Yacht news

Billionaire fined €52 million for transporting a Picasso out of Spain
Jaime Botin, part of the Satander banking dynasty, had been caught transporting a Picasso painting...
Oyster's founder Matthews returns to its board
Richard Matthews, original founder of Oyster Yachts, has returned to its board as a non-executive...
Double Down: Numarine Sells 5 XP Yachts
Turkish shipyard Numarine has announced the sale of 5 yachts from its XP series, bringing the total...
Sanlorenzo launches 52-meter Lady Lena
Italian shipyard Sanlorenzo has confirmed the launched of its 4th 52-meter yacht, Lady Lena....
Cantiere delle Marche has announced the sale of second 35 Metre Explorer MG115 Superyacht
In November 2019, Italian superyacht manufacturer Cantiere delle Marche has announced the recent...
Soaring: 68m Abeking new build set to hit charter market in 2020
Soaring, the 68-meter currently in build at German shipyard Abeking & Rasmussen, is set to...
New Sunseeker 100 model introduced
British shipyard Sunseeker has revealed details of its new 29.8-meter model, the...
Could yacht flipping be back after going extinct in 2008?
One of several anomalies that were present in the yachting market shortly before the 2008 crisis,...
81m Sea Eagle II: Royal Huisman launches the world's largest aluminium schooner
Dutch shipyard Royal Huisman has launched their largest superyacht to date and the...
Derecktor Shipyards to launch the world's largest superyacht hoist
U.S. builder Derecktor Shipyards has finalised an order with Cimolai Technology for the world’s...
Dolce and Gabbana's 51m superyacht Regina d'Italia sold
The 51-metre superyacht Regina d'Italia II (ex. Regina d'Italia) previously owned...
65m custom superyacht FB274 taking shape at Benetti
Italian builder Benetti has announced the steel hull and aluminium superstructure of its...
109m megayacht Bravo Eugenia seen in London
The 109-metre superyacht Bravo Eugenia was seen leaving London for St. Peter Port in...
TOP 20 stories of 2019
#20. 7 of the superyachts not to miss at Monaco Grand Prix 2019With the atmosphere...
La Ciotat Shipyards to invest €5 million in eco-friendly initiatives
French yard La Ciotat Shipyards (LCS) has presented the environmental features of their upcoming...
282m Njord: Espen Oeino is designing the world's largest superyacht
Norwegian naval architect and designer Espen Oeino is behind many of the world’s...
68m Abeking and Rasmussen in-build superyacht Soaring revealed
The first renderings of a new 68-metre superyacht Soaring by German yard Abeking &...
141m converted megayacht YAS leaves Holland for Norway
The 11th largest superyacht in the world, the 141-metre YAS arrived at Damen Shiprepair...
Big Short: Are superyachts showing signs of an upcoming recession?
Superyacht ownership is often viewed as one of the first expandable luxuries in difficult financial...
Two yachts destroyed by fire leaking fuel in New Jersey
Early on Monday December 16, two yachts went ablaze and submerged at Seaview Harbor Marina in New...
Here Comes The Sun: Largest Amels sold asking €155 million
The largest Amels superyacht to date, 83-meter Here Comes The Sun, has now been sold after...
Marc Anthony’s 37m superyacht Andiamo catches fire and capsizes in Miami
On Wednesday night, the 36.6-metre Benetti superyacht Andiamo caught fire at...
Tankoa presents 60m superyacht concept TLV62
Genova-based yachtbuilder Tankoa has revealed new 62.5-metre superyacht concept TLV62. The concept...
Feadship launches the second 75m superyacht in a week
Dutch builder Feadship has been the main newsmaker in the yachting industry this week....

Popular

Billionaire fined €52 million for transporting a Picasso out of Spain
Jaime Botin, part of the Satander banking dynasty, had been caught transporting a Picasso painting on his 67-meter sailing yacht Adix back in 2015. Now Madrid courts have fined the Spanish billionaire for €52.4 million and sentenced him to 18 months in prison.Botin, an active art collector, purchased Picasso's "Head of a Young Woman" painting back in 1977 for his collection. In February 2013, he tried to sell the painting at a Christies' auction in London but the art work couldn't leave Spain at their culture ministry's decision.Spain has some of the strictest laws when it comes to national heritage. According to them, any work of art over 100 years old that is considered culturally important in the view of their culture ministry can be deemed a national treasure, requiring its owner to get a permit in order to transport it out of Spain. Botin's permit was denied back in 2012.In 2015, Botin, according to Bloomberg, had his driver transport the painting from his Madrid home to Valencia where his 67-meter sailing yacht Adix was docked. When setting sail in June 2015, her captain didn't include the artwork on the list of onboard items. Soon after it set sail for Corsica, from where Botin had chartered a jet to ferry it to Geneva where he intended to keep it according to the publication.Tipped off that Botin's permit for the export of the Picasso hadn't gone through earlier, they inspected the yacht and found the painting in the captain's cabin.Adix itself is currently in Australia, finishing up her refit programme at the yard Brisbane. The yacht is set to remain in the South Pacific up to the America's Cup in Auckland in 2021. The painting found onboard the yacht in 2015 had an estimated value of $27 million, with experts saying it could now be even more. It has since become the property of the Spanish State.With a net worth valued by Forbes at $1.7 billion, Jaime Botin is the largest shareholder of Spanish bank Bankinter and a member of Spain's most prominent banking families. His great grandfather had founded Spain's largest bank, Santander.
Cantiere delle Marche has announced the sale of second 35 Metre Explorer MG115 Superyacht
In November 2019, Italian superyacht manufacturer Cantiere delle Marche has announced the recent sale of a 35-meter explorer superyacht. The Second 35 Meter Explorer Superyacht MG115 was sold to an Asian owner on December 24th.The project has a naval architecture, which was developed on its own in collaboration with long-time partner Cantiere delle Marche Hydro Tec, and has the exterior design of the famous Florentine designer Francesco Pashkovsky. All models in the MG line have similar styles that are characterized by bold masculine lines that have become associated with vessels that fall under the designation "explorer."Designed to travel to the most remote and secluded areas of the globe, the MG 115 is an elegant yet robust, reliable, environmentally friendly long range research vessel.Despite the fact that the MG115 is relatively compact, it is able to accommodate the spaces and luxurious amenities that can be expected from a large yacht. “We don’t produce ‘white yachts’ that look like explores just to follow a trend,” says Buonpensiere. “Throughout the years, we have showed the market that we are able to build true explorers that have both elegance and style of a white yacht. The solutions we have fielded to make the MG line meet all these requirements are once again driving CdM’s explorer yachts forward.”The yacht, located on four decks, will have a steel hull and an aluminum superstructure with spacious recreation areas, recreation and dining areas.The vessel will accommodate up to 10 guests, which will be served by six crew members. Accommodation on board a ship with full displacement in five suits; two VIPs and two twins on the lower deck and a master suite in front of the main deck. In accordance with modern trends, special emphasis was placed on large windows, natural light, outdoor areas and proximity to the ocean. However, only limited parts are available at this stage.Two 533 kW engines each provide a maximum speed of 13.5 knots and a flight range of more than 5000 nautical miles.
Double Down: Numarine Sells 5 XP Yachts
Turkish shipyard Numarine has announced the sale of 5 yachts from its XP series, bringing the total in the series up to 10. Four of these will be 26-meters in length and one 32-meters."These achievements indicate the relevance and popularity of the series" commented Numarine founder Omer Malaz. "We are very pleased that five more international customers will be able to experience what high quality and impeccable Numarine style are."All built on the same platform with identical layouts, the four 26XP yachts will feature a spacious flybridge, a main salon on the main deck and 4 guest cabins on the lower deck. Interior designs and finishes will be customised to the owner's tastes.The only substantial difference between the units will be the hulls, with one of them being semi-displacement with MAN engines of 1,200hp each, whilst the remaining ones will be displacement units with engines of 560-800hp each also manufactured by MAN.The 26XP and 32XP series were both designed by Can Yalman with naval architecture by Umberto Tagliavini. The Numarine 32XP model was being marketed at just under €9.3 million whilst the 26XP was asking just over €3.8 million.
Sanlorenzo launches 52-meter Lady Lena
Italian shipyard Sanlorenzo has confirmed the launched of its 4th 52-meter yacht, Lady Lena. Purchased by her Russian owner in 2018, she is set to be delivered in late 2020. Another four units of the Steel 52 series are currently under construction at the yard.Coming in at 499 gross tons, the 52 Steel was formerly the flagship series of Sanlorenzo before the introduction of larger models to the mix. Designed by Mauro Micheli from Officina Italiana Design, the first unit launched was Seven Sins.Amongst Lady Lena key features, similarly to her sisterships, is a 94-square-meter beach club which features two fold-out platforms on both sides of the yacht. A lounge area is located directly underneath a pool with a glass bottom aft of the main deck. Sistership Seven SinsPowered by twin Caterpillar engines, Lady Lena will reach a top speed of 17 knots and cruise at 15 knots. At an economical speed of 11 knots, she will be able to cross the Atlantic with a 4,000 nm max range.One of the world's largest yacht shipyards, Sanlorenzo went public in December 2019 at a market cap of just over €550 million on the Italian stock exchange. In 2018, the group posted revenues of €327 million, a third of which came from its superyacht division.
Oyster's founder Matthews returns to its board
Richard Matthews, original founder of Oyster Yachts, has returned to its board as a non-executive director. This follows Richard Hadida buying the company in 2018. Matthews had founded the sailing yacht manufacturer back in 1973.Oyster Yachts built its first 32ft sailing boat in 1973. From there it gradually extended its range of sailing yachts finding its sweet spot in 56ft to 125ft units designed by Robert Humphreys. In 2008 the company was sold to private equity firm Balmoral Capital for £70 million, before the firm disposed of it to HTP Investments for £15 million in 2012.Following a failure of the internal hull structure on Polina Star III, an Oyster 825 model, which led to the yacht sinking in 2015. This led to a recall of 4 other units and a dent in the builder's cash flow despite a £83 million order book in 2017. The following year, the company went into administration, before being purchased by Richard Hadida.Hadida is mostly known for founding Evolution Gaming, a company that powers most online casino games and currently trades on the Swedish stock market with a market cap of near €5 billion. His fried, yacht owner and automotive mogul Eddie Jordan was formerly also involved in the takeover bid with Oyster but later backed out."It is hugely important to me personally that the founder of the brand [Richard Matthews] I hold so close to my heart has given it his seal of approval by joining our board." Hadida explained. "Having restored the company to its former glory with the support of a fantastic team – from talented craftsmen to dedicated management – this feels like confirmation that Oyster is once again synonymous with quality and excellence, just as it was when Richard founded it back in 1973".

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