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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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Italian yacht builder Extra Yachts has launched a new corporate identity, marking an evolution in its brand presentation. The updated visual style reflects the company's design approach focused on spacious layouts and customizable features.The rebrand emphasizes Extra's yacht design philosophy, which combines contemporary aesthetics with functional living spaces. Current production models - including the Extra 76, 86, 92 and 100 - feature signature elements such as expansive glazing and seamless indoor-outdoor connectivity.Standard configurations across the range include open-plan main decks with integrated kitchens, flexible outdoor entertainment areas, and smart home technology systems. The shipyard offers three predefined interior styling packages while allowing material customization to meet owner preferences."Extra represents a specific approach to yacht design," a company representative stated. "Our models prioritize usable space and personalization while maintaining structural integrity."Construction of multiple yachts continues at Extra's Massa, Italy facility. Current production timelines average 18-24 months from contract signing, varying by model and customization level. The rebranding coincides with ongoing deliveries from the shipyard's order book.Extra Yachts specializes in the development of yachts with a strong personality. Its distinctive lines are combined in a variety of motor yacht models ranging from 76' to 130' and a 30-meter motor catamaran. Developed thanks to the advanced technical experience of ISA Yachts, Extra offers customers all the advantages of being part of the Palumbo Superyachts network.Credits: Extra Yachts
June 17, 2025
Sacs and Kiton have unveiled their collaborative project, the Strider 13 KNT x Sacs, at the summer edition of Pitti Uomo 2025. The partnership combines SACS’ nautical expertise with Kiton’s sartorial craftsmanship through the KNT - Kiton New Textures project.The result is a unique version of the Strider 13, Sacs’ iconic and most successful model. The vessel measures 13.50 meters in length and is powered by three 400-hp Mercury Verado V10 engines. The design, created by renowned international yacht designer Christian Grande, features elegant and bold aesthetics that reflect the shared values of both brands.Nicola Antonelli, Sacs Tecnorib CMO, commented: “This collaboration stems from a natural convergence between two Italian examples of excellence. On the one hand, the innovative approach of Sacs, which has always reinterpreted boating with vision and courage. On the other, the ability of Kiton – through KNT – to combine the casual and sporty attitude of Strider 13 with an elegance provided by colours, details and fabrics, which further embellish the design.”The onboard design incorporates Kiton’s visual codes, featuring solid teak with cream insets lining the deck, KNT-designed tubes, and cushions with sophisticated color contrasts. Distinctive Etna red varnished details complement the interiors in bleached oak, Nubuk upholstery, and Kiton furniture and fittings.The vessel is equipped with state-of-the-art technology, including an integrated joystick system, dual Raymarine screens with augmented reality, and a sophisticated lighting package. This combination aims to provide an exclusive and immersive sailing experience.Antonio De Matteis, Kiton Managing Director, stated: “At a time when excellence can no longer be confined to the product alone, we felt the need to expand our presence, going beyond the boundaries of the wardrobe. This is not a branding exercise, but a choice fully consistent with the brand identity. We follow our customers along the natural rhythm of their summer journey, from sea to land, accompanying them to the places they live in and in the time they decide to dedicate to themselves.”Christian Grande added: “It was a challenging exercise to combine Strider’s expression of power at sea with Kiton’s more classic style. I wanted to condense all the stylistic contents of the KNT marine collection in a unique edition of the Strider 13 KNT x Sacs, from the alternating sand colours that spill over onto the pure white of this refined maxi-Rib to the material details of the collection itself.”Sacs Tecnorib, formed in 2021 through the integration of Sacs and Tecnorib, has a history dating back to 1989 when Sacs introduced high-end Maxi-Ribs with the Strider range. Tecnorib, founded in 2005 under a licensing agreement with Pirelli, expanded significantly in 2019 with the introduction of the Pirelli Speedboats range.Credits: Sacs, Kiton
June 17, 2025
The Italian Sea Group has announced the delivery of its latest superyacht, M/Y Admiral Raja², measuring 55 meters in length. The aluminum vessel is part of the company’s S-Force line and was fully designed by the Group’s in-house Centro Stile.Raja² was developed in close collaboration with IYC and Med Waves Charters to meet the owner’s specific requirements. The yacht features sleek, dynamic exterior lines with a powerful yet elegant bow and an open stern design that enhances connection with the sea. Large glazing along the superstructure provides extensive natural light to the interior spaces.The yacht’s layout includes a sundeck equipped with a hot tub, sunbathing and dining areas, a touch-and-go helipad, and a spacious garage capable of housing a 7.5-meter tender and various water toys. The interior design showcases contemporary styling with fine materials, including mirrored surfaces, three-dimensional marble work, and rich woods complemented by vibrant accents.Giovanni Costantino, Founder & CEO of The Italian Sea Group, commented: “Raja² is a bold and sophisticated project that combines aesthetics, comfort, and innovative technology in a unique way. We are proud to deliver a yacht that perfectly expresses our values of excellence, craftsmanship, and innovation.”The delivery of Raja² represents another milestone in The Italian Sea Group’s international expansion, further establishing the Admiral brand’s capability to provide customized and innovative solutions for discerning clients worldwide.The Italian Sea Group operates as a major player in the luxury yachting sector, listed on Euronext Milan. The company’s portfolio includes several renowned brands: Admiral, known for elegant and prestigious yachts; Tecnomar, recognized for sporty features and cutting-edge design; Perini Navi, specializing in large sailing yachts; and Picchiotti, featuring classic Italian lines. The Group also manages NCA Refit for maintenance and refit services of yachts over 60 meters.Notably, the company has formed partnerships with luxury brands Giorgio Armani for yacht design collaborations and Automobili Lamborghini for the production of the Tecnomar for Lamborghini 63 limited-edition motor yacht. According to the 2024 Global Order Book by Boat International, The Italian Sea Group holds the top position among Italian superyacht builders for vessels over 50 meters.Credits: The Italian Sea Group
June 17, 2025
Dutch shipyard Oceanco has launched its latest megayacht, Y726, measuring an imposing 111 meters in length and boasting a displacement of 4,550 GT. The vessel is set to undergo sea trials in the coming months before its official delivery later this year.Commissioned in 2022 by an experienced yacht owner and longtime Oceanco client, Y726 features exterior design work by Espen Øino International and interior design by Mark Berryman Design. The naval architecture was developed through a collaborative effort involving Lateral Naval Architects, the Oceanco team, and Dan Jackson of Falcon Yacht Management, who represents the owner.While Y726 ranks among the largest vessels in Oceanco’s portfolio, it is slightly smaller than the yard’s current largest motor yacht, Infinity. Delivered in 2022, Infinity measures 117 meters with a volume of 4,978 GT, compared to Y726’s beam of approximately 15 meters.The new megayacht is equipped with an array of luxurious amenities. The interior includes a cinema lounge, gym, spa facility with sauna and steam room, and a beach club with an outdoor bar leading to a swim platform. Exterior features comprise a winter garden, covered cocktail area, outdoor cinema, private owner’s area with hot tub, and a multi-purpose entertainment zone featuring another hot tub and swimming pool. The vessel can accommodate up to 28 guests and 34 crew members.Lee Archer, programme director at Lateral, commented: “This project is the result of bold design ambition and robust engineering. Through close collaboration with Oceanco and the project’s design partners, Y726 stands as a testament not only to engineering enabling design at the highest level, but also to the power of collaboration as a catalyst for excellence.”Edske Smit, project director at Oceanco, added: “From the outset, Y726 has benefited from a deeply collaborative, trusting, and positive spirit. She is set to be a standout addition to the Oceanco fleet, and we’re grateful for the strong partnerships with our co-makers, design team, and the owner’s team that brought this vision to life.”This launch follows Oceanco’s development of the world’s tallest sailing ship, the 127 meter Koru, reportedly owned by Amazon founder Jeff Bezos.Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.Credits: Oceanco
June 16, 2025
Sirena Yachts has unveiled the interior design details of its latest superyacht model, the Sirena 118. The 36-meter vessel, with a gross tonnage below 300 GT, marks the introduction of the Turkish shipyard’s new, larger composite line.The first hull of the Sirena 118 is currently under construction in Yalova, Turkey, with an expected completion date in 2026. The yacht features Sirena’s distinctive plumb bow design, which provides additional volume within the spacious hull.The vessel’s layout includes an owner’s stateroom occupying the forward section of the main deck, complemented by a VIP cabin and up to four guest cabins on the lower deck. A unique feature of the owner’s suite is the option to span two decks in a loft configuration. The yacht also boasts direct water access via a spiral staircase leading to a large relaxation area with a fold-down swimming platform.The yacht’s naval architecture was developed by renowned Argentinian naval architect Germán Frers, while Sirena’s in-house design team handled the exterior styling. The interior design is the work of Dutch design studio headed by Cor D. Rover, offering a customizable layout emphasizing material layering and natural light.The interior features dynamic wood veneer applications, integrated lighting, and a sophisticated color palette including creamy upholstery, light wood tones, and bronze accents. The design creates a serene atmosphere with soft indirect lighting and natural textures that adapt to changing daylight conditions.Cor D. Rover, founder and director of the design studio, commented: “As a studio, we strongly emphasize client-designer collaboration. The design is a ‘reflection of your intentions’, tailored to suit individual lifestyles and preferences. The presence of ample loose furniture and flexible decor elements also means that it is easily customisable, enabling each yacht to reflect the character and lifestyle of its owner.”In terms of performance, the all-GRP Sirena 118 is equipped with twin MAN V12 engines as standard, providing a total of 3,100 hp. The yacht has a top speed of 16 knots and a comfortable cruising speed of 11 knots. With the optional 3,800 hp engine package, the vessel can achieve a maximum speed of 21 knots.Çağin Genc, CEO of Sirena Yachts, stated: “As construction progresses on the first unit of our flagship Sirena 118 ahead of her launch next year, we are delighted to spotlight the incredible talent of our long-term collaborators at Cor D. Rover. The interior design is sharp and contemporary with a deep appreciation of the yachting lifestyle.”Sirena Yachts is a Turkish yacht brand. The company produces semi-displacement motor yachts ranging from 17m to over 30m.Credits: Sirena Yachts
June 16, 2025