Malaysia-based entertainment conglomerate, Genting Group has increased its ownership stake in Italian shipyard, Wider to a 100% through its cruise line arm, Genting Hong Kong, expanding its interests in the yachting space further.
Established by Tilli Antonelli, former CEO of Pershing (acquired by Ferretti Group), Wider Yachts was established in 2010 with first a 13-meter model, the Wider 42, whose prime selling point became the extendable platform located amidst ship.
Wider's plans to build larger yachts were however publicly introduced in 2011 when Antonelli announced the Wider 150. A year later the 47-meter was under construction, following a switch from composite to aluminium and other design changes.
According to the Timeline index, the Wider 150 was sold in May 2013 with a last recorded asking price of near €22 million. In 2015, the newly named Genesi was made available for sale once again by the shipyard asking €26,5 million and ultimately sold to a Canadian buyer in December 2016, who renamed her to Bartali.
Genting's involvement with Wider however began back in December 2012 when the conglomerate made an investment in the Italian shipyard via a capital increase that saw it gain a 50% stake in the company. "I decided to back Wider as I was impressed both with its course of development and its ability to establish itself on the international market." commented Genting's chairmain, Tan Sri Lim Kok Thay at the time of the investment.
The Malaysian conglomerate's involvement with Wider Yachts didn't however limit itself to it owning 50% of the company as the Genting Group also bankrolled the ongoing construction of Project Cecilia, the first Wider 165, as well as ordered 4 smaller Wider models from the shipyard, as a regulatory filling from December 2014 shows.
Project Cecilia is currently for sale with a last recorded asking price of €30 million, however should a sale not occur prior to its Q1 2018 delivery, it is likely that the Genting Group will take delivery of the yacht. At the time of the sale of the Wider 150, the shipyard stated that Genesi was originally intended for the current owner of Project Cecilia, which is the Genting Group as fillings show.
The Malaysian group's interests in yachting do not limit themselves to Wider Yachts as Genting Group owned a 24,85% stake in Grand Banks Yachts in December 2014 as well as a 15% stake in luxury submarine manufacturer U-Boat worx. Regulatory fillings in December 2014 valued the group's yachting interest, including its share in Wider, at just under $38 million.
Genting's chairmain, Tan Sri Lim Kok Thay, whose net worth is valued at $4,5 billion by Forbes, became involved in U-Boat worx through an investment he made back in December 2013. "This is an innovative product that offers the unique experience of deep-sea exploration and ocean diving without getting into scuba gear" commented Genting's chairman at the time of the investment.
In 2015, Genting Hong Kong acquired a majority stake in Lloyd Werft, the German shipyard at which it had several cruise ships on order for its Crystal Cruises line, for €17,5 million. Mostly known for cruise ship construction, Lloyd Werft is also the shipyard behind the construction of 114-meter explorer, Luna for Russian oligarch Roman Abramovich now owned by Farkhad Akhmedov.
The Genting Group's expanding interest in the yachting business in recent years comes in a strong trend of large corporations from Asia entering yachting. Indeed, in January 2012, Chinese conglomerate, Weichai acquired a controlling stake in Ferretti Group, which recently posted profits for the first time since 2008. In 2013, Sunseeker was acquired by the China-based, Wanda Group. In 2016 Lai Sun Group acquired near half of Camper & Nicholsons International.
The upcoming South Coast & Green Tech Boat Show 2025 at Ocean Village Marina in Southampton will showcase several world and UK premieres from leading marine manufacturers. The event, scheduled for May 9-11, will highlight new models across both power and sail categories with a focus on innovation and sustainable technologies.Among the notable debuts, Cockwells Modern & Classic Boatbuilding will present the Hardy 45 European, making its world premiere. The 45-foot vessel combines offshore capabilities with inland waterway navigation, powered by twin Yanmar 440hp engines reaching speeds up to 28 knots. Dave Cockwell, Founder and Sales Director, stated: "Our all-new Hardy 45 European provides an extraordinarily luxurious and secure environment for ocean crossings and long-distance cruising."Hardy 45The show will introduce four models to the UK market for the first time, including the BENTE28 sailing yacht with its distinctive IMOCA-style dodger, the high-speed Delta 33 Coupé from Sweden, the modular Axopar 29 Sun Top adventure boat, and the versatile Saxdor 340 GTWA walkaround cruiser.Hanse 360Additional show debuts will feature the award-winning Hanse 360 sailing yacht, recently named European Yacht of the Year 2025, alongside the FJORD 39 XL powerboat and the Absolute 47 Fly flybridge cruiser. The Hanse 360 offers an optional sustainable sail package using recycled materials.Absolute 47 FlyTim Mayer, Sales and Marketing Director at MDL Marinas, commented: "Each year the South Coast & Green Tech Boat Show grows in scale and significance." The event will display over 90 boats both in-water and shoreside at the Harbour Hotel Southampton location.Credits: South Coast & Green Tech Boat Show
May 6, 2025
Benetti has launched FB287, a fully customized 67-meter steel yacht from its B.Now series featuring the Oasis Deck® design. The vessel represents Benetti's steel-hulled superyacht expertise, with exterior design by RWD and interiors by Sinot Yacht Architecture & Design. Engage Maritime served as owner's representative throughout the project."The launch of FB287 demonstrates the capabilities of the Benetti shipyard and the possibilities for clients to realize their ultimate expression of the yachting lifestyle," said Daniela Petrozzi, Benetti Sales Director.Key customizations include a rectangular elevator, marble guest staircase with glass balustrade, widened corridors, and multiple pool areas - an infinity pool on the Oasis Deck®, a spa pool on the observation deck, and a reflecting pool with waterfall effect on the owner's deck. The yacht features a lower-deck spa complex with sauna and steam room, a main deck saloon with grand piano, and an entire upper deck dedicated to the owner's private use.Originally conceived with light beach house interiors, FB287's owner requested a darker, richer aesthetic inspired by Gatsby-era styling. The final design incorporates woods like sycamore, ebony, and macassar, along with specialty marbles and metal detailing. Despite the dramatic style change from initial concepts, the design maintains seamless flow between interior and exterior spaces through coordinated material selections.Following launch, FB287 will undergo sea trials before scheduled delivery this summer. The project marks Benetti's successful adaptation of its B.Now platform to meet specific owner requirements while maintaining the series' signature indoor-outdoor living philosophy.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Giuliano Sargentini/Benetti
May 6, 2025
The 35.51-meter sailing yacht Kiboko 4, designed by Nauta and built by Southern Wind, has been named "Sailing Yacht of the Year" at the 2024 World Superyacht Awards. This marks the second accolade for the SW108 series, following the recent regatta victories of sistership Gelliceaux at the St Barths Bucket and Ibiza JoySail events.Developed with naval architecture by Farr Yacht Design, Kiboko 4 was conceived to deliver optimal sailing performance while maintaining comfort for both competitive racing and leisure cruising. The owner's specifications emphasized enhanced speed, superior handling characteristics, and versatile functionality across different sailing conditions.The yacht's exterior showcases Nauta's signature GT styling with clean, modern lines and practical deck arrangements. Notable features include a composite coach roof with distinctive lightning bolt detailing, a color scheme pairing a dark hull with light grey superstructure, and an innovative transom that converts between tender garage and beach club configurations. Sustainable materials were incorporated throughout, including decking sourced from responsibly managed forests.Internally, the design team created a contemporary interior with Mediterranean influences. The layout maximizes natural light through generous hull windows and a saloon skylight, while material selections combine light oak woodwork with walnut accents and custom fabric treatments. Accommodation includes four guest cabins and three crew cabins, with the owner's suite positioned forward for privacy."We wanted to create something that embodies the owner's vision of blending performance with beauty, all while offering the versatility required for both thrilling regatta sailing and serene cruising," said Massimo Gino, CEO of Nauta.The award recognizes Kiboko 4's successful integration of high-performance sailing capabilities with refined living spaces, establishing it as a notable example in the superyacht sailing category.Southern Wind is a boutique bluewater sailing yacht shipyard founded in Cape Town in 1991. Since its foundation, SWS has specialized in the production of semi-custom high-performance superyachts. Credits: Southern Wind
May 6, 2025
Pearl Yachts will debut its new Pearl 63 model in the UK at two May events: the South Coast & Green Tech Boat Show (May 9–11, Southampton) and the British Motor Yacht Show (May 15–18, Swanwick Marina). This follows the yacht's global premiere at the 2025 Palma International Boat Show.The Pearl 63 builds on the award-winning Pearl 62 design, offering a 60-foot yacht with family-friendly features. Key specifications include:Aft Cockpit: Opening side balconies and convertible L-shaped sofa seatingSaloon: Family-sized dining table and multifunctional chaise longueFlexible Space: Tender garage (fits Williams MiniJet 280 or SeaDoo Spark) or optional crew cabinAccommodation: Four cabins for eight guests, including a full-beam master suite with private access and panoramic windowsInteriors: Four design themes by Kelly Hoppen InteriorsPerformance: Optional 2 x Volvo Penta IPS 1350 engines for speeds up to 33 knotsIain Smallridge, Managing Director of Pearl Yachts, stated: “We are delighted to bring the Pearl 63 to British shores for the first time, and to do so at two events that represent the heart of UK yachting. These shows may be more intimate than their international counterparts, but they are no less important.”The Pearl 63 targets owner-operators seeking a balance of luxury and practicality. Both UK events provide opportunities for direct client engagement ahead of the model’s 2025 delivery schedule.Pearl Yachts was founded in 1998 and has now become one of the UK’s most prominent shipyards. Every Pearl motor yacht is designed and built by experienced craftsmen. Pearl’s fleet consists of the new Pearl 62, the Pearl 80 and the Pearl 95. All newly launched Pearl Yachts are covered by a unique, comprehensive five-year warranty program.Credits: Pearl Yachts
May 5, 2025
Winch Design has revealed the interior of the ninth hull in the Amels 60 Limited Editions series, developed in collaboration with Dutch shipyard Amels. Launched in 2019, the Amels 60 offers semi-custom construction with full-custom flexibility, balancing reduced delivery times and personalized design. The exterior was designed by Espen Øino.Winch Design previously handled interiors for Come Together, hull three and hull six 21.12. Come Together received a World Superyacht Award and an ISS Award in 2023.The ninth hull’s interior draws inspiration from the Pacific Islands, with each deck reflecting different natural elements. Materials include wood, stone, plaster, and leather, complemented by marble accents. Carved wood flooring in the beach club reinforces a barefoot-living concept, while curved forms and a soft palette promote relaxed sophistication.The lower deck features warm, earthy tones reminiscent of sand and forests, while the main deck incorporates oceanic blues. A central staircase, inspired by Pacific rainforests, connects the decks and leads to a bridge deck designed to evoke tropical greenery.“We created a refreshing interior derived from the Pacific Islands, with a focus on vegetation, the ocean and the sky,” said Jim Dixon, Managing Partner & Creative Director at Winch Design. “We started with a neutral and natural canvas and created unique features such as a back-lit onyx wall with an internally illuminated sculptural staircase column.”Hull 6009 remains under construction, with delivery scheduled for 2026. The yacht is currently available for purchase, allowing the new owner to finalize select details.Damen Yachting, a division within the Damen Shipyards Group, was created in 2019. The division combines the pedigree and heritage of Amels yachts with a growing portfolio of SeaXplorer yachts and Yacht Support vessels.Credits: Damen Yachting
May 5, 2025