Ferretti Group has acquired a production site of over 70,000 square meters, including a dry dock, in San Vitale (province of Ravenna). The acquisition involved an initial investment of about 40 million euros and will be followed by a further 40 million over the coming three-year period to create new production areas and an R&D center.
The operation forms part of Ferretti Group’s growth strategy and the new facility, when fully operational, will increase production capacity by about 20%. The acquisition of the new Ravenna shipyard has been financed entirely with equity raised by the recent listing on the Hong Kong stock exchange.
"The acquisition of this area keeps a promise we made. We have big plans and picture a state-of-the-art production site from every point of view: worker well-being, positive social impact, environmental protection – also by carefully selecting the materials used – and increased production. Ravenna is the right home for Wally sailing yachts and the expansion of our other brands, starting with the extraordinary Ferretti Yachts Infynito range. We choose Italy again and invest not only to become stronger, but also to hold the flag high for an industry that is a symbol of our country: luxury yachting and the extensive entrepreneurship and artisan craftsmanship network that is the admiration and envy of the entire world,” states Alberto Galassi, Ferretti Group CEO.
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
Renowned British design studio Andy Waugh Yacht Design has introduced an innovative 80-meter catamaran concept named Decadence. Inspired by the technological advancements witnessed in the 1920s automotive and aeronautical industries, the design aims to capture the essence of that era while pushing the boundaries of modern design and engineering.According to the studio, Decadence represents the potential of the SWATH (Small-Waterplane-Area-Twin-Hull) hull form. This distinctive catamaran configuration features submerged cylindrical hulls connected to a central structure by stilts, offering unprecedented aesthetic possibilities yet to be fully explored in the luxury superyacht sector.The futuristic hull design enables notable technical advancements, including an estimated 70% reduction in pitch and roll movements compared to conventional monohull superyachts, ensuring enhanced comfort and safety for passengers.With a generous beam of 30 meters, the 5,000 gross tonnage (GT) vessel offers expansive interior spaces. The owner's suite, spanning 20 meters in width, 30 meters in length, and 3 meters in height, exemplifies the scale and grandeur of Decadence. Each deck will feature fully enclosed exterior areas, providing privacy and protection from inclement weather.The crew quarters and technical areas are intelligently located in the sponsons and outer hulls, maximizing space within the main superstructure for guest accommodations.Recognizing the challenge of finding suitable marina berths due to its oversized beam, the design studio has implemented practical solutions. The inherent stability of the hull form mitigates the need to seek shelter during adverse weather conditions. Additionally, the concept incorporates provisions for two 14-meter chase-boat tenders from Skyline Yachts, serving as transfer shuttles to shore.Renderings of Decadence reveal retractable inflatable sails, suggesting the potential utilization of wind power. Furthermore, the yacht will feature a revolutionary propulsion system expected to reduce energy consumption by approximately 30%.Andy Waugh Yacht Design has gained acclaim for its visionary yacht concepts, including the 70-meter Serafina, 175-meter Acionna, 45-meter Revolution, and 90-meter Nouveau. Credits: Andy Waugh Yacht Design
June 8, 2023
The Italian Sea Group announced its participation in the United Nations Global Compact initiative. By joining this voluntary platform, the company demonstrates its commitment to responsible business practices, development, and transparency.The United Nations Global Compact serves as a catalyst for companies worldwide, urging them to align their strategies and operations with ten universally recognized principles encompassing Human Rights, Labour, Environment, and Anti-corruption. It also encourages companies to actively contribute to the UN's Sustainable Development Goals (SDGs) and address global challenges.Established in 2000, the UN Global Compact stands as the world's largest corporate sustainability initiative. With over 21,000 participating companies and 4,000 non-business signatories across 160 countries, supported by over 70 Local Networks, it fosters a global network dedicated to advancing responsible and sustainable business practices.“We are proud to participate in the United Nations Global Compact initiative – and to join forces with thousands of other companies globally that are committed to taking responsible business action and to building a more sustainable world for today’s and for future generations,” states Giovanni Costantino, Founder & CEO of The Italian Sea Group. “In line with our commitment to these principles, we will keep playing our part in every day’s activities, believing that everybody’s contribution is vital to make the world a better place to live”.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. Credits: The Italian Sea Group
June 8, 2023
The first unit of the Mangusta Oceano 39 was launched last 31 May in the presence of her owner. She is the entry level in the Mangusta Oceano displacement line developed and engineered by the shipyard's Engineering Department together with designer Alberto Mancini and design firm Studio Verme for the engineering part, this three-decker harmoniously combines design and technology, endowing her entire category with a very strong identity.“We are so proud to see the first unit of this innovative new model in the water. The Mangusta Oceano 39 is a new three-decker characterized by huge glazed surfaces, where supporting structures and bulwarks have, conversely, been minimized, so as to offer the closest possible contact with the sea", says Overmarine Group's CEO Maurizio Balducci. The Mangusta Oceano 39 redefines luxury living at sea, resembling a contemporary villa with expansive glass surfaces and larger volumes than typical for its class. The main and upper deck saloons feature floor-to-ceiling windows, seamlessly blending indoor and outdoor spaces to create a stunning open-plan living environment. The aft area and foldable terraces grant access to the beach house, serving as a natural extension by the sea where guests can indulge in utmost privacy and relaxation.A distinctive "Mangusta Design feature" is the infinity pool located forward on the upper deck. With a partially glass bottom, it allows natural light to filter into the master stateroom, creating captivating water reflections.This particular unit boasts a layout that includes four spacious guest cabins on the lower deck, complemented by a master suite on the main deck. The master suite features a fully automated balcony, easily operated by the owner.The interiors of the yacht, as is customary with Mangusta, can be fully customized. Renowned designer Alberto Mancini collaborated with Overmarine's technical department architects and the owner to craft the perfect ambiance. Sales Manager Nicolò Strocco oversaw the sale, ensuring seamless coordination throughout the process.The Mangusta Oceano 39 is powered by 2 MTU 12 V 2000 M 86 1700 HP engines that deliver a cruising speed of 12 knots, a maximum speed of 16 knots, and a range of up to 2,600 nautical miles.Overmarine Group was founded in 1985 by the Balducci family. The shipyard builds open and displacement power superyachts under the Mangusta and Mangusta Oceanco brand names. Credits: Overmarine Group
June 8, 2023
Tankoa has announced the delivery of the 49.99-meter motor yacht Grey, the latest unit in the yard’s S501 series. The owner signed the new-build contract in July 2021 and appointed TWW Yachts as project managers. Grey has been in private use since her owner took delivery on May 12, 2023.Grey, a member of the Tankoa S501 series, stands out as a unique and distinctive vessel, setting her apart from her sister ships. The three-deck layout, skillfully crafted by renowned exterior designer Francesco Paszkowski, was meticulously tailored to fulfill the specific requirements of her owners.In addition to her features, the owner chose to incorporate an awe-inspiring outdoor home cinema screen. This remarkable screen, boasting high-definition visuals and impressive luminosity, is strategically positioned in front of the swimming pool lounge on the foredeck. Furthermore, Grey is equipped with a state-of-the-art sound system meticulously crafted by the acclaimed French/British brand Focal & Naim, ensuring an unparalleled audio experience throughout the entire yacht.“Our usual flexibility in satisfying customer requests is evident in the customisations made onboard Grey – such as the installation of a swimming pool in the bow, and the fantastic never seen before cinema/sound system. The jet black and whisper gray paint gives a sleek look to Grey,” says Giuseppe Mazza, Tankoa sales and marketing manager.Grey's owner paid meticulous attention to the design of the exterior decks, ensuring the presence of four spacious open lounging and entertainment areas. Emphasizing the importance of alfresco living, the yacht boasts a large hot tub on the fly deck, complemented by seating and lounging spaces, as well as a pool on the foredeck.TWW Yachts provided unwavering support to the owner throughout the entire build process, from initial specification reviews to delivery. Jean-Claude Carme, lead broker at TWW Yachts, expresses pride in representing the passionate and enchanting owners of Grey.Collaborating closely with the owner, Giorgio Maria Cassetta created an interior that exudes luxury and sophistication. The use of natural materials, including rich woods and veined marbles, adds warmth and charm. The interior design is further enhanced by enlarged windows on the main deck, glass bulwarks, and fold-out balconies, creating a seamless indoor-outdoor connection.David Westwood, principal partner of TWW Yachts, describes the interior as one of the finest he has seen on a yacht of this size. Grey accommodates up to 12 overnight guests in six suites, including two custom suites on the main deck. The yacht also provides space for a crew of up to nine.The owner chose the conventional propulsion package offered by Tankoa, enabling a top speed of 18 knots when utilizing both the main diesel engines for propulsion and one diesel generator for the hotel load.Tankoa was founded in 2007 and began production in 2008. A true “boutique shipyard”, focused on building semi-custom and custom constructions 45-meter and up.Credits: Julien Hubert/TWW
June 7, 2023
Cantiere del Pardo is renewing its partnership with Luna Rossa Prada Pirelli, confirming itself as the team's official supplier for the 37th America's Cup in Barcelona.After the collaboration signed for the 36th edition of the America’s Cup, the Italian shipyard, which is celebrating 50 years of activity in 2023, will once again be alongside the AC75 Luna Rossa. This time there will be two of its renowned motor brand models, the VanDutch 48 and the Pardo Endurance 72.To accompany an iconic vessel like Luna Rossa in the oldest sporting challenge in the world, two boats were chosen according to very specific criteria in terms of performance, reliability, comfort and design, which make each one the best for its particular mission.The motor yacht segment of Cantiere del Pardo, well-known worldwide thanks to Pardo Yachts, since 2020 includes also the brand VanDutch and its range of exclusive boats.“Renewing the partnership with Luna Rossa Prada Pirelli for the second consecutive edition of the America's Cup is a source of great pride for us. Furthermore, this year, the collaboration directly involves Cantiere del Pardo with both its motor brands, VanDutch Yachts and Pardo Yachts. There is no firmer statement of the values that Cantiere del Pardo and Luna Rossa Prada Pirelli share, starting from Made in Italy excellence, technological innovation and performance,” says Gigi Servidati, Chairman of Cantiere del Pardo.Although different in design and purpose, the two boats have the same objective, i.e. to provide an excellent and highly advanced final product that reflects the great Italian shipbuilding tradition.The VanDutch 48, one of the first models built by Cantiere del Pardo after the acquisition, is a 14.60 m high-performance luxury yacht, characterized by the unmistakable sporty lines (created by Mulder Design) and by powerful engines (2 x Volvo Penta -D11- 725 HP–Shaft Drive), which allow it to exceed 35 knots. The Pardo Endurance 72, the flagship of the Endurance range, is a brand-new boat for the Pardo Yachts brand. After being presented at the Düsseldorf Boat Show last January, it will be launched in spring 2024 and delivered in August to the team in Barcelona. The 22-meter boat naval architecture made by Davide Leone Yacht Design and interior is the work of Burdisso&Capponi Yachts and Design. The Endurance 72 boasts a hull optimized for both IPS propulsion and an eco-speed system, to increase performance while limiting fuel consumption. Guests on board will have access to refined and spacious internal and external social spaces, including a large 27 sqm equipped flybridge from which to follow the regattas in maximum comfort, with no vibrations or noise.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.Credits: Carlo Borlenghi/Cantiere del Pardo
June 7, 2023