In 2021 The Italian Sea Group recorded remarkable growth compared to 2020. Since June 8, 2021 the Company has been listed on Euronext Milan from Borsa Italiana.
The resources collected during the IPO – equal to 44.5 million euros – proved to be key in finalizing the acquisition of Perini Navi, one of the most prestigious brands in the sailing superyacht industry. The acquisition took place on December 22, 2021 through New Sail S.r.l. a subsidiary fully owned by TISG, for a total value of 80 million euros.
The operation was financed by cash availability and long-term bank credit lines.
The total value of the Order Book of Shipbuilding and Refit as of December 31, 2021 is equal to 827 million euros, with wide visibility until 2026 of the projects under construction, about 80% of which is presented by yachts in the +50m range. At the end of 2021, the Net Backlog of Shipbuilding and Refit is equal to 536 million euros.
The revenue breakdown by geographical area shows a higher relevance of the American market.
In particular, this increase is driven by the stronger brand awareness in the Region, stimulated by the collaboration with renowned US brokers, that allowed the Company to enter the American market for big dimension yachts as confirmed by the sale of an Admiral 82m mega yacht at the end of 2021.
Giovanni Costantino, Founder & CEO of The Italian Sea Group
“The year 2021 has been particularly important for The Italian Sea Group, with the further strengthening of our business in the mega yacht segment and in strategic markets like the US,” says Giovanni Costantino, Founder & CEO of The Italian Sea Group. “Soon afterwards the Perini Navi acquisition, finalized at the end of January, the production sites of Viareggio and La Spezia are already operational, the majority of employees have been reinstated and we have launched important projects with great commitment and energy, with the goal of further strengthening such a prestigious brand in the global yachting world. The results announced today confirm the success of our business strategy that focuses on the continuous research of excellence, innovation and quality. Based on these results, that allow us to look at the many future opportunities with great optimism and commitment, we confirm the 2022 Guidance.”
An additional element which is significant to the Company’s strategy is the consolidation in the sailing yacht segment, which is experiencing a strong increase in demand also thanks to the increasing interest from owners towards sustainability and the environment. As a confirmation of this, TISG has undertaken the completion of a 60m sailing yacht for a US client (order originally acquired from the previous Perini Navi property).
Collaborations with brands of the caliber of Giorgio Armani and Automobili Lamborghini have contributed to further strengthen the Company positioning in the luxury segment and, as a confirmation of what was announced during IPO, TISG intends to finalize another important partnership.
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: The Italian Sea Group
The 82-meter Oceanco motor yacht Alfa Nero has been listed for sale at €88.5 million through Northrop & Johnson. Broker Richard Higgins holds the exclusive listing for the vessel, which was delivered in 2007 and underwent comprehensive refitting in 2024.Designed by Nuvolari Lenard with interiors by Alberto Pinto, the yacht features Art Deco elements combined with contemporary aesthetics. Notable features include an aft infinity pool with glass waterfall sides and a convertible floor that rises to form a flush entertainment area. The pool system was among the first of its kind in yacht design.Accommodations include six staterooms for 12 guests connected by glass elevators. The master suite occupies the upper deck forward section with private office, marble bathroom, and hot tub-equipped terrace. Additional amenities comprise a spa, sauna, steam room, cinema, and beauty salon.Technical specifications include twin MTU engines providing 18-knot cruising speed and 20-knot maximum speed. The yacht carries a Vanquish VQ45 chase boat and extensive water toys including jet skis, seabobs, and a jellyfish-protected sea pool.The steel-hulled vessel offers 1,250 square meters of living space across multiple decks. Alfa Nero remains one of the most recognizable superyachts in global waters following its 2024 refit, which updated systems while maintaining its original design integrity.Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.Credits: Northrop & Johnson
August 26, 2025
The 2021 Feadship motor yacht Somnium, constructed by De Vries shipyard with exterior design by Studio De Voogt and interior architecture by FM Architettura, is currently offered for sale. The aluminum-hulled vessel presents an opportunity for ownership without new-build waiting periods.Somnium accommodates 10 guests across five staterooms, including a full-beam owner's suite featuring a private balcony and dedicated office space. The interior design emphasizes functional luxury for extended global cruising.Key features include a 2.55-meter draft enabling access to shallow anchorages, an aft deck plunge pool with adjustable depth and counter-current system, and an expansive foredeck lounge area. The sun deck incorporates a hot tub and panoramic viewing areas.Technical specifications include an enclosed tender garage with dedicated dive storage and a fold-down transom platform creating sea-level access from the gymnasium. The yacht's design prioritizes family-oriented cruising with multiple outdoor social areas.The 2021 delivery date places Somnium among contemporary Feadship offerings with updated navigation systems and propulsion technology. The vessel's availability provides immediate access to Dutch-built superyacht ownership without construction lead times.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
August 26, 2025
Polish shipbuilder Sialia Yachts has entered final construction phases for its inaugural fully electric Sialia 45 model at its Gdansk facility, with launch scheduled for autumn 2025. The 14-meter performance cruiser represents the company's initial production electric yacht.The vessel utilizes twin 300kW electric motors delivering a maximum speed of 43 knots. Power comes from standard 500kWh battery packs providing 55 nautical miles of range at 25 knots, with optional endurance packages extending range to 77 nautical miles. Optional biodiesel-compatible range extenders (140kW or 350kW) can increase maximum distance to 164 or 240 nautical miles respectively.Milvio Ricci, Chief Commercial Officer at Sialia Yachts, commented: "Originally, we planned to launch the first yacht in summer, but decided to extend the timeline. It is not a delay; it is a choice to ensure the Sialia 45 exceeds every expectation."Construction incorporates carbon sandwich epoxy hulls built using three infusion processes to reduce weight and minimize noise transmission. The design emphasizes reduced maintenance requirements compared to conventional propulsion systems, with electric motors requiring only decadal servicing and batteries rated for 3,000 cycles under five-year warranty coverage.The model will be offered in multiple configurations including open-deck Runabout, center-console Sport, and enclosed-deckhouse Weekender versions. Sustainable materials feature throughout including standard recycled cork flooring.Charging systems support rapid replenishment from 10% to 90% capacity in approximately 2.5 hours. The launch marks Sialia's entry into the competitive electric yacht market, targeting Mediterranean and Caribbean cruising itineraries with its combination of performance and emission-free operation.Established in 2017, Sialia Yachts, owned by Silent Straits, is a company focused on sustainability and ocean-friendly innovation aiming to set new standards in yachting, with designs that inspire both enthusiasts and experts. The company offers the following models: 45, 59, and 80 Explorer. Sialia Yachts is based in Warsaw, Poland, with a team that includes members in the Netherlands and Italy.Credits: Sialia Yachts
August 26, 2025
Finnish boat manufacturer Saxdor Yachts will present the global premiere of its new Saxdor 400 GTS model at the Cannes Yachting Festival 2025. The open-deck vessel expands the existing 400 series, joining the 400 GTO and 400 GTC models.The 400 GTS features a T-top roof, semi-walkaround layout, and fold-down terraces characteristic of the brand. The design emphasizes open-air cruising with overnight capability through two cabins below deck. Forward seating converts to a sunbed, while aft sofas surround a convertible dining table.Built on the same twin-stepped hull as other 400 series models, the GTS is powered by Mercury V10 425hp engines. The helm station accommodates three seats under shelter with optional sliding glass side doors.Saxdor's new model targets boaters seeking open-deck configurations without sacrificing the weather protection and functionality found in the company's other designs. The 400 GTS will be displayed alongside other Saxdor models at the festival, with production following the unveiling.The Finnish brand continues to expand its product range amid reported growth in European powerboat sales. Since its inception in 2019, Saxdor Yachts has experienced exponential growth, producing over 1000 boats and capturing the industry’s attention with their innovative approach. Now, with the introduction of the Saxdor 400 GTO, Saxdor Yachts aims to make waves in the 40-45 ft sport boat market, leveling up from the game-changing entry-level 200 and mid-range 320 models.Credits: Saxdor Yachts
August 26, 2025
Fraser has reduced the asking price for the 50-meter motor yacht Belongers to €12.9 million. The vessel was built by French shipyard Couach in 2014 as part of the limited 5000 Fly 2 series, with only two units completed.Constructed under supervision of project managers and surveyors, the yacht features exterior and interior design by Metrica. The 497 GT vessel accommodates 12 guests in a 5+1 stateroom configuration, including a main-deck master suite with dual bathrooms and walk-in closets. The layout includes two double cabins, one convertible double/twin cabin with Pullman berth, and one single cabin on the lower deck.Outdoor areas feature bridge deck alfresco dining for 12 guests and a sundeck owner's office. Performance specifications include twin MTU engines enabling a cruising speed of 15 knots and maximum speed of 24 knots. Quantum zero-speed stabilizers provide comfort both underway and at anchor.The price adjustment reflects current market conditions for large motor yachts built in the mid-2010s. Fraser continues to manage the sale of the vessel, which remains available for immediate inspection and purchase. Credits: Fraser
August 25, 2025