy tycoon, Mohammed al-Barwani made his wealth investing in oil, gas, minerals and manufacturing. In 2010 he however decided to purchase Dutch shipyard, Oceanco from Greek shipping magnate, Theodore Angelopoulos. First company to build spa pools on superyachts, Oceanco has much benefited from the hands-on approach of Al Barnawi delivering the beautiful Nirvana for Russian billionaire Potanin as well as expanding its facility to be able to construct yachts up to 160 meters.
In December 2013, al-Barwani further consolidated his position in the industry, purchasing Turkish yacht manufacturer, Proteksan (now Turquoise Yachts), which was struggling following the highly publicized sinkage of M/Y Yogi.
The second hull of the Wallyrocket51 racing yacht sustained damage after being knocked from its cradle during strong winds at Cantiere Rossini in Pesaro on the evening of 20 August.Images of the incident, showing the boat on its side with a broken mast, circulated online and led to speculation regarding their authenticity. Commentators questioned the extent of the damage and the setup of the cradle, with some suggesting a storm had caused the accident.Alfonso Postorino, director of Cantiere Rossini, confirmed the cause. “First of all we are glad that nobody was injured,” he said. “The boat fell down when hit by a strong wind, with gusts above 50 knots, that caused several serious damages all around the city of Pesaro.”Postorino explained that the yacht was resting on a cradle supplied by the owner and noted that high-performance sailing boats are particularly vulnerable when ashore. “These kind of high performance sailing boats are subject to this type of accident when they are ashore, due to their light weight compared to the windage surface,” he said, adding that no other yachts in the yard were damaged and the facility’s painting sheds were unaffected.Cantiere Rossini specialises in yacht refit services, including repainting, and has capacity for up to ten 50-metre yachts on hardstanding and 12 berths for yachts up to 55 metres.The Wallyrocket51 is the first pure racing yacht developed by Wally, launched in October 2024. With a length of 15.5 metres and displacement of 6.3 tonnes, it was designed with Botin Partners for competitive racing under IRC and ORC rules. The model incorporates features such as a trim tab to improve upwind lift and reduce drag.Ferretti Group completed its full acquisition of Wally in July 2025. The Wallyrocket51 was promoted as capable of outperforming TP52s and positioned as a potential benchmark in one-design racing.Technical partners for the project include APM (keel), Cariboni (hydraulic systems), Southern Spars (rigs), Future Fibre (standing rigging), Harken (deck hardware) and Gurit (composite materials).Credits: Ocean Racing
August 22, 2025
Northrop & Johnson has announced the listing of the 31.52-meter custom-built sailing yacht Playmobil. Represented by broker Jochen Brill, the yacht is asking €2,975,000.Constructed for an experienced owner, Playmobil is described as combining performance with long-range cruising capability. According to the broker, she is designed for easy handling with a minimal crew and is suitable for private use. A condition survey carried out in July 2025 confirmed her operational condition, including upgraded systems and sails fitted in 2024.The yacht accommodates up to eight guests in four ensuite staterooms, including a full-beam owner’s suite, a VIP cabin and two guest cabins. Crew quarters consist of two separate cabins. The interior is arranged around an open-plan saloon and galley, with large windows providing natural light.On deck, the yacht features an aft lounge area and a shaded forward seating space. Her teak decks, rigging, sails and navigation systems have been upgraded or serviced within the past year. Equipment includes a Williams tender, two Yamaha SuperJet jet skis and an updated Raymarine touchscreen helm station.Playmobil is powered by twin Mercedes 311hp engines and supported by two Fischer Panda 25kW generators, a Newport watermaker and a hydraulic bow thruster. These systems were tested and verified during sea trials earlier in 2025.Credits: Northrop & Johnson
August 22, 2025
Antonini Navi has confirmed its participation in the Cannes Yachting Festival 2025, which will take place from 9 to 14 September. The La Spezia-based shipyard will be present at Vieux Port – Jetée Nord, Booth 163, where it will showcase updates on several ongoing projects.Visitors will be able to view photographs and videos detailing the progress of the Seamore 34 and Evo 31 yachts, both of which are under construction. The Seamore 34, sold to an experienced owner, is scheduled for delivery in the first quarter of 2026 and will be exhibited at the following year’s Cannes Yachting Festival.At the redesigned Antonini Navi stand, which now includes an outdoor area, scale models of current and future projects will be displayed. These include the Seamore 34, Lounge 43, Explorer 43, XPD 88 and the SUY 110. The latter, designed by Fulvio De Simoni, has been described as a modern interpretation of the Sport Utility Yacht, combining a sporty profile with explorer capabilities.Antonini Navi will also present details of its activities in the wider industry, including its role in the Blue Design Summit, a regional event connecting yachtbuilding, engineering and design sectors, and its past collaborations with Mercedes-Benz. Throughout the show, the Antonini Navi team will be available to provide information to clients, dealers and industry professionals.The shipyard was established in 2020 as a partnership between Gruppo Antonini SpA, an industrial company active in La Spezia since 1943, and industry veteran Aldo Manna. Antonini Navi is based in the Gulf of La Spezia, within the “Blue Mile” district that is home to several major yachtbuilders. Its facilities cover more than 33,000 square metres, with 4,200 square metres of covered space in two sheds, and four construction slots dedicated to yachts of up to 70 metres. The shipyard employs more than 200 people, including an in-house technical team with extensive shipbuilding experience, and offers services ranging from yacht construction to refits, after-sales, berthing and third-party production.Credits: Sculati & Partners SRL
August 22, 2025
Finland’s boating sector is showing signs of recovery after the decline that followed the pandemic, with registrations and used boat sales both increasing over the past year. As of July 2025, the national watercraft register listed 246,000 boats, an increase of 2,928 compared with the previous year. Of these, 214,000 were motorboats.According to the Finnish Marine Industries Federation (Finnboat), growth has been driven largely by the sale of previously unsold stock vessels, which do not appear in first registration statistics. “According to first registrations, the boating sector would appear to be at its lowest point this year. However, the sale of unsold stock boats has significantly boosted the total fleet size. These boats are not visible in the first registration statistics,” said Finnboat CEO Jarkko Pajusalo.Outboard-powered boats have led the growth, rising by more than 2,200 units. While first registrations of motorboats fell by 17 per cent, the total number of motorboats in the register rose by the same proportion. Pajusalo attributed this to the statistical definition of “new” boats as those built in the current or two previous years. He noted that the anomaly created by pandemic-era unsold boats is expected to resolve itself.The Helsinki In-Water Boat Show Uiva Flytande, held in Lauttasaari, Helsinki, drew nearly 11,000 visitors. Exhibitors reported cautious optimism among buyers, with strong interest in larger cruising yachts. Nine such yachts were on display, from builders including Lagoon, Hanse, Dehler, X-Yachts and Beneteau.Samuli Leisti of Ajola Yachts and Hansail said that 2025 is shaping up to be the strongest year in 15 years for his company, with several deals in progress and one new order signed. His brokerage firm Blue Ocean sold 80 used boats by August, exceeding last year’s total of 67. Antti Saarisalo, CEO of Ajola Yachts, also noted strong interest in sailing yachts, with onboard visits matching those of the larger Helsinki International Boat Show held in February.Manufacturers reported positive developments as well. Linex-Boat, builder of Nord Star yachts, highlighted international interest, with visitors from Estonia viewing the Nord Star 42+. Quarken Boats reported new export market openings and strong domestic activity, securing deals, arranging sea trials and issuing numerous offers during the event.Buster remained the leading brand in new motorboat registrations. According to Mercury Marine EMEA CEO Jussi Sepponen, the Finnish market is beginning to recover in line with European trends. “The marine industry often emerges from recessions later than other sectors. Now, however, it feels like we might even help pull the economy upward,” he said.The show also featured small-scale exhibitors, including sailmaker EfxSails, which presented sailmaking services and recycled sail products. “Sailmaking is a design profession, and part of the designer’s role is to understand the sailor’s true needs,” said EfxSails’s Matti Luhtala.The next Helsinki In-Water Boat Show Uiva Flytande will take place from 13 to 16 August 2026 in Lauttasaari. The Helsinki International Boat Show – Vene 26 Båt – will run from 6 to 15 February 2026 at Messukeskus, Helsinki Expo and Convention Centre.Credits: Yacht Harbour Archive
August 21, 2025
The 25-meter motor yacht African Wild Dog has been sold in-house at Ocean Independence, with broker Bob Friscia representing both the seller and the buyer.Built in carbon fibre composite and delivered in 2018 by Pershing, part of the Ferretti Group, African Wild Dog is the 18th hull of the Pershing 82 series. She is a Pershing 82 VHP (Very High Performance) model, designed by Fulvio De Simoni with naval architecture by the Ferretti Engineering Department.Accommodation is arranged for up to seven guests across three cabins, including an owner’s suite, a VIP double cabin, and a twin with an additional Pullman berth. Crew quarters allow for three staff. Interior features include a lower-deck media room and an open-plan main saloon with a sit-up bar forward, located just behind the triple helm seats.Exterior deck spaces include a sundeck with a secondary helm station, foredeck lounging and sunbathing areas, and a large aft sunpad. The aft deck connects to a swim platform and a transom garage.Powered by twin 2,638hp MTU engines, the 108GT yacht can reach a top speed of 52 knots and maintains a cruising speed of 40 knots.African Wild Dog was last asking €3,400,000.Credits: Yacht Harbour Archive
August 21, 2025