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

Latest News

Y726 Launched by Oceanco
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Sirena Yachts Unveils Details of New Sirena 118
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Mark Todd Receives MBE for Contributions to Sailing and Youth Development
Mark Todd, Chief Executive of Ocean Youth Trust South, has been awarded an MBE in the King’s Birthday Honours List for his services to sailing and young people.Todd has served as CEO of Ocean Youth Trust South since 2010, following nine years as a Staff Skipper. He holds multiple roles within the sailing community, including Chair of the Association of Sail Training Organisations, RYA Yachtmaster Instructor, Yachtmaster Examiner, and member of the Yachtmaster Qualifications Panel. In 2011, he received the inaugural MCA/ASTO Award for Command Commitment to Sail Training, and he is an Associate Fellow of the Nautical Institute and a Younger Brother of Trinity House.Ocean Youth Trust South, a registered charity, utilizes sailing as a tool for personal development among young people aged 11-25 from diverse backgrounds. The organization operates a 105-foot ketch named Prolific, facilitating residential voyages for up to 15 young participants alongside staff and volunteers.Speaking about the award, Mark Todd said: “It feels very special to have been awarded an MBE for my work in sail training. I am passionate about the power of sail training to make a lasting positive difference to young people, and I hope to use this award to bring wider recognition to the industry.”Todd reflected on his 25-year journey with the organization, noting the transformative impact of sail training on young people’s wellbeing and potential. He emphasized its role in fostering confidence, resilience, teamwork, communication, and problem-solving skills, alongside promoting friendship, fun, and adventure.The CEO also shared his personal journey, highlighting how sail training had changed his own life despite early challenges related to scoliosis and educational obstacles. He acknowledged the vital contributions of staff and volunteers across the industry, expressing gratitude for their role in providing life-changing experiences at sea for thousands of young people.Credit: Ocean Youth Trust South
Ocean Alexander 28E Sold to Experienced Owners
MarineMax broker Scott Roberton has facilitated the sale of a new Ocean Alexander 28E explorer yacht to experienced owners transitioning from a Sanlorenzo SL86. The 28-meter vessel was selected for its operational efficiency and spacious layout featuring four staterooms and dedicated crew quarters."The 28E checked every box," stated Roberton. "It delivers true exploring capabilities while maintaining a refined, contemporary aesthetic that rivals any European builder." The owners specifically valued the model's 70-square-meter aft deck and on-deck master suite.Designed by Evan K. Marshall with a focus on volume and functionality, the 28E will operate seasonally between Newport, Rhode Island and Florida/Bahamas waters. The sale represents the owners' first acquisition from Ocean Alexander's Explorer series.Dan Mundy, Ocean Alexander's Head of Global Operations, noted: "The 28E exemplifies the innovation, volume, and versatility that define our Explorer series." The model's 90-ton displacement and 2,000-nautical-mile range address growing owner demand for capable coastal cruisers with superyacht amenities.MarineMax Newport's Frank Brennan assisted in the transaction. The yacht will enter private service following final commissioning. Ocean Alexander currently produces the 28E at its Kaohsiung, Taiwan facility with an estimated 12-month build timeline.Ocean Alexander is a family business. Two generations of one family have guided the shipyard for almost four decades. With manufacturing in Taiwan, Ocean Alexander is consistently one of the top selling brands for large yachts in the U.S. and currently produces models ranging from 26 to 36 meters in length. Credits: Ocean Alexander
Italian Sea Group Wins Dual Honors at 2025 Yacht and Aviation Awards
The Italian Sea Group secured two awards at the 2025 International Yacht & Aviation Awards in Monte Carlo. The 66-meter Admiral JAS won in the "Motoryacht over 60 meters" category, while the 78-meter Admiral Platinum claimed victory in the "Motoryacht over 70 meters" division."We are proud that two of our most recent creations have received such prestigious recognition," said Gianmaria Costantino, CCO of The Italian Sea Group. "This highlights our commitment to excellence and innovation."The Admiral JAS, designed in collaboration with Mark Berryman, represents the semi-custom ADM 66 series with four units sold. Brad Whiteman of Qudra Yachts served as owner's representative during construction. The yacht features integrated indoor-outdoor spaces developed by MB Architects.The flagship Admiral Platinum, a full-custom project, features exterior design by Lobanov Design and interiors by Sinot Yacht Architecture & Design. Magnitude Yachts oversaw construction as owner's representatives.Both yachts were recognized for their construction quality and design execution. The awards ceremony took place June 6 at Hôtel de Paris, Monaco, during the 16th edition of the Design et Al competition.The Italian Sea Group currently operates production facilities in Marina di Carrara, with both awarded yachts delivered within the past 12 months. The company maintains active construction projects across its Admiral and Tecnomar brands.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. Credit: The Italian Sea Group