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About Ferretti
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales. As a result, the Group had to restructure debt and its creditors, led by the Royal Bank of Scotland, converted a portion of their €1.2 billion debt into equity.
Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.
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Part of the Ferretti Group, Italian builder CRN has unveiled interiors of its new 62-metre superyacht concept M/Y 138. The vessel born out of collaboration among CRN, Dutch studio Omega Architects (the exteriors) and Pulina Exclusive Interiors, is now under construction at the yard. The hull composition of the new model will feature sporty lines in the signature of Frank Laupman, who is the head of Dutch design studio Omega Architects. One of the key trademarks of the 62-metre is her distinctive zest for the on-board lifestyle.The superyacht will come with sophisticated wall décor. The generous living and dining areas, as well as the owner’s suite and the cabins will reflect an enlightened contemporary living concept, enhanced by chic details, premium materials and a colour palette of very natural tones. Meanwhile, the large windows, such as the 180° glazing in the owner’s suite, flood every room with natural light.The metal hull and superstructure of the new vessel have been already completed, and the ship has now been moved to another location for the interior outfitting, starting with systems and equipment (pipes, cables and insulation), ahead of installation of the furnishings and décor begins. Construction of the 62-metre is running on schedule for delivery in 2021. Besides, CRN is also currently constructing another three fully custom yachts – CRN M/Y 137 (62 metres), CRN M/Y 139 (70 metres) and CRN M/Y 141 (60 metres).
November 19, 2019
Mischief, the 54-meter Baglietto, is now available for charter in Sydney through Ahoy Club. This follows the yacht being transported from the Mediterranean earlier this week. Mischief becomes the largest commercial yacht ever imported into Australia.Photo by @sxmlukeNews of her transport to Australia follows Ian Malouf, her Australian owner, purchasing a 73-meter yacht in 72 hours at the Monaco Yacht Show. His new Lurssen, Coral Ocean is set to continue its charming history and charter excellence through Ahoy Club in the Med after a new refit."It will be the largest commercial superyacht ever brought into the country" commented Ian Malouf. "Mischief will show what seven-star service is all about. It's a good addition to Sydney Harbour."54-metre superyacht was launched in 2006 by Italian shipyard Baglietto and was regularly refitted, with the latest in 2018. With newly painted French Navy hull and white boot stripes, her racy lines cuts a sleek form on the water. Her interiors are just as special - the dramatic use of white reflective surfaces accented with blues and blacks gives her a real sense of identity.Malouf’s interest in yachting goes beyond yacht ownership. Last year, together with his daughter Ellie, after four years of preparation they launched Ahoy Club, a digital marketplace of yachts for charter allowing users to book any yacht, anywhere in the world, for the best possible price by reducing commissions through an improved tech stack, that instantly presents users with the choice of over 3,300 yachts available for charter worldwide. Ahoy also handles yacht sales with reduced fees.Earlier this year, Malouf took his vision for simpler charters and more affordable prices to private aviation, co-founding Central Jets The web platform lets users book flights at direct pricing from owners through a simple €199/month subscription. This has allowed users to save up to 50% per flight. The company guarantees the lowest priced jets in the market.
November 19, 2019
Early on Saturday November 16th, properties at Fort Lauderdale went on fire, leading to destruction of two superyachts, the 49-metre Lohengrin and 32.6-metre Reflections. According to Fort Lauderdale Fire Rescue, the estimated loss from the fire is over $20 million. The city fire marshal reported, the fire broke out at around 4.43am, with loud explosions waking up residents. Allegedly, the blaze started on-board Lohengrin and spread to a neighbouring Reflections. It is understood that the two yachts were under maintenance and refit work at the time of the fire.Reportedly, around 100 firefighters from several agencies were called out to the blaze. Many cellphone videos spread on social media witnessed flames going out, with huge plumes of smoke in the air. However, the fire brigade managed to bring it under control.At the moment, no injuries have been reported. It is known , that the four crew members of Reflections were staying at an Airbnb for the weekend.Fort Lauderdale Battalion Chief Stephen Gollan called the yachts destruction “the biggest fire loss in Fort Lauderdale history.” The cause of the fire remains unknown, with investigation to be conducted.Handout/Fort Lauderdale Fire Rescue/TNSIf the fire does not appear intentional from the video materials though, it might be difficult to detect exact source of the fire due to the extent of damage, fire officials said.Officials from the Environmental Protection Agency also arrived on site on Sunday with view on environmental damage, “to control and contain contaminants into the water,” Gollan said. One of the concerns now is to prevent fuel leakage into the river. However, no active leaks were reported on Sunday evening.M/Y LohengrinLohengrin was built by Trinity Yachts in 2007. She features exteriors by Geoff van Eller and interiors by Scott Carpenter. She offers accommodation to up to 11 guests across 5 cabins. In January 2019, she was sold asking $12 million.Reflections was built by Christensen in 1997 with a GRP hull and superstructure. She can accommodate 8 guests across 4 cabins with an interior design by Merritt Knowles and an exteriors by Setzer. In 2016, she was sold asking $4,295,000.M/Y ReflectionsSun Sentinel media reports, the owner of Reflections, Chip McElroy, was present at the fire scene with his family. He has owned the yacht for over three years and has made many family trips to the Caribbean aboard. Reflections had sailed two weeks ago and was in the Fort Lauderdale marina for annual repainting.
November 18, 2019
Dutch builder Moonen Yachts has announced successful joining of the hull and superstructure of the latest Moonen Martinique superyacht. Currently under construction in the Netherlands, the 36-metre YN199 is available for sale, and is on track for a Summer 2020 delivery.The 36-metre motor yacht YN199 is the second yacht built on the semi-custom Martinique platform. She features exterior design from René van der Velden, with naval architecture undertaken by the Dutch experts at Diana Yacht Design in collaboration with René van der Velden. The London-based Studio Indigo is responsible for her sophisticated interior design.Following the keel laying on 14th December 2018, the second hull in Moonen’s Martinique line, the 36-metre motor yacht follows the delivery of her award-winning sistership, Brigadoon, in summer 2018.YN199’s Project Manager, Nicky van Zon, comments on the latest construction milestone: It’s no secret that Moonen has faced a challenging period over the past few months. Regardless, we’ve worked hard to ensure that project delays have been kept to a bare minimum. We’re all extremely proud that we have been able to reduce the delay in the construction of YN199.On-board, the yacht accommodates up to 12 guests across a six cabins, as well as a crew of seven. Her interior design concept remains flexible to allow prospective owners to customise it to personal style and taste. Still, special consideration has been already given to maximising internal areas to enhance a sense of space and ease of movement.Regarding her technical features, the yacht has a high-tensile steel hull and an aluminium superstructure. Reduced construction weight results in a maximum speed of up to 16.5 knots, lower fuel consumption and low noise and vibration levels for comfortable cruising around the world.Following delivery next summer, YN199 will be on display at the 2020 editions of the Cannes Yachting Festival and Monaco Yacht Show. At the moment, Moonen also has one more 36-metre steel and aluminium yacht under construction. Noteworthy, the yard filed for bankruptcy protection with the Dutch court this summer. Later, it has entered into a new ownership under an Australian couple, Matthew and Louise Baxter.
November 15, 2019
Brokerage company SuperYachtsMonaco has presented a new futuristic superyacht concept Project L by French designer Thierry Gaugain. Known for collaborations with Philippe Starck on several yachts including M/Y A, S/Y A and Venus, he is now presenting his solo 120-metre project. Project L will accommodate an indoor and outdoor cinema, nemo room, beach club, spa, gym, live performance area, dive centre, polar gear room, pools and a tender drive-in garage. Designer Thierry Gaugain, working on this project, did not limit himself to established frameworks. For example, it seems that the ship is generally devoid of windows, but this is not so. The area of glazing is actually large, just glass with one-sided visibility.Project L has a focus on sustainable yachting and will be powered by a diesel-electric hybrid propulsion system with azimuthing thrusters fore and aft. She will have an impressive 10,000 nm range at 12 knots and a high capacity waste management system to support her autonomy.She is also designed to be silent on the water. Her original naval architecture allows stable gliding through the water. Her low drag and seamless lines are to ensure best levels of low noise and vibration.Furthermore, Project L will feature a retractable ballast – like a sailboat keel – to adjust stiffness, roll time, feel and stability according to conditions, swell and wind direction when at anchor.Guest capacity of Project L is flexible, depending on her owner's needs. She can accommodate 12 guests with 40 crew plus staff, but it’s possible to expand this up to a maximum of 36 guests and 50 crew.The yacht's interiors will be well-lit, as lots of natural light can flood in. Her lighting system will mirror the hue of natural light as the day passes, promoting wellness and calm on board.The exteriors of Project L will be linked to the interiors by one-way glass which reflects the seascape. Her only exterior light will run the length of the yacht, which can change colour to transform the reflections or her nighttime silhouette. A futuristic concept is now exclusively for sale with SuperYachtsMonaco.
November 15, 2019
