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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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TUI’s newest premium cruise ship, Mein Schiff 7, sets sail with a stunning interior by Tillberg Design of Sweden (TDoS), a member of the Viken Group. This 316-meter vessel features luxurious details such as authentic mosaic flooring, intimate Asian dining options, and a selection of cozy single cabins, all crafted by the pioneers of the 'cruise yacht' concept.As a methanol-ready vessel designed for near-carbon neutrality, Mein Schiff 7 not only redefines technical capabilities but also pushes the boundaries of design. Credits René Supper for TUIA significant transformation took place around the ship's iconic glass diamond structure, where a two-deck atrium – dubbed Große Freiheit in homage to the famous Hamburg street that launched the Beatles – has been reimagined as an Italian piazza by TDoS.Credits René Supper for TUI“The piazza floor features a ceramic mosaic,” explained Malvina Guarnieri, Design Director at Tillberg Design of Sweden. “We designed the tile arrangements in various colors, aiming to evoke the feeling of entering a piazza. Even indoors, we incorporated design elements to create an outdoor ambiance.”Credits René Supper for TUIThis atmosphere is further enhanced by a golden Vespa scooter in the piazza and comfortable outdoor-style seating that offers La Spezia restaurant an inviting essence of relaxed Italian life. In contrast, the Hideki restaurant presents a distinctly different aesthetic, capturing the spirit of Asian dining through traditional wooden beams, rice-paper lanterns, and a beautifully patterned carpet—creating smaller, intimate dining spaces.“We aimed to offer varied seating arrangements for diverse dining experiences, from private rooms to cozy banquettes topped with wooden pergolas for added privacy,” added Guarnieri.Credits René Supper for TUIWith a capacity of nearly 2,900 passengers, Mein Schiff 7 boasts an impressive array of dining options, ranging from the intimate La Spezia to the Japanese-Asian Hideki.“What we appreciate about our designs is that while each area possesses its unique character, they also transition seamlessly from one to another,” Guarnieri noted. “We believe that achieving a sense of 'flow' is essential to the overall experience, easily felt upon boarding. Our designs are welcoming, featuring engaging architectural elements and a pleasing variety without being overwhelming.”TDoS has also introduced a groundbreaking feature to Mein Schiff 7 – single staterooms – catering to the rising demand among solo travelers. Located on Deck 4, there are 26 single cabins, each measuring 8 square meters.These staterooms share the design language of the standard cabins, with muted blues for upholstery, white-stained oak cabinetry, and carpets featuring wavy patterns reminiscent of undulating sand dunes. Beyond their visual appeal, much effort has gone into ensuring these cabins are as sustainable as possible.“We considered the environmental properties of every material, focusing on local sourcing and emissions,” Guarnieri stated. “For instance, we chose the Dansk Wilton Origin collection for carpets, which utilizes undyed wool. Our design approach encompasses both the standard and single staterooms.”As part of the Viken Group, Tillberg Design of Sweden collaborates with a network of elite design talent, including Italy’s famous Hot Lab design studio and Thalia Marine. With extensive experience in the luxury cruise ship sector and a wealth of expertise in yacht design, this synergy of ideas and techniques fuels the creativity of this formidable design powerhouse.The Viken Group includes Tillberg Design of Sweden, Hot Lab and Thalia Marine. It has been established to gather leading and passionate companies, with similar ideas and business ethics, under one umbrella. This enables it to provide a full range of completely aligned and comprehensive design, naval architecture and project management services.Credits: Tillberg Design
October 24, 2024
The Italian Sea Group has announced its latest project, the "ADM 75m," designed to cater to the increasing demand for yachts exceeding 70 meters. This new addition to the Admiral fleet aims to elevate the standards of elegance and comfort on the water.Building on the successful debut of the Admiral Jas 66m and Admiral Platinum 78m at the Monaco Yacht Show 2024, the TISG Style Centre and technical team have crafted a groundbreaking project that reimagines onboard livability while optimizing both interior and exterior spaces.A hallmark of the ADM 75m is its innovative engine room configuration, which facilitates a more efficient layout of surrounding areas, thus enhancing guest comfort. The yacht's stern boasts revolutionary features, including a beach deck with a swimming pool that seamlessly integrates into a luxurious beach club, complete with four fold-down balconies and direct access to guest cabins.To maximize the connection with the outdoors, the yacht's design incorporates expansive windows on all decks, flooding the space with natural light and offering inviting "al fresco" areas.The layout includes seven stylish and spacious cabins: four on the lower deck, a VIP cabin, and two master suites, including one located on the upper owner's deck.Moreover, the ADM 75m is equipped with an advanced diesel-electric propulsion system, underscoring the Group's dedication to environmental sustainability and technological innovation.The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: The Italian Sea Group
October 24, 2024
Ocean Alexander has announced the successful sale of its remarkable 32 Meter Explorer (32E). This transaction, facilitated by Brandon Flaherty of MarineMax Fort Myers in partnership with MarineMax Yachts, represents the first Ocean Alexander vessel for the new owners.The relationship with the clients began through their connection with the owner of an Ocean Alexander 35R, and it flourished as they shared memorable cruising experiences aboard the yacht FarNiente over the past three years. Inspired by these journeys, the owners decided to upgrade from their 86-foot Sunseeker, ultimately selecting the new vessel in November 2023 after evaluating multiple luxury yacht brands. The 32E was chosen for its exceptional spaciousness, impressive crew accommodations, and upscale interior features.“The 32E is an ideal choice for the owners,” Flaherty commented. “They were particularly impressed by the smart use of space, full-sized furnishings, and high-quality appliances that maintain comfort while embodying a European design aesthetic. Additionally, the yacht's rugged reliability was crucial, as the new owners plan to extensively utilize it – logging over 500 hours annually – for private cruising and entertaining family and friends in Florida and the Bahamas.”The Ocean Alexander 32E redefines the yachting experience, skillfully blending stunning vistas with robust performance. The five-stateroom layout boasts a spacious on-deck owner’s suite featuring floor-to-ceiling windows for panoramic views, alongside three crew staterooms and two heads. The thoughtful design ensures ample storage and high-end living spaces, all while maintaining impressive performance capabilities.With its durable systems and established reliability, the 32E is tailored for extensive use, making it the perfect option for seasoned yachtsmen. The vessel will be based in Fort Lauderdale and Fort Myers, Florida.Ocean Alexander is a family business. Two generations of one family have guided the shipyard for almost four decades. With manufacturing in Taiwan, Ocean Alexander is consistently one of the top selling brands for large yachts in the U.S. and currently produces models ranging from 26 to 36 meters in length. Credits: Ocean Alexander
October 24, 2024
Turkish Mengi Yay Yacht has unveiled the interior visuals of the Serenissima I (S1), the inaugural model from its sub-500GT series, following its introduction at the Monaco Yacht Show this year.Crafted by the esteemed Italian design firm Nuvolari Lenard, this 47.5-meter yacht was commissioned by a discerning owner seeking the expansive deck and interior comforts of a larger vessel in a more Mediterranean-friendly format. Standout features include a private elevator, an exclusive owner's deck, and a generously sized sundeck.The S1 model boasts a robust steel hull coupled with an aluminum superstructure, designed for both impressive range and speed. With naval architecture by the Dutch studio Van Oossanen Naval Architects, the yacht's innovative hull design provides a range of 4,000 nautical miles at a cruising speed of 12 knots.The interiors have been meticulously crafted by the Nuvolari Lenard team under the artistic direction of Valentina Zannier. The rich visual palette showcases textured wood panels and bronze accents, enhanced by floor-to-ceiling windows that invite sunlight into all living areas.Accommodations on board include four cabins, with two adaptable into a luxurious VIP suite via a movable partition. The owner's deck on the bridge level is thoughtfully designed with a rear-facing suite featuring an en-suite bathroom offering stunning views, as well as a private terrace that enjoys protection from the sundeck overhang for year-round usability.The shipyard asserts that the sundeck is arguably the largest in its class, complete with a sunbathing area, a mini pool offering forward views, and a fully sheltered lounge. Additionally, the main saloon is designed for utmost comfort, featuring a balcony and a wine cellar.The exterior beach club and cockpit are fully protected, featuring plush seating arrangements, a bar, and folding bulwarks for easy access. An impressive retractable crane, capable of lifting up to 2.6 tonnes, can accommodate a large tender or vehicle, with ample storage for dive gear, a 7.2-meter guest tender, two additional tenders, and a Jet Ski.Serenissima I is currently listed for sale through Northrop & Johnson.Mengi Yay Yachts was founded in 1964 in Turkey. Now the company owns one of the largest (19,365 sq m) yards that were specifically designed for the refit and refurbishment of existing craft as well as the manufacturing of the new motor and sailing yachts. Credits: Mengi Yay Yachts
October 23, 2024
The Fort Lauderdale International Boat Show 2024 marks a significant moment for Pardo Yachts as they unveil the Pardo GT75, the latest flagship of their GT range, setting new benchmarks in luxury yachting. Designed to redefine the relationship between a yacht and the sea, the GT75 embodies the perfect blend of distinctive aesthetics, robust performance, and unrivaled comfort.Measuring nearly 23 meters, the Pardo GT75 is a stunning representation of the iconic Pardo Yachts design philosophy. It features a reverse bow and forward-leaning windshield, allowing for an unparalleled connection with the surrounding waters. Promoting an upscale lifestyle, Gigi Servidati, President of Cantiere del Pardo, describes the vessel as “a luxurious villa on the sea,” tailored for a sophisticated experience.Under the hood, the GT75’s performance is nothing short of remarkable. Equipped with a standard engine package of three Volvo Penta IPS 1050 engines, generating an impressive 800 hp each, it offers superb fuel efficiency and powerful handling. The hull has been meticulously optimized to harmonize with the propulsion system, ensuring a smooth and quiet ride, regardless of the sea conditions. Additionally, with a vast fuel capacity of 4,100 liters and a 1,100-liter water tank, the GT75 promises an extended range perfect for longer voyages.Handling the Pardo GT75 is effortless, thanks to its raised central dashboard and strategic design features, including a bow thruster and gyro stabilizer. This thoughtful engineering simplifies maneuverability, enhancing the experience of docking and exploration.A standout feature is the elegant design, which transforms the yacht into a serene sanctuary, blending spacious interiors with an airy ambiance. Featuring generous sun decks, openable wrap-around windows, a multifunctional stern transformer, and deployable side terraces, the GT75 redefines outdoor living. The electrically liftable sundeck provides unique storage for a 3.7-meter tender, merging convenience with luxury.Inside, the GT75 offers a choice of layouts, including a galley-up or galley-down configuration, each thoughtfully designed for interaction and comfort. The spacious main deck flows seamlessly into the cockpit, making it ideal for entertaining or relaxing. The lower deck can accommodate varying sleeping arrangements, including a full-beam owner’s stateroom and up to four cabins, ensuring comfort and privacy for all onboard.Cantiere del Pardo was founded in 1973 in Italy. Pardo Yachts, the brand of Cantiere del Pardo dedicated to powerboats, was born in 2016. The first model, the Pardo 43, was launched in 2017. Grand Soleil was founded in 1973 and is famous for its yachts, which ensure performance for regattas, autonomous long-distance navigation, as well as a high level of sustainable consciousness.Credits: Alberto Cocchi/Cantiere del Pardo
October 23, 2024