Earlier this week Chinese conglomerate, Lai Sun Group acquired 49.9% of Camper and Nicholsons International for €13 million in what became the latest deal in a series of yacht-related acquisitions led by Chinese beneficiaries.
The deal turned out to be a major financial success for Camper and Nicholsons' majority stakeholder, Colosseum Services, a Swiss luxury-goods company that had acquired the brokerage firm for a mere sum of €1 million following the liquidation of Rodriguez Group in 2014. It didn't however become the first time a struggling company in yachting was saved by Chinese behemoths.
In 2006, a time of unreal growth for the superyacht industry, Ferretti Group's production value increased to €770 million with a net profit of €25.3 million as the Italian company was preparing for its IPO. In 2007, Candover Investments led a leveraged buyout of Ferretti Group that put its value at €1.5 billion. The subprime crisis however hit the company hard in 2008 and forced it to restructure its €1.2 billion debt. In 2012, 75% of the company was sold to Chinese conglomerate, Weichai Group for €374 million.
Ferretti Group was however not the only company in yachting to be hit by the recession. After going through losses of £9 million in 2009, UK-based, Sunseeker restructured its debt and was taken over by FL Partners, an Irish private equity company. In 2013, it was however sold to the China-based, Wanda Group for around 300 million pounds.
Despite these companies being owned by Chinese groups, demand for yachts in Asia has remained low. Although a small increase in popularity can be seen in Southeast Asia with new cruising grounds such as Thailand opening up, different cultural habits and the lack of infrastructure have prevented superyachts from traveling to the area in masses.
There however very much remains a strong potential for yachting in China with over 1 million millionaires in the area according to the Hurun Wealth Report. Burgess Yachts, one of Camper and Nicholsons' competitors, has in fact reported the sale of the 60-meter Amels, Event to a client in Asia in November 2015. Royal Huisman, a Dutch-based shipyard, announced at the Monaco Yacht Show last week that it was building an 81-meter schooner destined for Asia, sold through Northrop & Johnson.
The Asian market is in fact so attractive that some shipyards have set up shop in the region. Kingship started building superyachts in Hong Kong as early as 2004 and are currently working on their flagship 144ft Grand Voyager asking $16,900,000. HeySea Yachts, based in Guangdon are building a 40-meter catamaran for the CEO of the China Cup.
Pershing has renewed its collaboration with British apparel brand Murphy&Nye to mark its 40th anniversary, introducing two new collections. The partnership, established in 2004, has produced yachting apparel and accessories since its inception.The Pershing 40th Anniversary Capsule Collection consists of five items: a performance polo shirt, a minimalist T-shirt, a weather-resistant windbreaker, a padded vest, and a cap. Each piece features commemorative embroidery celebrating Pershing’s four-decade legacy.Additionally, the brands unveiled the Owner Set, a seven-piece collection designed for Pershing yacht owners. It includes a waterproof travel bag, a unisex cap, a fully waterproof and windproof hooded jacket, UPF 50+ nylon polo shirts, and refined shorts. The technical fabrics prioritize functionality while maintaining a sleek aesthetic.The collections were previewed at the Venice Boat Show and will be available for purchase to both Pershing owners and Murphy&Nye customers. 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
July 23, 2025
The 1995-built Benetti motor yacht Solafide has completed an extensive multi-million euro refit (2023-2025) and is now exclusively listed for sale with Camper & Nicholsons. The 499GT vessel underwent a complete transformation while retaining its classic Benetti lines.Measuring 45 meters in length with a steel hull, Solafide offers transatlantic range of 4,600 nautical miles at 12 knots. The refit included full hull and superstructure repainting, complete engine and generator rebuilds, new CMC electric stabilizers, and upgraded navigation systems.Tommaso Spadolini supervised the exterior redesign which created new alfresco dining areas and transformed the 120 sqm sundeck into a helicopter-capable space with hot tub. The aft deck now features fold-down terraces expanding the beach club area.Supernova Design Studio completely reimagined the interior with warm wood tones, onyx details and custom furnishings. The layout accommodates 12 guests in six cabins, including a main deck master suite with convertible office/lounge and four lower deck cabins (two doubles, two twins)."Solafide represents the perfect combination of classic Benetti quality and contemporary systems," said sales broker Della Pearce. The yacht's comprehensive refit earned a nomination for Best Refit at the 2025 World Superyacht Awards.The refit addressed all major systems while enhancing both guest amenities and operational capabilities. With its proven bluewater credentials and extensive recent upgrades, Solafide offers new owners a turnkey solution for global cruising.Credits: Benetti
July 23, 2025
Italian architecture firm MASK Architects has released details of its 85-meter superyacht concept, ONYX H2-BO 85, featuring an innovative hydrogen propulsion system. The vessel utilizes seawater electrolysis combined with hydroelectric turbines to generate power, aiming to reduce fossil fuel dependency during short cruises.The system works by extracting seawater, which undergoes filtration and desalination before entering an electrolysis chamber. An electrical current then separates the water molecules into hydrogen and oxygen. The collected hydrogen serves as fuel for engines, generators or fuel cells, with excess stored in tanks for backup power."While producing hydrogen from seawater is feasible, it requires specialized equipment and expertise," noted the studio. "Collaboration with marine engineering and hydrogen technology experts would be essential."The yacht's design features a narrow profile with sport yacht influences. Renderings show contemporary interiors incorporating what the designers describe as "sumptuous" and "eco-conscious" materials. Leisure areas include a sunbathing foredeck, al fresco dining space on the sundeck, and an aft swimming pool.Technical specifications reveal the hydroelectric turbines capture kinetic energy from surrounding water, potentially eliminating the need for large fuel reserves. The studio claims this approach could offer long-term cost savings given rising fuel prices, though no specific efficiency data was provided.The concept emerges as the maritime industry faces increasing environmental regulations. While hydrogen propulsion promises zero local emissions, challenges remain regarding the energy-intensive electrolysis process. The studio suggests supplementing the system with renewable energy sources like solar panels, though these are not shown in current renderings.At 85 meters, ONYX H2-BO 85 would rank among larger superyacht concepts, though no construction timeline or potential shipyard partners were disclosed. The project represents one of several recent attempts to develop cleaner propulsion systems for luxury vessels, joining concepts using batteries, fuel cells and alternative fuels.MASK Architects, known for futuristic design proposals across maritime and aviation sectors, has not indicated whether the concept has attracted client interest. The studio typically focuses on conceptual work rather than production-ready designs. Industry observers note that while hydrogen shows promise for maritime applications, infrastructure limitations and storage challenges remain significant hurdles for widespread adoption.The release of additional technical details suggests ongoing development of the concept, though no sea trials or prototype construction have been announced. The project joins a growing portfolio of eco-conscious yacht designs as the industry explores solutions to meet tightening environmental standards.Credits: MASK Architects
July 23, 2025
The Olympic Yacht Show 2025 will take place at Olympic Marine in Lavrio from October 9-12, with preparations currently underway. This year's edition will feature 140 yachts, 400 luxury brands, and host 5 world premieres alongside 14 European debuts, marking the largest iteration of the event to date.Exhibitor registration shows strong participation from major industry players, including shipyards, dealers, and marine specialists. The event continues to attract both returning and new international participants, reflecting its growing influence in the European yachting calendar.The show will present new yacht models ranging from hybrid propulsion systems to mega yachts, maintaining its position as a platform for industry innovation. Organizers anticipate record attendance from industry professionals and yachting enthusiasts.As Greece's primary yachting exhibition, the 2025 edition will focus on business networking opportunities while showcasing current design and technology trends in the marine sector. The event reinforces Greece's role in Mediterranean marine tourism and luxury yachting markets.Credits: Zisis Dalakouras/The Olympic Yacht Show
July 22, 2025
Damen Yachting has launched the newest 60-meter Amels Limited Editions superyacht, with delivery scheduled for autumn 2025. The vessel represents the next generation of the Amels 60 series, maintaining the line's charter-ready features and eco-conscious design approach.The yacht features exterior design by Espen Øino and custom interiors by London-based Harrison Eidsgaard, marking the studio's second Amels 60 project. The interior concept emphasizes contemporary styling with enhanced visual connections to the marine environment.Paul Deurloo, Damen Yachting's Project Manager, stated: "It is one of the highlights of the build process when we get to see the superyacht coming out of the shipyard. We are delighted to show her to the world."The Amels 60 series continues to offer accelerated delivery timelines as part of its Limited Editions concept, with this unit available for handover within approximately 15 months. The yacht joins an existing fleet of Amels 60 vessels, all built on Damen Yachting's established naval architecture platform while allowing for individual customization.The newly launched unit is currently available for purchase, with Damen Yachting continuing production of the Amels Limited Editions range at its facilities in the Netherlands. The autumn 2025 delivery schedule positions the yacht for potential Mediterranean or Caribbean cruising seasons.Damen Yachting, the yacht-building division of Damen Shipyards Group, employs approximately 500 professionals across its Amels, SeaXplorer, and Yacht Support vessel programs. No purchase price was disclosed for the new build.Credits: Damen Yachting
July 22, 2025