Few events have ever affected yachting as much as the sinking of the 60 meter Yogi. The largest yacht to ever sink, its wreck strongly hit the Turkish shipbuilding sector and made owners take a hard look at their insurances and dangers, even though no one was hurt. Despite the accident, Yogi was no less of an exceptional yacht.
Yogi was the largest yacht ever built by up and coming Turkish shipyard, Proteksan Turquoise at the time of her delivery in 2011. Reminiscent of an explorer style yacht through her design by Jean Guy Verges, Yogi featured oversized portholes in her hull that brought in tons of flight into the yacht's cabins.
Built for Stephane Courbit, a French media and TV millionaire valued at €450 million, Yogi was built to be operated as a charter yacht part of its hotel collection. Maximizing space, the yacht had many amenities for her size including a swimming pool, beach club, wellness center and media room.
Yet, on February 17th 2012, just as the yacht was days out of leaving the yard where it was undergoing warrantied maintenance work, it sank in the Aegean sea. The weather was particularly difficult during that day and yet it seems to be an engine failure that, tied to a number of circumstantial events, led to the 60-meter yacht sinking to the bottom of the Mediterranean.
The report did, however, clear Proteksan in the quality of its build, focusing on what was a mixture of human oversight and extreme conditions. A Turkish investigations arrived at similar conclusions. Manned by a skeleton crew of 8 during this voyage, it took an hour to evacuate by helicopter the yacht's crew as seas at their peek featured waves of up to 7 meters.
The largest yacht to have ever cruised with the French flag, Yogi was part of Courbit's Lov Collection, a holding company that includes the Les Airelles palace in Courchevel as well as the Pan Dei hotel in St Tropez. Built with charter in mind to its existing and new clientele, the yacht commanded prices of up to €378,000 per week and featured 800 square meter of interior space in a particularly luxurious interior.
A key element in Yogi's design was her large pool with overflow that sat aft of the yacht's main deck, directly on top of its beach club. In the middle of the pool was a glass porthole that flooded the area underneath with light. All around the pool were lounging pads for Yogi's guest to take in the sun when the yacht was anchored off in a bay.
To complement the swimming pool aft of the main deck, a Jacuzzi was also placed aft of the sundeck, for guests that wanted to enjoy the sun in a hot tub. Also surrounded by sunpads, these feature a common beige design throughout the yacht with colored pillows. Same can be said for the customizable lounging area aft of the upper deck.
On the inside, Yogi was reminiscent of Courbit's luxurious hotels. Featuring a beige and creme tone throughout the yacht, the 60-meter was fitted with floor to ceiling windows that visually increased the size of its 800 square meters of interior space. Its main salon was structured into a lounging area and a TV sector with a wide screen built into the wall.
Stretching across the full beam of the yacht, Yogi's master bedroom was no less spectacular with both lots of light and space. A king sized bed throned in the middle of the suite with access through a central corridor to a dressing room and his and hers bathrooms.
The yacht's guest accommodation didn't also pale in comparison with the owner's stateroom. Finished in the same style, the double and twin guest cabins could be connected or separated through double sliding doors. In total, Yogi could accommodate a total of 12 guests across 6 cabins.
Tall windows could be found throughout the yacht and were a real differentiating factor from competition on the market for Yogi. 'The idea was to have a yacht that could be chartered and run just like a resort.' detailed its designer, Jean Guy Verges in a later interview. 'She has been designed to the specific request of her owner. I think this jewel offered more than you would expect of a yacht her size.'
Another interesting amenity of Yogi was her observational lounge up on the sun deck. Finished throughout in glass, the area boasted a 180 degree view into the yacht's surroundings through a climate controlled environment. Equipped with custom furniture from the likes of Hermes, this media lounge separated the sun deck into a Jacuzzi and a raised dinning area.
Down on the upper deck, which also featured a covered dinning room, guests would find an extensive lounging pad with tiles that could be raised or flattened to create lounging chairs or sun beds. Connected to iPods and iPhones, which in 2011 was still rare, Yogi featured an advanced system for her time with TVs that slid out even in front of lounging pads.
Viewed by many as a step forward for the Turkish yacht building sector and as an endorsement of their quality, when Yogi sank, the whole country took a hit. By 2011, yacht owners and charters had started outgrowing the stigma of building in Turkey and the market was picking up for local builders. In fact Yogi was the largest yacht ever built by Proteksan.
Yogi's delivery was followed weeks after by their newest flagship, a 70.5-meter reminiscent of a Dutch-build quality, Talisman C. Shortly after it followed the 72-meter Vicky and it looked like Turkey would emerge as a yacht building destination. This all ended when Yogi sank in February 2012 and owners' stigma towards Turkey developed once again.
Although some Turkish shipyards continued to prosper, many faded down their ambitions in a global recession. This ultimately culminated with the acquisition of Proteksan Turquoise by Dutch-based Oceanco. Backed by billionaire investor Mohammed Al Barwani, the Dutch superyacht builder since set out on a mission to make the yard competitive and got an order for a 77-meter yacht now under build.
Having initially started his career in television in the 1990s, Stephane Courbit where he built a reputation, eventually starting his own production company behind hits such as Miss France. Eventually acquired by Dutch holding Endemol, Courbit exited from the company in 2001.
His LOV Group currently includes companies in the audiovisual space with several production companies behind some of France's most popular game shows. Other investments include several betting sites, which he started in acquiring in 2007. One of his fastest growing divisions has now becomes the Airelles collection of hotels.
After investing nearly $200 million into the purchase and renovation of the five star Courchevel palace, Les Airelles, Courbit acquired the Pan Dei Palace in St Tropez. His hotel portfolio then grew with the Bastide de Gordes in 2014. Two more Airelles hotels are set to open in the next two years, one in Versailles and one in Val d'Isiere.
Custom Line has introduced the Custom Line 50, described as “the first 50-metre superyacht built entirely from aluminium” and “the new displacement flagship” that “makes her debut in the metal yachts segment under 500 GT.” The yacht, measuring 49.90 meter in length with a 9.60-metre beam, spans four decks and has a gross tonnage of about 260 GT.Key features include an owner’s suite positioned in the bow on the upper deck, a configuration typically found on larger vessels. The design also incorporates a beach club with an infinity pool integrated into the main deck, forming a 120-square-metre area designed to enhance the connection with the water. With a draught of 2.2 meter, the yacht is intended for cruising and mooring in areas such as the Caribbean.According to the press release: “More than a superyacht, Custom Line 50 is a statement of forward-thinking design, engineering excellence and conscious exclusivity.”The project results from collaboration between the Strategic Product Committee led by Piero Ferrari and the Ferretti Group Superyacht Yard Engineering Department in Ancona. Architect Filippo Salvetti designed the exterior, while Studio ACPV ARCHITECTS Antonio Citterio Patricia Viel developed the project architecture and interiors. The brand’s team provided project management, guiding the owner through customization and execution.Guest accommodations include a master suite on the upper deck and four lower-deck cabins, for a total of up to 12 guests. Five crew cabins are configured to house nine crew members. The yacht’s layout emphasizes privacy, with separate guest and crew circulation paths. Exterior styling uses clean lines and horizontal elements for a sense of harmony.The Custom Line 50 introduces “an unprecedented feature for the segment,” with a deck devoted entirely to the owner. This 75-square-metre owner’s apartment includes a panoramic cabin with wraparound windows and a private terrace.Interiors incorporate a concept based on three-dimensionality and materiality, utilizing Canaletto walnut, leather, ivory-colored wallpaper, and marble cladding in bathrooms. Mirrored surfaces and large curved windows aim to create a feeling of openness, integrating indoor spaces with the seascape. Outdoor areas are organized into a series of terraces and lounges. A two-level beach club at the stern is connected to an infinity pool on the main deck, while upper decks and a sun deck offer dining areas, lounges, and a hydromassage pool.Propulsion is supplied by two CAT C32 ACERT engines for a top speed of 16 knots and a range of about 4,500 nautical miles at an economy cruising speed of 10 knots. The yacht is designed with IMO Tier III-certified SCR systems to reduce emissions. Stabilization is managed by CMC Marine fins, and onboard systems aim to balance performance and reduced environmental impact.Credit: Custom Line
December 18, 2024
The Italian Sea Group participated in the inaugural Red Sea Week marking the opening of Sindalah Island. The newly established island, designed and planned by LUCA DINI Design & Architecture studio, aims to position itself as a premier luxury yachting destination in the Red Sea.At the ceremony in late October, Sindalah introduced itself as a high-end travel location. Among the project’s contributors was Stefano Ricci, who designed the Sindalah Yacht Club, one of the first completed and unveiled structures.The Italian Sea Group presented ten representative yacht models at the Sindalah Yacht Club. According to the company, these models attracted attention for their design, build quality, and focus on sustainability.“Participating in the Red Sea Week in Sindalah, a location that will set new standards in the world of luxury travel, was a significant moment for presenting our yachts in a strategically important area for us from a commercial point of view, generating great curiosity among the guests,” said Giovanni Costantino, Founder & CEO of The Italian Sea Group. “I would like to thank Cavaliere Stefano Ricci for the outstanding professional synergy, which will surely lead to further major projects together.”The Italian Sea Group operates with the brands Admiral, Tecnomar, Perini Navi, and Picchiotti, and offers maintenance and refit services under NCA Refit. It has collaborated with luxury names such as Giorgio Armani and Automobili Lamborghini. According to the 2025 Global Order Book by Boat International, The Italian Sea Group ranks as the first Italian superyacht builder for yachts over 50 metres.Credit: The Italian Sea Group
December 18, 2024
Extra Yachts has announced the sale of the second unit of its X100 Triplex model. The 30-meter composite hull, reinforced with carbon fiber and featuring a maximum beam of 8.1 meters, is designed to provide internal volumes comparable to yachts over 40 meters. The vessel’s gross tonnage is approximately 260 GT.According to the shipyard, the X100 Triplex model is designed to offer large interior and exterior spaces, exceptional comfort, liveability on board, low consumption and the possibility of undertaking long-range cruises. The design includes floor-to-ceiling opening windows on both the main and upper decks, as well as large side windows in the owner’s cabin. At the bow, these windows can retract to provide unobstructed forward views.The exterior configuration features an aft cockpit arranged on two levels. The area near the beach club includes a large sun lounger, while an upper, informal lounge is situated a step above. The sun lounger’s backrest can also be used as a seat, linking the two areas, and the fold-down side terraces enhance the sense of openness. The upper deck includes a lounge area with flexible furniture arrangements, along with a sundeck that has a bar, sunbathing areas, and a dining table for up to ten people.Owners can select from multiple layout options. In this unit, the pantry is located on the main deck, and the galley is on the upper deck. The main deck interior houses a lounge area and the owner’s cabin with a private office, vanity, bathroom with double sink and separate toilet, and a large wardrobe. The upper deck includes the helm station, galley, lounge area with armchairs and coffee table, and a formal dining table for ten. Below deck, four double cabins with private bathrooms comprise two VIPs and two twin cabins. The crew area can accommodate up to five crew members in three cabins, as well as a separate laundry.The aft garage under the sunbathing area stores a tender of nearly 4 meters, two Seabobs, and additional equipment. Standard propulsion is provided by two MAN engines of 1,550 hp each, giving a maximum speed of 15.5 knots and a cruising speed of 12 knots. An optional upgrade to 1,800 hp MAN engines is available, raising top speed to 18 knots and cruising speed to 15 knots.The exterior lines were developed by Studio Agon, with interiors by Laura Brocchini Design and naval engineering handled by the shipyard itself. The second X100 Triplex unit is intended for a client familiar with the Extra Yachts brand.Credit: Extra Yachts
December 18, 2024
At its Annual Members' Assembly on Thursday, December 12, the Italian Marine Industry Association presented forecasts and survey findings outlining upcoming market trends. The data, compiled by the Association’s Research Department, reflects responses collected from a broad sample of member companies.In 2023, the Italian yachting sector reported a turnover of €8.33 billion, marking an increase of €1 billion compared to 2022. This growth of 13.6% follows a previous 20% increase in 2022. A key factor driving the rise in turnover was the export of Italian-built yachts, which surpassed €4 billion in 2023 and climbed to €4.23 billion in the first four months of 2024.The industry’s export rate stands at 90%, reinforcing Italy’s role as a global leader in both the superyacht segment – responsible for more than half of worldwide orders – and in the production of large inflatable units, components, and equipment. The sector’s workforce also expanded, reaching 30,690 employees in 2023, about 7% more than in the previous year.Projections for 2024 indicate a normalization of growth in the yachting sector. Market dynamics are expected to diverge between high-end products and smaller vessels. According to the Association, “the outlook for the Italian yachting industry remains positive overall, despite complex external economic scenarios, due in no small amount to the substantial contribution of the superyacht segment.”Survey results highlight a differentiated situation within boatbuilding. Among companies in the superyacht segment, 75% anticipate a positive year-on-year close, while the remaining 25% expect stability. Order book performance suggests normalized growth rates, with about two thirds reporting a modest decrease in orders (ranging from -5% to -10%) and others indicating stable or slightly positive levels.In boatbuilding under 24 metres, the situation is more varied. About 60% of respondents forecast a contraction in turnover in 2024, with negative ranges spanning from -5% to over -30%. Stability is predicted by 18% of respondents, and 22% foresee growth. In 2025, sentiment appears more optimistic: the share of companies expecting growth remains at 22%, while only a third predict declines, and 45% anticipate stability.In the marine engine segment, 2024 outcomes vary. The survey shows an even split among those recording growth (5% to 20%), stability, or contraction (5% to 20%). For 2025, one third of respondents anticipate an increase in turnover, while two thirds expect stable conditions.Within the equipment and accessories sector, 39% of sampled companies foresee growth in 2024, 42% predict contraction, and the remainder stability. Looking ahead to 2025, 63% expect stable results, 23% anticipate contraction, and 14% foresee improvement.For nautical tourism businesses, 2024 appears positive. Approximately 63% predict turnover growth, 28% expect stability, and only 9% foresee a decline. The outlook for 2025 remains promising, with 55% forecasting continued growth, 39% stability, and 6% a possible contraction.These assessments, pending official figures to be released in the next edition of “La Nautica in Cifre LOG” at the 65th Genoa International Boat Show, suggest that 2024 may mark a stabilization of the yachting industry’s overall turnover. The strength of the superyacht sector helps offset recent difficulties in smaller segments. The forecasts for 2025 indicate a potential recovery, pointing to improved conditions as early as next spring.Credit: Italian Marine Industry Association
December 17, 2024
Heesen Yachts has announced the keel laying of Project Evita, a 57-meter all-aluminium yacht currently under construction at the company’s facility in Oss, Netherlands. The new vessel, featuring a shallow draft suitable for cruising the Bahamas, is designed to reach a top speed of 22 knots at half load.“To achieve such a high top speed, the yacht must be lightweight, so we are naturally building in aluminium – something that we here at Heesen have elevated into an art form over the years,” said Peter van der Zanden, General Manager of Design and Development at Heesen Yachts. “The vertical bow guarantees a long waterline length for maximum efficiency and speed potential, while the aft end is composed of complex sweeping curves. This yacht will be unmistakable when she enters a new harbour.”The exterior, designed by Omega Architects, includes an elongated profile and a distinctive scoop-shaped stern with sharp angles and dynamic lines. As the second vessel in Heesen’s new 57m Aluminum Class with FDHF, Project Evita has a volume of 780 GT.Inside, Harrison Eidsgaard’s interior design accommodates up to 12 guests in six staterooms. A central elevator connects all three decks. Amenities include a pool on the main deck aft and a transom lazarette for water toy storage.Project Evita is scheduled for delivery in the second quarter of 2027.Heesen Yachts is a Dutch ship building company that specializes in custom-built superyachts in aluminum and steel from 30m to 70m in size. Founded in 1978, it has launched more than 170 yachts since its inception.Credit: Heesen Yachts
December 17, 2024