Yacht news

The 30.2-meter Royal Huisman sailing yacht Foftein has been listed for sale with Manfred Haas of Haas International at an asking price of €8,500,000 with VAT paid.Built in aluminium and delivered in 1999, Foftein was designed by German Frers as a cutter-rigged yacht intended for bluewater cruising. She has had only two owners since new, the first being a yachtsman and marine photographer. The yacht underwent a significant refit in 2020 by Huisfit, Royal Huisman’s refit division, which included the installation of hybrid propulsion and updated systems.The refit allows Foftein to cruise silently for up to eight hours, regenerate power under sail, and meet advanced environmental standards. Her propulsion is provided by Volvo Penta 550hp engines, complemented by lithium-ion energy storage.The interior, designed by Pieter Beeldsnijder, features cherry wood panelling and accommodates six guests in a master suite and two twin cabins, all with en suite bathrooms. Crew quarters provide space for four in two cabins.On deck, Foftein has two cockpits: a centre cockpit leading to the deckhouse, and a private aft cockpit connected directly to the master suite. Her sailing capabilities are supported by a modern fast hull, aluminium mast and spars, and semi-automated sail handling systems.Currently cruising in the English Channel, Foftein is presented in what the broker describes as “exceptional, turn-key” condition.Credits: Yacht Harbour Archive

Northrop & Johnson has facilitated the sale of the 54-meter Benetti motor yacht Starfire, represented by broker Carl Sputh. Built in 1997, the steel-and-aluminum vessel has undergone two major refits (2019 and 2023) that included mechanical updates and interior renovations.The yacht accommodates 14 guests across six staterooms with crew quarters for 14 personnel. Recent upgrades comprised a 12,000-hour engine service, new stabilization systems, updated technology infrastructure, and refreshed interior finishes. Starfire maintains Lloyd's classification certification following its most recent special survey.Performance specifications include a 12-knot cruising speed and 15-knot maximum speed with fuel consumption of 64 gallons per hour. The vessel's design emphasizes crew functionality with dedicated workspaces and separate lounge/dining areas.The Starfire transaction represents continued activity in the secondary market for well-maintained superyachts with recent refit histories. Northrop & Johnson's involvement underscores the brokerage's presence in the 50-60 meter segment. Both yachts demonstrate the enduring value of robust engineering and periodic upgrades in maintaining vessel competitiveness across decades of service.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: Northrop & Johnson

The Italian Sea Group (TISG) has reported decreased financial performance for the first half of 2025, citing geopolitical tensions and economic uncertainty. Revenue declined 1.4% year-on-year to €186.8 million, while net profit fell 58% to €12.2 million, partly due to the absence of a capital gain from the 2024 Viareggio shipyard sale.CEO Giovanni Costantino attributed the results to "ongoing geopolitical and economic tensions," specifically noting U.S. protectionist policies as contributing factors. The company maintains an order backlog of €1.19 billion as of June 30, 2025, slightly down from €1.24 billion at year-end 2024.Key financial metrics include:EBITDA of €30.4 million (16.3% margin), down 6.3%EBIT of €25.6 million (13.7% margin), down 4.5%Net debt position of €63.2 millionThe group delivered four yachts during the period - three Admiral models (55m, 66m, 78m) and one 60m Perini Navi. Shipbuilding revenues increased 3% to €172.6 million, while refit revenues declined 52% to €10.9 million as the company prioritized new construction.TISG has revised full-year 2025 guidance, now projecting revenue between €350-370 million (down from €410-430 million) and EBITDA margin of 16.5-17.0% (previously 17.5-18.0%). The company secured €115 million in new long-term financing during the period to support operations.Upcoming projects include the debut of several flagship models at Monaco Yacht Show 2025, including the 72m Admiral Giorgio Armani and 60m Perini Navi sailing yacht. The group continues developing strategic partnerships with Armani and Lamborghini to strengthen its ultra-luxury positioning."Despite current challenges, we remain confident in our ability to finalize ongoing negotiations by year-end," stated Costantino. "Our design excellence and customized approach continue to differentiate our brands in the global market."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

The 100.8-meter Kusch Yachts superyacht I Dynasty has been listed for sale with Merle A. Wood of Merle Wood & Associates and James Auld of SuperYachtsMonaco, with an asking price of €240,000,000. This places her as the fourth most expensive superyacht currently on the market.Built in Germany and delivered in July 2015, I Dynasty is the second-largest vessel from Kusch Yachts and the yard’s most recent delivery. The project was overseen by Vega Yachts, with The A Group’s Richard Hein responsible for exterior design and naval architecture. She was among the first superyachts to be fully certified to Passenger Yacht Code (PYC) standards.Her interior, designed by Massari Design, accommodates up to 34 guests in 12 cabins, plus four staff in three cabins and 36 crew in 19 cabins. Under PYC certification, she can carry up to 36 guests. The main deck hosts the owner’s suite, which includes separate his and hers marble en suites, while two master VIP suites are located on the bridge deck.With an interior volume of 4,437GT, I Dynasty offers a variety of amenities, including a bridge deck cinema, beach club, sauna, hair salon, massage room, hammam, gym, and a dive centre. Notable design features include an open staircase, floor-to-ceiling windows, and a mix of classical and modern finishes, including warm woods, marble pillars, and glass “shark fins” acting as windbreakers.The yacht’s exterior spaces include multiple dining areas, a covered cinema, several pools, and a float-in tender garage that can be converted into a saltwater pool. She carries a range of tenders and water toys, including a Riva 33 Aquariva and a 9.6-metre Pascoe Limousine.Powered by a diesel-electric system with twin Rolls-Royce Bergen main engines and triple Caterpillar C32 auxiliary engines, I Dynasty has a top speed of 17 knots, a cruising speed of 14 knots, and a range of 7,000 nautical miles.She recently completed her Lloyd’s 10-year Special Survey in June 2025 and will be available for inspection by appointment during the Monaco Yacht Show.Credits: Merle Wood & Associates

Global Services Ltd, a UK-based supplier of marine equipment and services to the superyacht, commercial shipping, and cruise ship industries, has appointed Ian Cooke as Chairman to oversee its next stage of development.The company operates from offices in the UK, the Netherlands, and Palma, working with vessel crews and management to source and deliver a wide range of operational equipment, including tools, spare parts, consumables, and technical items. It also provides ancillary services such as storage solutions, mobile phone plans, inventory management, and logistical support.Cooke, who has more than 30 years of experience in the marine industry across yacht and commercial sectors, will focus on expanding Global Services’ market presence, strengthening partnerships, and advancing its digital transformation and sustainability plans.“Ian has a deep understanding of the marine industry and a clear strategy to guide Global Services into its next chapter,” said Doug Grover, Director of Operations. “We are confident in his ability to build on our strong foundation and accelerate our global impact.”Commenting on his appointment, Cooke said: “The company’s global reach, talented team and strong commitment to client success present an incredible platform for continued innovation and growth. I look forward to working closely with the Board, leadership team, employees, suppliers and clients around the world to shape the future of Global Services.”In addition to his new position, Cooke will continue in his roles at marine equipment distributor C-Quip Ltd and Crewsafe Marine Ltd, along with their associated brands.Credit: Global Services