Following the fall of the Soviet Union in 1991, some Russians have amassed vast fortunes and are today responsible for some of the largest and most advanced superyachts in the world.

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New Appointment: Benetti Names Federico Ferrante as New Head of American Sales
Benetti has announced the appointment of Federico Ferrante, currently serving as President of Azimut|Benetti Americas, to lead the commercial development of Benetti in the Americas, effective immediately.Federico FerranteThis strategic move aligns with the Azimut|Benetti Group's ongoing efforts to nurture and expand its internal talent pool. Federico brings a wealth of experience to his new role, having spent over 25 years with the Azimut|Benetti Group and accumulated three decades in the maritime industry. His multicultural background, dual citizenship, and residency in the United States provide him with a profound understanding of the market dynamics across the Americas.Ferrante's primary objective in his new position is to bolster Benetti's presence and growth throughout the American markets, tapping into untapped opportunities in this crucial region spanning from Canada to Chile, with a particular focus on the Caribbean.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Benetti
Sacs Tecnorib Unveils Pirelli 42 Mansory Special Edition at Dubai International Boat Show 2025
Sacs Tecnorib, a prominent player in the maxi RIB sector and licensee of the Pirelli and P ZERO™ brands, makes a significant appearance at the Dubai International Boat Show 2025. Among their lineup, the spotlight falls on the highly anticipated Middle Eastern debut of the Pirelli 42 Mansory Special Edition.This exclusive model is the product of a fruitful partnership with renowned German tuner Mansory. Powered by three robust Mercury 500R engines delivering a combined output of 1,500 hp, the Pirelli 42 Mansory Special Edition showcases exposed carbon components and a dynamic design enriched with bespoke details. These include Mansory branding elements and a captivating "starry sky" effect integrated into the roof.Internally, the boat boasts top-tier finishes and fully customized waterproof leather seating, underscoring the attention to detail and commitment to luxury.Additionally, through collaboration with local dealer Ocean 360, Sacs Tecnorib will exhibit two models from the esteemed Pirelli Tenders range: the X350 and the J29. The X Line, designed by Christian Grande, stands out with its unique styling and versatile array of customizable accessories. The Pirelli X350, characterized by its smooth contours and distinct personality, offers a remarkably spacious bow and ample roominess, capable of accommodating up to five guests. Meanwhile, the J Line tenders embody elegance, adaptability, and user-friendly ergonomics, optimized for practical onboard use. Both models feature a powerful 90 hp BRP Rotax – Jet Drive engine.By participating in the Dubai International Boat Show 2025, Sacs Tecnorib seeks to solidify its strategic expansion within the UAE and broader Gulf region. Sacs Tecnorib Spa was established in 2021 from the union between TecnoRib srl and Sacs srl. Sacs tecnorib spa is the official licensee of Pirelli brand inflatable boatsCredits: Sacs Tecnorib Spa
40m Atlantika Listed for Sale by Northrop and Johnson
The stunning 40 meters sailing yacht Atlantika has been listed for sale by Northrop & Johnson Yacht Brokers, represented by Deniz Kaymaz, İlker Tahincioğlu, and Sean McCarter. This remarkable vessel is offered at a price of EUR4,950,000.Atlantika is a testament to the perfect blend of traditional charm and contemporary engineering. Featuring a cold-molded epoxy-laminated wooden hull, this yacht marries strength and style, creating a warm and sophisticated ambiance. With a gross tonnage of 217 GRT and minimal engine hours, Atlantika provides both efficiency and generous space, including five opulent cabins that promise a lavish guest experience. Certified commercially under the Maltese flag, Atlantika stands out as an ideal choice for both private voyages and charter operations.In 2022, Atlantika underwent an extensive refit, enhancing its aesthetics and performance. The exterior was refreshed with new DuPont paint, anti-fouling treatment, underwater lights, and reinforced structures for the keel, rudder, and bow thrusters. The deck was extended and improved with Burmese teak, polished chrome fixtures, and modernized rigging. Inside, the entire layout was reimagined, introducing new furnishings, flooring, lighting, and enhanced cabin designs. The galley and bathrooms were upgraded with premium appliances, custom cabinetry, and elegant marble finishes. Mechanically, Atlantika benefits from overhauled engines, generators, HVAC systems, and watermakers, along with fully modernized electrical and navigation systems. Additional amenities include new tenders, SeaDoos, kayaks, and a state-of-the-art entertainment system.The main saloon is bathed in natural light, adorned with hardwood floors and sumptuous upholstery, and framed by panoramic windows. The dining area comfortably seats ten guests, complemented by a convenient service bar and easy access to the foredeck. The helm station is a study in elegance and efficiency, featuring leather detailing and cutting-edge navigation technologies.Each stateroom aboard Atlantika strikes a perfect balance between luxury and practicality. The full-beam master suite boasts a king-size bed, a cozy seating area, and a stylish ensuite bathroom with marble touches. Four additional guest cabins — two doubles and two twins — offer ensuite facilities, abundant storage, and plenty of natural light. Crew accommodations consist of four cabins housing up to seven members, ensuring flawless operational support.Atlantika’s exterior areas are thoughtfully crafted for both relaxation and functionality. The foredeck features a dining setup for ten, plush sunbeds, and a protective Bimini shade, while the aft deck presents C-shaped seating and a full-beam sunbed. The sundeck adds another layer of enjoyment with dual helm stations, L-shaped seating, and comfortable sun loungers. For added convenience, a beach club extends from the stern, granting effortless sea access for watersports and laid-back lounging.With its meticulous upgrades and timeless appeal, Atlantika represents the pinnacle of sailing excellence, ready to deliver unforgettable journeys on the open seas.Credits: Northrop & Johnson
Camber Yacht Design Unveils 88m Catamaran Concept
Italian yacht design studio Camber Yacht Design unveiled a new 88-meter catamaran concept featuring an innovative "sky deck" positioned atop the main mast. This custom design, created in collaboration with Italian fashion brand Moorwins, will be officially launched at this year's Dubai International Boat Show.Key features of the concept include a 36-meter beam and three towering masts over 70 meters tall. Designer Carmelo Marco Bernardi explained that the octagonal shapes and volumes on the sky deck are inspired by Moorwins' logo, while other details take cues from the brand's most glamorous collections.The sky deck is accessible via a panoramic elevator directly from the main saloon. The upper deck is designed as an outdoor amphitheater for onboard fashion shows and artist performances. Additional highlights comprise a full-beam owner's penthouse located on the bow for exceptional ocean views, as well as three swimming pools, including a large saltwater pool ending in a continuous waterfall flowing into the sea.Located on the stern, the exterior garage features a heliport and an octagon-shaped store inspired by Moorwins' designs. Here, guests and clients can explore the latest collections from the fashion house.A representative from Moorwins noted that the yachting lifestyle has always been integral to the brand, alongside other luxurious passions, in the pursuit of pleasure. They expressed that this project aims to offer fans a glimpse into their idea of hedonism and the emotional experience of a dream.Credits: Camber Yacht Design
Sanlorenzo S.p.A.: Board of Directors Approves Preliminary Consolidated Results as of December 31, 2024
The Board of Directors of Sanlorenzo S.p.A., chaired by Mr. Massimo Perotti, convened to review and approve the preliminary consolidated results as of December 31, 2024. Key highlights include:Financial PerformanceNet Revenues from New Yachts ("Net Revenues New Yachts") reached €930.4 million, an increase of 10.7% compared to €840.2 million in 2023. This growth was driven by the excellent performance of the Superyacht Division (+17.6% YoY) and the stabilization of the Yacht Division (+1.8% YoY).EBITDA increased by 12.0% to €176.4 million, with a margin of 19.0% on revenues.Operating Profit (EBIT) grew by 10.6% to €139.3 million, with a margin of 15.0% on revenues.Operational PerformanceInvestments totaled €49.3 million, largely directed towards expanding industrial capacity and developing new models and product lines. Following the inclusion of Nautor Swan and Simpson Marine, total investments for the period reached €188.1 million.Net Cash Position stood at €29.1 million post dividend payments of €34.8 million, organic investments of €49.3 million, and other operational expenses. Excluding extraordinary transactions, the net cash position would have been €112.8 million.Order Book and Sales:Q4 2024 Orders amounted to €230.2 million, a 22.0% increase over the same period in 2023. The total backlog stood at €1,019.8 billion, with €623.1 million allocated to 2025.Strategic InitiativesThe company continued to enhance its international footprint via direct representation in key regions, exemplified by the acquisition of 95% of the Simpson Marine Group in March 2024.In August 2024, Sanlorenzo signed a binding agreement to acquire 100% of Nautor Swan, which had already contributed €38.3 million over five months.Technological advancements were also notable, with the launch of three yachts showcasing innovative sustainable technologies.Massimo Perotti, Executive Chairman of Sanlorenzo, stated: "Our solid growth trajectory, confirmed by achieving results both in terms of revenues and margins, highlights the effectiveness of our 'Haute Couture' business model and the ability of our team to successfully navigate global markets and close valuable acquisitions, even in uncertain times like 2024. We are steadily pursuing the Group’s long-term vision and executing the strategic objectives set out in our business plan, while maintaining a solid financial position and liquidity that allow us to evaluate and seize every opportunity to further strengthen our brands."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