Giovanna Vitelli, Chair of Azimut|Benetti Group, has been honored as the National Winner of the 2024 EY Entrepreneur of the Year® Award, marking the twenty-seventh edition of this prestigious recognition.
The award was conferred by an independent jury comprising representatives from various institutions, economics, and industry sectors, who commended Vitelli for her leadership in steering the company towards not only increased growth and profitability but also for her commitment to technological innovation, sustainability, employee welfare, and corporate social responsibility.
Giovanna Vitelli
This accolade is bestowed annually by EY, the global leader in professional services, on Italian entrepreneurs who significantly impact their country’s economic, social, and environmental landscape. The award recognizes those who excel in transformation, innovation, and sustainability amid evolving challenges.
Vitelli began her journey in corporate law before joining the Board of Directors of her family-owned Azimut|Benetti Group in 2000. She advanced through the ranks, eventually becoming Chair in 2023. Under her leadership, the Group — a global leader in mega yacht manufacturing — reported a revenue of 1.3 billion euros in the last financial year, reflecting a remarkable 55% growth over the past four years.
Staying true to the mission and values instilled by her father, Vitelli emphasizes continual investment in innovation as essential to maintaining leadership and creating value for both people and the local community. The Group's product development strategy aligns with the aspirations of both the Azimut and Benetti brands, focusing on setting new trends in onboard lifestyle and pursuing technological advancements to minimize environmental impacts.
Since the start of her entrepreneurial journey, Vitelli has challenged conventional nautical design by encouraging teams to rethink onboard spaces, resulting in offerings that emphasize contemporary living with a focus on elegance, conviviality, and connection to the sea. Noteworthy innovations include Benetti's Oasis Deck® and Azimut's Seadeck Series, both of which have become market leaders.
In terms of environmental sustainability, the Group's strategic approach melds practical solutions with visionary goals, achieving leading results in emissions reductions through advancements like weight reduction, high-efficiency hull designs, hybrid propulsion, and smart onboard power management. Additionally, in partnerships with independent organizations and academic institutions, they advocate for establishing certification standards for consumption and emissions, promoting a more responsible industry.
To support this vision, Vitelli has initiated efforts to enhance managerial culture and governance, establishing the Azimut|Benetti Group Corporate Academy, which focuses on professional development and the cultivation of Italian excellence in technology, engineering, and manufacturing, while also aiding the next generation entering the yachting sector.
"This award signifies recognition for the achievements of our entire Group as we guide our clients into a new era of yachting and a renewed relationship with the sea,” stated Giovanna Vitelli. “As a family company, we have the unique opportunity to focus on long-term value. Today, that commitment means reducing emissions to foster a more sustainable nautical industry that can inspire others to follow suit, all while merging unparalleled beauty with advanced technology. I extend my gratitude to the 2,250 dedicated individuals at Azimut|Benetti Group worldwide, who, alongside me, continue to navigate this journey."
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: Benetti
Turkish shipyard Ares Yachts has introduced its first superyacht, the 62-meter ketch-rigged Simena. The steel-carbon composite vessel will debut at the 2025 Monaco Yacht Show (September 24-27) after completing sea trials.Designed to RINA Charter Class C standards, Simena ranks among the world's top 25 largest sailing yachts. Taka Yacht Design developed the exterior, while Design Unlimited created the interior blending classic and contemporary elements. The yacht features teak decks, mahogany joinery, and a hybrid propulsion system enabling silent electric operation up to 6 knots or 14.5-knot top speed with diesel assistance."Simena blends classic ketch elegance with cutting-edge technology," said Piraye Sahinkaya Orhun, Ares Yachts Projects Director. The yacht accommodates 12 guests and 9 crew, with a main-deck owner's suite and transatlantic range of 4,000 nm at 11 knots.Interior materials include walnut cabinetry, textured leathers, and marble-clad bathrooms. Northrop & Johnson holds the exclusive listing. Ares Yachts, situated in Antalya Free Zone on Turkey’s south coast, spans 40,000 square meters of build space across four large sheds. Besides Simena, the shipyard is concurrently working on other projects, including the 50m motor yacht Spitfire and a 54m explorer yacht known as Project Atlas. Additionally, Ares Yachts is developing a 65-85m yacht range in collaboration with Lateral Naval Architects.Credits: Ares Yachts
July 5, 2025
Columbus Yachts has started building its new 48-meter Crossover model at Palumbo Superyachts' Savona shipyard. The steel-hulled explorer with aluminum superstructures follows two previously sold Crossover units (42m and 47m), marking the shipyard's first self-financed project in this series.Designed by Hydro Tec, the vessel features an 8.6-meter beam and 2.75-meter draft, optimized for stability and long-range cruising. The exterior combines explorer-style proportions with a bulbous bow and streamlined stern for ocean-going capability. Key features include a multifunctional aft deck that can store a large tender or convert into a pool and lounge area.Accommodation includes six cabins for 12 guests, with the owner's suite on the upper deck and a VIP cabin on the main deck. The naval architecture was developed jointly by Hydro Tec and the shipyard's engineering team.No delivery date or price was disclosed. The Crossover series targets owners seeking a balance between expedition capability and contemporary yacht design.Founded in 2008 under Palumbo Superyachts, Columbus Yachts combines 50+ years of maritime expertise with modern yacht-building innovation. The brand gained recognition after launching its first 54m superyacht Prima in 2011 and later pioneering hybrid propulsion technology, earning RINA certification for its Sport Hybrid 40m.Specializing in semi-custom and full-custom builds (37m–120m), Columbus offers four lines: Atlantique, Crossover, Sport, and Classic. Its flagship 80m Dragon exemplifies its craftsmanship. As part of Palumbo Superyachts, the brand provides end-to-end owner support alongside sister yards ISA Yachts, Mondomarine, and Extra Yachts.Credits: Columbus Yachts
June 30, 2025
The 34th Monaco Yacht Show will take place from September 24-27, 2025, featuring approximately 560 exhibitors across Port Hercule. The event will display 120 superyachts, including 50 new builds from 2025, alongside 60 luxury tenders.Organizers have introduced a new sustainability program developed with the Water Revolution Foundation, highlighting exhibitors advancing environmental initiatives. The show's thematic zones include the Yacht Design & Innovation Hub for new concepts, the Adventure Area showcasing over 40 luxury vehicles and water toys, and the upper deck lounge for luxury goods and services."The exhibitor list helps future owners identify key contacts for custom builds, refits, or charters within an exclusive, innovation-focused environment," said Gaëlle Tallarida, Managing Director of the Monaco Yacht Show.The current exhibitor roster includes shipyards, designers, equipment manufacturers, and luxury service providers. The list remains subject to updates through summer 2025.Credits: MYS
June 30, 2025
The latest 80-meter Amels Limited Editions superyacht has arrived at Damen Yachting's Vlissingen shipyard in the Netherlands after construction at their Galatz facility in Romania. The vessel will now undergo full outfitting in preparation for delivery in 2027.Project Manager Danker Rijk stated: "After an impressive launch in our Galatz shipyard, we are delighted to welcome this Amels 80 to Vlissingen to commence the outfitting phase. This is an exciting milestone toward delivering another exceptional yacht on schedule."The 2,175 GT superyacht features exterior design by Espen Øino and interiors by Sinot Yacht Architecture & Design. With accommodations for 14 guests and 21 crew members, the vessel represents Damen Yachting's combination of custom features with proven yacht-building technology.The Amels 80 follows the Limited Editions series' approach of offering semi-custom superyachts with reduced build times compared to fully custom projects. No further details about the owner or specific custom features were disclosed.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
June 27, 2025
Flexjet and Ferretti Group have introduced Riva Volare, a custom aircraft cabin design inspired by Riva motoryachts. The collaboration brings nautical styling to Flexjet's Gulfstream G650 jets and Sikorsky S-76 helicopters, targeting ultra-high-net-worth travelers.The Gulfstream G650 configuration accommodates 12-15 passengers for flights up to 16 hours, while two Sikorsky S-76 helicopters will operate in Florida and a new Milan-based service covering Italy and the French Riviera. Ferretti Group clients will receive preferential access to the helicopter operations.The design blends elements from Riva's 1960s Aquarama with contemporary Aquariva models, using artisanal materials and distinctive patterns. The interiors were developed through collaboration between both companies' design teams.Kenn Ricci and Alberto Galassi"I have long admired the iconic style of Riva, and seeing this brought to life in our aircraft is nothing short of exceptional," said Flexjet Chairman Kenn Ricci. Ferretti Group CEO Alberto Galassi added: "Riva Volare is another splendid result of our collaboration with Flexjet, a brand with which we share the same passion for constantly raising quality standards."The design was unveiled June 26 at Milano Prime Linate Airport, with displays of the aircraft alongside a Riva Aquariva Special yacht. No pricing details were disclosed.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
June 27, 2025