70% of companies in the yachting sector describe themselves as leading according to a study performed by Yacht Harbour on a sample of over 100 companies. It can therefore be hard for customers to differentiate at first glance the real financial position of companies and their scale.
Following a very active past 20 years in the mergers and acquisitions space in the yachting industry, some behemoths have emerged, controlling a large portion of the market and shaping the industry moving forward. Some high-profile individuals and corporations have also become involved in the superyacht industry in recent years. We have therefore investigated some of the most powerful corporations and individuals in the yachting space.
Dalian Wanda Group
Princess AVK
Annual revenue: $39.47 billion (2014)
Chairman & Founder: Wang Jianlin
Brands: Sunseeker
Largest commercial real estate operator in China and world's largest cinema chain operator, Wanda Group was founded in 1988 by Wang Jianlin. The company has today 634 billion yuans in assets and manages over 26 million square meters of hotel property. In 2013, the company decided to purchase UK-based yacht manufacturer, Sunseeker.
Having gone through losses of 9 million pounds in 2009, Sunseeker restructured its debt and was taken over by FL Partners, an Irish private equity company. Sunseeker was sold in 2013 to the Wanda Group for around 300 million pounds according to the Financial Times.
LVMH
Symphony - © Feadship Fanclub
Annual revenue: $35.6 billion (2015)
Chairman & CEO: Bernard Arnault
Moet Hennessy Louis Vuitton, better known as the French luxury goods conglomerate, LVMH, is perhaps not so surprisingly also a player in the superyacht industry. In 2008, L Capital, the company's investment arm, purchased Princess Yachts in a deal worth 200 million pounds according to Reuters, with support from the Calyon investment bank.
Later that year, the conglomerate strengthened their position in the company with the purchase of Royal Van Lent, part of the Feadship organization, for a reported sum between 200-400 million euros. In 2007, Royal Van Lent had posted sales of 100 million euros.
Gavio Group
Fast - © Baglietto
Annual turnaround: €2.2 billion (2012)
Gruppo Gavio, a large Italian corporation whose main business lies in motorway concessions with the company operating over 1400 kilometers of motorways in Italy, also has interests in the yachting industry. In 2012, Bejamino Gavio led an acquisition of the iconic Italian Baglietto shipyard for a sum of €18.5 million. The shipyard had been through some rough waters during the financial crisis resulting in 73 million euros of negative equity in 2009.
The group further consolidated its position in the sector by purchasing Cerri Cantieri Navali, a few months before the Baglietto deal, and by later acquiring US-based Bertram in 2015.
Privinvest Group
Siren © Yacht Harbour
Current owners: Akram & Iskandar Safa
Privinvest Group is one of Europe's largest maritime corporations which is involved in naval manufacturing and is also involved in the superyacht industry. Founded by the Safa brothers, Privinvest purchased Constructions mécaniques de Normandie (CMN) based in Cherbourg, France in 1992. The company then managed to turn around the fledging shipyard with new orders from the Middle East according to the Independent.
In 2007, the group funded 30% of the Abu Dhabi MAR company which ventured into shipbuilding through ADMShipyards and worked on the 141-meter Yas. In 2009, Privinvest continued to consolidate its position in the sector by acquiring German shipyard Nobiskrug.
Azimut-Benetti Group
I Dynasty © Superyachts Monaco
Maximum recorded asset net worth: €300 million (2011)
Current owner: Paolo Vitelli
Brands: Benetti, Azimut
Azimut was established in the early 1970s by Paolo Vitelli as a dealership of Amerglass boats. The company then evolved into yacht manufacturing by building its first 43ft boat. It later delivered Failaka, the first 30-metre fibreglass yacht ever built, to a Kuwaiti prince. In 1985, Azimut took over the Fratelli Benetti boatyard in Viareggio, setting the roots for the group. The company later started collaborating with young designer, Stefano Righini, which would bring the Azimut lines the company is known for today.
The company acquired the Gobbi shipyard in 2001 which now produced the group's Atlantis range from 10m to 18m. In 2004, the group acquired Fraser Yachts, a large yacht brokerage company. It later developed Marina di Varazze and the Royal Yacht Club in Moscow. By 2011, the group's net assets grew to €300 million according to this presentation with a turnover of €600 million, a significant cut on its €1 billion turnover in 2008 according to the Financial Times.
Ferretti Group
Chopi Chopi © Yacht Harbour
Maximum recorded value: €1.5 billion (2007)
Current owners: Weichai Group, Royal Bank of Scotland
Ferretti was established in 1968 as the first marine division of Alessandro and Norberto Ferretti's family business. In 1971, the company delivered its first wooden motor-sailer and by 1982 it began producing boats for sport fishing with a flybridge. By 1996, the group decided to expand into a larger range and set up Custom Line, a division meant to operate in the growing 26-40m range. In following years, the company multiplied acquisitions buying CNA in 1998, CRN in 1999, Riva in 2000, Mochi Craft in 2001 and Itama in 2004.
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 according to Bloomberg.
Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.
Vagit Alekperov
Galactica Super Nova - © Dick Holthius
Net worth: $11.1 billion (2016)
Brands: Heesen Yachts
Mr. Vagit Alekperov is currently considered to be Russia's 9th richest man according to Forbes. In May 2015 it became known that the head of Lukoil, Russia's largest independent oil company, is the current owner of Heesen.
In 2008, Mr. Alekperov purchased Heesen Yachts from founder, Frans Heesen, for a reported sum of 100 million euros. The shipyard posted profits of €5.2 million in 2013 according to Forbes Russia.
In March 2016, Heesen launched its newest flagship, the 70m Galactica Super Nova (Project Kometa) which was built for Mr. Alekperov according to Dutch publication, Quote.
Mohammed Al Barwani
Turquoise - © Ocean Independence
Net worth: $1.2 billion (2015)
Energy tycoon, Mohammed al-Barwani made his wealth investing in oil, gas, minerals and manufacturing. In 2010 he however decided to purchase Dutch shipyard, Oceanco from Greek shipping magnate, Theodore Angelopoulos. First company to build spa pools on superyachts, Oceanco has much benefited from the hands-on approach of Al Barnawi delivering the beautiful Nirvana for Russian billionaire Potanin as well as expanding its facility to be able to construct yachts up to 160 meters.
In December 2013, al-Barwani further consolidated his position in the industry, purchasing Turkish yacht manufacturer, Proteksan (now Turquoise Yachts), which was struggling following the highly publicized sinkage of M/Y Yogi.
Heesen Yachts celebrates the delivery of Solemates (YN 20655), a fully customized 55-meter steel superyacht, to an experienced owner who has chosen the Dutch shipyard for the second time. This milestone underscores Heesen’s reputation for engineering excellence, build quality, and the flexibility of its speculative build program – enabling clients to personalize proven platforms without compromising on time efficiency.Built on Heesen’s successful 55m Steel design, Solemates combines the proven Fast Displacement Hull Form (FDHF) by Van Oossanen Naval Architects with Omega Architects’ sleek exterior lines. The owner, a seasoned yachtsman, leveraged the platform’s inherent reliability to focus on tailored interior enhancements that reflect a family-oriented approach to cruising.Rupert Connor of Luxury Yacht Group noted: "While the changes from the previous model appear subtle, the cumulative refinements across the entire platform elevate this yacht significantly. Heesen’s commitment to continuous improvement shines through."The owner’s deep yachting expertise and hands-on involvement ensured a streamlined build process. Ralf Oortman, Heesen’s Project Manager, remarked: "Their team’s insight into the client’s lifestyle was invaluable. We collaborated seamlessly to introduce standout features, such as the breathtaking atrium – a true masterpiece that sets Solemates apart."Working alongside Silvia Margutti of Luca Dini Design and Architecture, the owner reimagined the interior with vibrant accents, a redesigned main staircase featuring gold-flaked acrylic panels, and an expanded sundeck hot tub area for social gatherings. Every detail was meticulously crafted to enhance onboard living.Following flawless sea trials in the North Sea, Solemates confirms her robust performance and efficiency. With a 760 GT volume, she offers ample space for extended cruising while maintaining the comfort and reliability expected of a Northern European build.Solemates will be available for exclusive charter through Luxury Yacht Group, with her world premiere set for the 2025 Monaco Yacht Show, where she will headline Heesen’s display.Niels Vaessen, Heesen’s CEO, reflected: "Delivering Solemates to a repeat client is a testament to our craftsmanship and the trust owners place in us. This project exemplifies how we blend efficiency with bespoke luxury – creating yachts that exceed expectations."Heesen Yachts is a Dutch ship building company that specializes in custom-built superyachts in aluminum and steel from 30m to 70m in size. Founded in 1978, it has launched more than 170 yachts since its inception.Credits: Heesen Yachts
May 1, 2025
Damen Yachting has successfully launched the first Amels 80. The vessel is the latest addition to the Amels Limited Editions range.The 80-meter superyacht boasts a gross tonnage of 2,175 GT and features a hybrid propulsion system for reduced emissions and improved cruising efficiency. The vessel can accommodate 14 guests across 7 luxurious suites, supported by a crew of 21. Notable features include a foredeck helipad, a 200-square-meter Sun Deck, a private Owner’s Deck, a 6.5-meter swimming pool, and a Beach Club with spa facilities.The exterior design is the work of renowned superyacht designer Espen Oino, while the interior was created by Sinot Yacht Architecture & Design in their first collaboration with Amels. Paul Costerus, Designer Interior at Sinot, commented: “The Amels 80 marks the first collaboration between Sinot and Amels. A project which provided us with the opportunity to develop something truly unique. You will feel at home from the moment you step on board.”The build of the first Amels 80 was managed by Burgess on behalf of the Owner following the yacht’s sale in 2022. Sean Bianchi, Partner and Head of Burgess Technical Services, stated: “We are delighted to see Amels 80, hull number 01 depart her construction dock and enter the commissioning and sea trials phase. This milestone marks the culmination of close collaboration between Damen Yachting, Sinot, and the Owner’s team in crafting a yacht that is truly one of a kind.”Adriaan Roose, Product Design Manager for the Amels 80 series at Damen Yachting, emphasized the balance between customisation and efficiency: “The Amels 80 offered the client many custom options whilst still benefitting from the shortened delivery time. This yacht is the ultimate balance of individuality and efficiency.”The Amels 80 has the following specifications: length overall is 80.00 meters (261 ft), beam overall is 12.50 meters (41 ft), range is 5,000 nautical miles at 12 knots, with delivery scheduled for Summer 2025.Rose Damen, Managing Director of Damen Yachting, expressed gratitude for the collaboration: “With today’s launch of the first Amels 80, we have reached another landmark achievement in the history of Amels. I would like to thank our Client and the team at Burgess for entrusting us with this very special build. We are honoured and excited to see the final phase through to delivery.”Damen Yachting is the yachting division of the Damen Shipyards Group. The shipyard builds and refits Amels superyachts, Xplorer luxury expedition yachts (previously known as SeaXplorer) and Yacht Support vessels. Credits: Damen Yachting
April 30, 2025
Grand Soleil Yachts has introduced its first weekender model, the Grand Soleil Blue, marking a significant departure from its traditional performance and long-cruise yachts. The 32ft 9in (9.99m) vessel is designed for day sailing and weekend getaways, featuring a sustainable build and electric propulsion options.The yacht is the smallest in the Grand Soleil range and sets new standards for recyclability. According to Gigi Servidati, Cantiere del Pardo Chairman, “The GS Blue represents the beginning of a new concept within the Grand Soleil range: a line that is agile, sustainable, fun, highly liveable, and designed for more immediate and flexible use.”The vessel’s design emphasizes performance and comfort, developed by naval architect Matteo Polli and Nauta Design for exterior, interior design, and layout. Polli noted, “The striking hull shape is designed to provide stability when the boat heels, to maximize power upwind. And in light winds, or when running, the narrow waterline beam delivers lower drag and therefore higher speeds.”Sustainability is a core feature of the GS Blue. The yacht utilizes Arkema’s Elium resin in its composite lay-up, allowing for recovery and reuse at the end of its life. The PET core material in the hull’s sandwich construction is derived from post-consumer waste, and the design allows for easy disassembly of components.The yacht offers fully electric propulsion as an option, featuring a 6kW pod drive from ePropulsion powered by a 190Ah lithium battery. This setup provides a range of up to 30 nautical miles at 5 knots, with the option to double that range by adding a second battery pack. The electric system enables silent maneuvering and a top speed of 6.5 knots.Performance-wise, the GS Blue boasts a 2.2m bulb keel (with a 1.8m shallow draft option) and a generous sailplan. It can achieve upwind speeds of 6-8 knots and downwind speeds of 10-12 knots. The design prioritizes easy shorthanded or solo sailing, featuring push-button electric Harken winches.Inside, the yacht offers modern Italian-style amenities including a heads compartment with freshwater shower, an efficient galley with hob, oven, and fridge, and berths for up to four, optimized for two. The interior design focuses on light and space, as highlighted by Massimo Gino, CEO and co-founder of Nauta: “A key element of the interior design is the light scheme, which ensures that even with lower ceiling heights, the yacht feels spacious and welcoming for guests.”The project is co-financed by the Emilia Romagna region as part of the PR-ERDF 2021/2027 program, emphasizing its experimental research and development nature.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: Grand Soleil Yachts
April 30, 2025
Feadship has successfully launched its latest superyacht, Project 827, marking another milestone in the company’s history of luxury yacht construction. The vessel was launched at the Royal Van Lent shipyard in Sneek, the Netherlands.Project 827 is a 75-meter motor yacht designed by the renowned studio Winch Design. The exterior design features clean lines and a contemporary aesthetic, while the interior showcases a sophisticated blend of modern luxury and comfort. The yacht boasts a spacious main deck and a large owner’s deck, providing ample living space for its occupants.“Project 827 is a testament to our commitment to innovation and excellence,” said Feadship CEO Henk de Vries. “We have pushed the boundaries of design and engineering to create a yacht that not only meets but exceeds the expectations of our discerning clients.”The yacht’s design emphasizes functionality and comfort. It features a unique layout with a large owner’s deck, offering unobstructed panoramic views. The interior design, also by Winch Design, combines modern materials with classic craftsmanship, creating a luxurious yet livable environment.Project 827 is equipped with state-of-the-art technology and engineering solutions. The yacht is powered by twin Caterpillar engines, providing efficient performance and low emissions. The vessel also incorporates advanced systems for noise and vibration control, ensuring a quiet and comfortable onboard experience.“This launch is a significant moment for Feadship,” commented Project Manager Jan van der Meer. “Project 827 represents the culmination of years of planning and collaboration between our teams and the client. We are proud to deliver a yacht that truly embodies the spirit of modern luxury.”The completion of Project 827 further strengthens Feadship’s position as a leading builder of custom superyachts. The company continues to focus on delivering exceptional craftsmanship and innovative design solutions to its clients.Feadship plans to complete the final outfitting and sea trials before delivering the yacht to its owner later this year. The launch of Project 827 demonstrates the shipyard’s ongoing commitment to excellence in the superyacht industry.Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
April 30, 2025
The 56th Southampton International Boat Show will introduce several new features when it returns to Mayflower Park from September 19-28, 2025. Organizers British Marine confirmed a redesigned layout with specialized zones including The Powerhub for powerboats and Angler's Alley for fishing enthusiasts.New additions include: the Boating Academy offering educational sessions, waterside Lounge for premium ticket holders, expanded marina area with grouped vessel displays, on the Water stage featuring high-speed demonstrations. Visitor experiences will include the Try A Boat program with FlexiSail and accessible powerboat rides through Wetwheels. The Shipyard festival area will host live music and family activities, with a headline act to be announced.Ticket prices currently start at £24.99 for adults, with free entry for two children per adult ticket. Marina space remains in high demand among exhibitors, with increased berth capacity for 2025."The 2025 edition represents an exciting transformation," stated British Marine representatives. The event will showcase products ranging from paddleboards to superyachts, though exhibitor lists remain unconfirmed.British Marine, representing over 1,300 UK marine businesses, organizes the annual show which supports an industry employing 38,000 nationwide.Credits: Southampton International Boat Show
April 29, 2025