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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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On 14th May 2019, the Port of Amsterdam finalised the acquisition of the former Holland Jachtbouw shipyard in Zaandamm. Subsequently, Dutch builder Royal Huisman has moved into the facilities on a long-term agreement, strengthening its business position in Amsterdam.Jan Timmerman, CEO of Royal Huisman highlights: Extending our facilities in the Amsterdam region, we will be able to properly meet the growing demand among current and new customers. This second shipyard will, over a longer period of time, serve as an excellent addition to our existing site in Vollenhove, both for new builds and for refits.The new facility will add extra 12,000 sqm to 58,000 sqm of new build and refit space, combined together to 70,000 square metres under the Huisfit brand. The company aims to generate high-quality jobs in, as well as bring innovation and craftsmanship to the Amsterdam region.Koen Overtoom, CEO at the Port of Amsterdam, explained to Superyachtnews:Our acquisition of the shipyard and the decision to lease it to Royal Huisman is a boost to the manufacturing industry, which adds significant value to our port. The arrival of Royal Huisman to the Amsterdam port region is one step further towards fulfilling our goal of becoming a superyacht hub. The Amsterdam area is highly sought-after by yacht manufacturers owing to its highly skilled workforce, international airport and the celebrated Dutch sense of enterprise.Meanwhile, the port of Amsterdam is gradually enhancing the region as a superyacht hub, with not only Royal Huisman, but also Feadship officially opening new facilities in Amsterdam earlier this month.The Amsterdam location will become the third one operated by Royal Huisman, alongside its facilities in Vollenhove and Emden. The recent projects by Royal Huisman included the refit of two of the world’s largest sailing yachts, Eos and Athena, with 93m EOA relaunched earlier this year.
May 22, 2019
Last week, British builder Princess Yachts launched the new 15.5-metre F50 flybridge yacht, the fifth one in the F Class line. The F Class range is conceived by the builder as vessels with innovative use of space, alongside with focus on design, manufacturing quality, stellar performance and sea-keeping.The yacht designed by Princess Design Studio and the builder’s long-time collaborator, naval architect Bernard Olesinski, will feature a top speed of 36 knots thanks to two Volvo IPS 800 engines.The design concept was developed with on-deck living in mind, allowing guests move easily between exterior and interior areas. The yacht offers accommodation for up to six guests below deck, within a full-beam en-suite master stateroom, a forward en-suite cabin and a twin. Natural light fills all of them from the sweeping hull glazing. The F50 is trademarked with spacious cockpit seating area connected to the aft galley. Forward of the galley, there lays the saloon with a U-shaped sofa and a dining table for six. The latter can also convert to a comfortable berth in the dining area when needed. The F50’ spacious foredeck boasts a luxurious sunpad, perfect for reclining and relaxing in a secluded bay. Techno wise, the dual-station instrumentation and latest Volvo-Garmin navigation and control systems enable helming the yacht from both the main deck and flybridge for precision manoeuvring. Princess X95The F50 joins the F45, F55, F62 and F70 in the all-new line-up of Princess Yachts’ F Class. The line will soon also be joined by the brand’s newest concept X95, the so called "luxury SUV of the seas".
May 22, 2019
Millennial superyacht owners are on the rise, reports Business Insider. They have already caused a shift in most industries, and the world of yachting is not an exception. In order to cater the younger generation needs, yacht brokers will have to adapt to their preferences and lifestyle, while those who stick to the traditional ways of yachting will be inevitably left behind. Image courtesy: Kuznetcov_Konstantin/Shutterstock via Business Insider#1. The yacht owners will get 10-15 years younger in the next 20 years.Of the top 100 billionaires worldwide, 20% are below age 50, while superyacht owners are 10 to 15 years younger compared to 20 years ago, according to a new research by shipyard Rossinavi and the International University of Monaco. Furthermore, they are expected to get even younger — within the next 20 years, the median age of superyacht owners will decrease from the 45 to 55 range to the 35 to 45 range, according to Business Insider.#2. The mindset is changing, with the trend towards chartering over ownership.This new group of superyacht owners views yachting as "an occasional pastime rather than an enduring passion," according to the Monaco Yacht Show media packet. Still developing their business interests, self-made millennials consider a yacht as only one component of their fast-moving lifestyle.Instead of materialistic attributes of luxury lifestyle, millennial superyacht owners prioritise adventure, water sports and exterior space. For them, life experiences take priority over material possessions.For Millennials, travel is no longer a planned venture to be prepared and booked well in advance. The younger crowd prefers the freedom of chartering as it allows them to jump from one yacht in Monaco to another in Santorini without being tied to a physical boat. It is definitely a different concept from the traditional two-week summer cruise.Erwin Bamps, CEO of Emirates-based shipyard Gulf Craft expresses his opinion as follows:We are going to see a time when the traditional idea of yacht ownership starts to follow the same path as car sharing services; more convenient than a traditional taxi, and a real alternative to owning a car. The same principle will easily apply to luxury yachts. Imagine a global, technology-driven service that delivers the yacht you want, at the location you want, at the time you want, and can arrange a private jet to fly you there.#3. The Millennials' different preferences may change yachting in terms of design and selling tactics.The way people consume superyachts has changed, also reflecting in yacht design. According to the MYS packet, formal dining rooms and salons will be less evident as yacht designers turn to gyms, spa, water sports and spaces that enable open-air socialising to accommodate millennials' desires.And those who custom order superyachts are no longer requesting offices on-board, according to Business Insider. They prefer to be able to relax during their yachting cruises instead.With this upcoming wave of superyacht owners preferring to charter, yachting companies will likely have to shift their tactics of yachts selling. Most likely, they will need to make contacts with potential buyers through social media for a more immediate, personal form of communication.However, in general, all the changes should be understood as an evolution rather than a drastic change. The MYS packet stated:According to the study, millennials are going to do things differently and the product will have to be re-packaged, but the yachts will not change that much and the ownership concept will not go away anytime soon. They will want their own product like the rest of us. Things change, but human nature stays the same.
May 21, 2019
Mondomarine shipyard, recently acquired by the Palumbo Group, has introduced a brand-new Classic line. The new line is conceived as a revisited version of the distinctive historic Mondomarine’ style.The Classic line models will initially range between 43, 50 and 63 metre, all with semi-displacement hull and low draft to access the most exclusive beaches and shallow waters, among others, the Caribbean.The first project out of the new line, the Classic 50 metres, will be developed by Luca Dini Design Studio, also entrusted by the yard for the new ‘Discovery' line.Luca Dini, for whom the 60-metre M/Y Sarastar delivered by Mondomarine in 2017 became a starting point, explains: Speaking of external lines, our target was an evolution, yes, but without distorting the original design of that boat characterised by a sporty and elegant footprint with a combination of corners and curves, sinuous shapes and angles that, far from being strident, was quite harmonious. In short, a creative review that, paradoxical as it may seem, translates into a Modern Classic.Remaining true to the distinctive Italian tradition, the new line bestows a contrast between sharp edges and sinuous lines, soft and pronounced curves, reaching an overall coherent and elegant look.Various aesthetic details and engravings have been added both to the hull and the superstructure, creating a play of light and shadows when in the sun. Those elements recall the typical design of classic Italian cars, as Luca Dini drew inspiration from the Ferrari and Lamborghini Gran Turismo models.The Classic 50 metres will offer accommodation for up to 10 people within four guest rooms on the lower deck and a spacious master suite with two private balconies on the main deck. The crew area is designed to house up to 10 people.Prior to financial difficulties, that lead to the company’s acquisition by Palumbo Superyachts, Mondomarine had been a significant player on the Italian yacht stage, delivering in excess of 30 yachts during a 25-year period. Some of the most recent ones have been the 60-meter Sarastar delivered in 2017 and the red-coloured 50m Ipanema launched in 2016.
May 21, 2019
Italian builder Cerri Cantieri Navali (CCN) has launch its latest superyacht, the 31.2-metre Vanadis at their facility in Avanza, Carrara. The fourth unit in the shipyard’s ‘Fuoriserie’ fully-custom line will go to a European owner.<blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/Bxg8bdnIaYL/" data-instgrm-version="12" style=" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);"><div style="padding:16px;"> <a href="https://www.instagram.com/p/Bxg8bdnIaYL/" style=" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;" target="_blank"> <div style=" display: flex; flex-direction: row; align-items: center;"> <div style="background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;"></div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;"> <div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;"></div> <div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;"></div></div></div><div style="padding: 19% 0;"></div> <div style="display:block; height:50px; margin:0 auto 12px; width:50px;"><svg width="50px" height="50px" viewBox="0 0 60 60" version="1.1" xmlns="https://www.w3.org/2000/svg" xmlns:xlink="https://www.w3.org/1999/xlink"><g stroke="none" stroke-width="1" fill="none" fill-rule="evenodd"><g transform="translate(-511.000000, -20.000000)" fill="#000000"><g><path d="M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631"></path></g></g></g></svg></div><div style="padding-top: 8px;"> <div style=" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;"> Посмотреть эту публикацию в Instagram</div></div><div style="padding: 12.5% 0;"></div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"><div> <div style="background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"></div> <div style="background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"></div> <div style="background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"></div></div><div style="margin-left: 8px;"> <div style=" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"></div> <div style=" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)"></div></div><div style="margin-left: auto;"> <div style=" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"></div> <div style=" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"></div> <div style=" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"></div></div></div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"></div> <div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"></div></div></a><p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;"><a href="https://www.instagram.com/p/Bxg8bdnIaYL/" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;" target="_blank">Публикация от CCN - Cerri Cantieri Navali (@ccn_yachts)</a> <time style=" font-family:Arial,sans-serif; font-size:14px; line-height:17px;" datetime="2019-05-16T07:18:18+00:00">16 Май 2019 в 12:18 PDT</time></p></div></blockquote> <script async src="//www.instagram.com/embed.js"></script>Vanadis is named after a goddess from the Norse mythology, standing for war, death, love, beauty, fertility and gold. Described as 'truly European project’, the yacht features fully-aluminium construction, with both exteriors and interiors developed by Dutch studio Guido de Groot, along with naval architecture by the Dutch studio Ginton Naval Architects. Furthermore, the technical on-board solutions employ work by Siemens and Schottel. The yacht offers accommodation to up to six guests within a master suite and two guest doubles on the lower deck. The crew capacity on-board makes 4 people.The indoor areas of the main deck include a spacious salon furnished with a large L-shaped sofa, a dining area and an open galley behind the wheelhouse. Two comfortable lounge areas both forward and aft lay on the main deck, as well. On the flybridge, there is the second pilot station with sun loungers, a bar area and a dining area, designed for outdoor relaxation.Equipped with two Schottel STP 150 FP azimuth thrusters, the yacht is driven by a hybrid system. The system deploys traditional diesel engines along with an electric engine supplied by generators or batteries. That ensures low diesel consumption and limits environmental impact, as well as increases comfort on-board through reduced noise and vibrations both at anchor and while cruising. Furthermore, the yacht also comes equipped with both gyroscope- and fin- anti-rolling stabilising systems.The launch of Vanadis demonstrates the Italian boatbuilder's move towards building more environmentally efficient, lower consumption superyachts as the motor yacht is the first vessel in CCN's new 'E-Prop' line of hybrid propulsion crafts.CCN’s CEO Diego Michele Deprati explains:The Vanadis opens up a new era for CCN. We want to be pioneers in promoting a cultural revolution that we deem essential to truly respecting our planet.He highlights:Green technology' is the way ahead our shipyard has chosen for the future. The new “E-Prop” range has been born with a view to widening and deepening current research on innovative technological devices and solutions, with the final goal of safeguarding the Earth, which has now become an imperative.Thanks to her double CAT C9.3 B engines, Vanadis reaches the top speed at 12.5 knots and cruises at 8 knots under electric mode. She is also fitted with a set of AKASOL lithium-ion batteries (175 kWh), allowing her to remain at anchor at zero emissions for up to 17 hours in a row and to cruise at limited speed for up to 120 minutes, depending on the power load. The launch of Vanadis demonstrates the Italian builder's course towards more environmentally efficient, lower consumption superyachts, as Vanadis is the first vessel in CCN's new 'E-Prop' line of hybrid propulsion crafts.The general move towards eco-efficient yacht production has been recently on trend, for instance, with Dutch builder Feadship, opening new eco-friendly facility in Amsterdam or introducing new 65m concept Silence with plastic removal system on-board.
May 21, 2019