September 30, 2016

Monthly News - September 2016

-pic of the month- Ferretti Group Blue Wonderful 

Azimut Benetti Group Continues to Grow

At the annual Cannes Yachting Festival, Azimut|Benetti looks confidently to the future from a position of strength built on solid results. With value of production standing at more than €700m and constant growth of 15% over the last two years, the Italian Group confirms that it is the world’s leading luxury yacht builder in terms of business results, the number of yachts built, the breadth of the range on offer, and the reach and coverage of the distribution network and production sites. What is the key to this success? A constant focus on technical research and creative design, higher than average investments and a visionary spirit. Azimut|Benetti Group is attending the Cannes Yachting Festival - the first international boat show of the season - with 21 models (17 from Azimut Yachts and 4 from Benetti) ranging from 10 to 40 meters in length. Buoyed by solid results, the Group’s growth strategy is based on ever more substantial investments in product development, innovative technology and processes, new design trends and a global commercial presence. Financially speaking, the company closed its fiscal year (September 2015 - August 2016) reporting value of production of more than €700 millions, and a positive net result. The Group, which produces almost 300 yachts annually, has introduced innovative products over the past year which have all sold out: the new carbon fiber Fly models, the new Benetti Fast yachts with Rolls Royce azipod propulsion systems, and finally Benetti’s gigayachts reaching over 90 meters in length. Confirming the Group’s strategy, planned investments for the coming three-year period in research & development, in the implementation of production processes, and in the development of new products amount to about €100 milion, a sharp rise of 15% on the previous three-year period. Azimut|Benetti Group’s launch schedule is extraordinary for the yacht world, with no less than 12 new models announced in the 10 to 50 meter range over the next three years, joining the 14 models launched in the previous three year period. This offers Azimut and Benetti customers the broadest and most up-to-date fleet on the international yacht market. It is a strategy nourished by constant innovation and evolving creative design, with the Group announcing an agreement with Giorgio M. Cassetta to design the exteriors of the new Mediterraneo 116’ and an exclusive contract with Achille Salvagni for the interiors in all Fly Collection models over 50 feet and the interiors of the Benetti Class range. Finally, Francesco Guida has been engaged to design the interiors of the new S7 in the Azimut S Collection. Another factor behind the Group’s success is without doubt its work to strengthen the dealer network worldwide, with the record number of 70 through a total of 138 sales and assistance offices. In fact, the company has always favoured direct local operations, with a view to maintaining market presence through exclusive distribution under the Azimut Yachts brand, in partnership with top local operators. The strategy defined by the Group has, on one hand, allowed it to ride out international financial turbulence, and on the other to consolidate value and volume growth, confirming its financial solidity, production supremacy and ability to act as a driver of the global yacht segment. Group President and majority shareholder Paolo Vitelli commented on the good results by saying: “We have never stopped investing all our resources in the product, and the market recognises this in the form of sales. I feel proud of the more than two thousand people who work in the Group. While many of them are young, they not only have a wealth of experience and a shared passion for the product and the technology it draws on, but also identify strongly with the company’s values.” The majority shareholder by a substantial margin of Azimut|Benetti Group is the Vitelli family, with a holding of 88%, while the remaining share capital is held by Tamburi Investments Partners (TIP) with 12% and the management team, who have a small stake.

Azimut Benetti Host Fifty Ferrari

On Saturday the 10th of September, the Azimut|Benetti Shipyard in Avigliana (Turin) hosted “Eccellenze motoristiche”, the yearly motoring event of Ferrari and heritage cars. The event started on Friday the 9th of September in Strona (Biella) and ended in La Thuille (Ao) on Sunday the 11th of September. Almost 50 cars and 200 participants arrived in Azimut|Benetti Head Quarter. The guests, people all fond of Ferrari and heritage cars, visited the shipyard where the famous Yachts are made and whizzed on their cars for a challenging run between the plants. Challengers also had the opportunity of discovering the work processes, the passion and the Italian craftsmanship’s quality of Azimut|Benetti. The event gathered two Made in Italy excellences, two brands that are synonymous with luxury, innovation and prestige: on one side, the shining beauty of Ferrari cars and, on the other, the sinuous and hi-tech shapes of worldwide famous Azimut yachts. With the welcoming of Azimut Yachts shipyard for a trip in the unique Italian excellence.

Azimut Wins Most Advance Yacht at World Yacht Trophies 2016

The award recognises the research and development investments made by Azimut Benetti Group in recent years, which continue to contribute to maintaining the shipyard’s position of leadership on world markets. Organised by French magazine Yachts France in the framework of the 2016 Cannes Yachting Festival, the World Yachts Trophies are considered among the most prestigious awards in the industry. The award ceremony was held on Saturday, September 12, against the magnificent backdrop of the Carlton Hotel in Cannes. Azimut 66 won the “Most Technologically Advanced Yacht” in the 50’ to 80’ range. For Azimut 66, this is the second acknowledgement received a matter of days since its presentation at the Cannes Boat Show. A few days ago, in fact, the yacht was officially nominated for the European Powerboat of the Year Award 2017, competing against five other boats in the category over 45 feet in length. Both the award and the nomination are a further demonstration of how highly this model is appreciated for its uniqueness and originality, after being given an extremely favorable reception by the market. Most importantly, they confirm the success of the strategy of making long term investments in research and development, in the implementation of production processes, and in the development of new products, totaling about Euro 100m in the three-year period 2016-2019.

Azimut Appoint New Managing Director

From September 1st 2016 Marco Valle is the new Managing Director of Azimut Yachts Business Line. The designation by Vitelli family and Tamburi Investiment Partners, the main shareholder of Azimut|Benetti Group, comes in full accordance with Ferruccio Luppi, Group CEO, and with full assent of the Board of Directors. 48 years old, from Trieste in northeastern Italy, Valle joined Azimut|Benetti in 1996, in the sales department of Azimut Yachts. He then started his path of professional growth, fulfilling ever more important jobs, becoming Commercial Director Worldwide with Azimut Yachts, until August 31st 2016. With this appointment Valle takes on the responsibility of the economic and administrative results of the business line, according to the Group guidelines. Finance and Special Projects remain competence of, and report to, the CEO Ferruccio Luppi.

Bavaria Achieves Best Business Results Since 2009

At the end of the 2015/16 fiscal year, the Bavaria Group can reveal positive operating results for the second consecutive year. Compared with the previous year, the operating result (EBITDA) increased five-fold, and is now in the mid-seven-figure range. Despite stagnating markets for sailing yachts and motor boats in Europe, and weak economic growth in the United States and the Asian region, the Bavaria Group has once again held its ground. The EBITDA has been increased five fold by the second largest shipyard in the world last year. After the years of economic crisis following 2009, this is already the second positive result in a row, and confirms the positive trend of business results of the Bavaria Group over the last five years. Even outside of professional circles, the Bavaria Group remains one of the most modern shipyards in the marine industry, and boasts the highest growth potential. Under the brand Bavaria Yachts, 24 different models of catamarans, sailing yachts, and motor boats are produced at the headquarters in Giebelstadt and the production site for multi-hulls in
Rochefort (France). In the new financial year, production for the new motor yacht product lines Bavaria E40 and Bavaria R40 was switched to an innovative modular design. Interior, hull and decks are built in parallel on their own line for these revolutionary motor yachts, and assembled at the end of the 125-metre production line. The result is higher quality, a shorter construction period, and better working conditions for the employees. The three other production lines for sailing and motor yachts have also seen some effective modernization since the summer break. From the start of the new financial year, all yachts from Bavaria are constructed using a complex vacuum infusion process. Now even lighter and more stable, the hulls are also more durable, make driving more cost-efficient and help conserve the environment during construction. With these two new innovative manufacturing methods, the Bavaria Group continues to expand its undisputed worldwide leading position in the manufacture of production series yachts. In particular, the Bavaria Catamarans division has grown strongly in the last financial year. Since taking over the Rochefort yard in 2014, production has trebled. A further extension of the experienced shipyard for multihulls will be implemented as planned in the new fiscal year, to meet the demand for the new Nautitech 40 and Nautitech 46 models. The key to the yard’s success in the heart of Germany can be found in the high customer satisfaction among Bavaria owners and charter clients. In an independent customer survey, created by the consultancy Kemény Böhme and Company from Munich at the beginning of the year, more than 82 percent of respondents equated the image of Bavaria with German premium car brands. The majority of the participants of the survey confirmed the yachts of Bavaria as having satisfactory sailing and driving characteristics, perfect workmanship, and high standards of comfort and equipment.

Bavaria New Spain Importer

Clipper Marine, Bavaria Yachts importer for the UK, is now as well announced as the new and exclusive importer for Bavaria Yachts in Spain. The contract between Clipper Marine and Bavaria Yachts was signed at the beginning of the Southampton Boat Show. “Together with the British market Clipper Marine raised up now to one of the largest Bavaria Yachts dealers in the world. The team of Clipper Marine works extremely professional and Bavaria Yachts is very proud to have Clipper Marine as an experienced partner in Spain”, explained Stefan Klaassen, Head of Sales at Bavaria Yachts. Directors of Clipper Marine Richard Hewett and Matt Attree told the assembled press at the Southampton boat show that 2016 marks 10 years of business for the company and said that the appointment as Bavaria Yachts importer for Spain will be another landmark in the growth of Clipper Marine.

Evo Yachts New USA Representative

Evo Yachts used the fanfare of The Cannes Yachting Festival to announce a new partnership with Miami, Florida-based G Marine, “The European Yacht Boutique.” The agreement names the US dealer and broker as the exclusive representative in Florida, Mexico and the Caribbean for the Evo Yachts model line. The agreement with G Marine is part of Evo Yachts’ expansion strategies where the U.S. plays a key role. The Evo Yachts luxury range is ideally suited for G Marine, also the exclusive dealer to the Americas for the renowned 100-year-old Spanish shipbuilder, Astondoa and the Florida dealer for the UK’s Fairline Yachts. The addition of the Italian brand expands G Marine’s European territories and broadens the types of boats offered; company representatives are in Europe meeting American clients and joining the Italian Evo family. The Evo 43 will arrive in Miami at G Marine after its display in Cannes and at the Genoa International Boat Show, September 20-25. The Fort Lauderdale International Boat Show,November 3-9 will mark its first presentation to the American market. The Evo 43’s expandable properties give the vessel yacht-like amenities while its architectural styling and power options provide a performance boat profile. Rosario and Alfredo Mercuri, owners of Evo Yachts, commented, “For Evo Yachts this new collaboration marks the beginning of our expansion into international markets, a natural evolution, facilitated by the global reputation and press coverage that our first model, the Evo 43 earned with its debut last year. G Marine is one of the best dealers in USA--we could not find a better partner.” “We are primarily boaters, who also sell boats,” says David Galante, partner in the G Marine family business. “We are captivated by excellent construction, function, customization and the pure joy that boating brings to our families and clients. We carefully select the partners with whom we work and EVO Yachts fit our criteria. We are pleased to showcase this Italian workmanship in November at the Fort Lauderdale International Boat Show, along with Astondoa and Fairline.”

Ferretti Group Blue Wonderful

Ferretti Group and the Yacht Club de Monaco brought to life a memorable event on September 2nd, illuminating the “magnificent blue” of the Monte Carlo night. The “Blue Wonderful” event featured a private concert by Sir Elton John which took place in the extraordinary setting of the YCM Marina surrounded by 30 yachts, representing all brands of the Ferretti Group. Sir Elton John entertained international guests with his solo piano concert performing his most celebrated songs like "Candle in the wind", "Rocket Man", "Daniel", "Bennie and the Jets", "Crocodile Rock", "Circle of Life", "Your song" and some hits of his last album “Wonderful Crazy Night” amongst which the opening song “Blue Wonderful”. After an hour and a half of playing the British star received rapturous applause from the 1,000-plus guests assembled on Quai Louis II and from the terraces of the Yacht Club, a building designed and built by his compatriot, Sir Norman Foster. He left the stage for the sea aboard his Riva, to a resounding salute as all the yachts in the Yacht Club’s Marina sounded their horns, a fitting tribute for someone who is passionate about yachts. “Blue Wonderful” marked the opening of “Private Preview” gathering, an annual opportunity for Ferretti Group boat owners in Monte-Carlo to visit and try out new boats in the fleet which this year included six world premières: Ferretti Yachts 850, Ferretti Yachts 450, Pershing 5X, Rivamare, 76’ Bahamas and Custom Line Navetta 37.

Ferretti Group Announce Order Intakes With Budgets and Steady Profits

Ferretti Group inaugurates the 2016 - 2017 season at the 39th edition of the Cannes Yachting Festival with its fleet of 22 yachts from 8 to 37 meters, amongst which presenting to the public six world premieres of Ferretti Yachts, Pershing, Riva and Custom Line brands. The boat show in Cannes, the season’s first major international event for the entire yachting industry, was opened with the annual press conference held by the Group, a tradition held year after year. Mr. Alberto Galassi, CEO of Ferretti Group, together with the Chief Commercial Officer of the Group, Stefano de Vivo, presented the main results achieved by the Group during the first eight months of 2016, confirming its global strategy for growth and investment. "This year our group is a key player at the Yachting Show in France as a star, with 6 world premieres among open, coupe, flybridge and maxi yachts, confirming that our three-year plan for development and the launch of new products is continuing as planned" - said Mr. Alberto Galassi. "These new models, along with all the other ones on display, form an unrivalled fleet of 22 yachts between 8 and 37 meters. Moreover, we can announce a brilliant economic performance that in many ways exceeded expectation. These achievements make us very pleased with all the work that has been done. In particular, the first eight months of 2016 are characterized by an order intake in line with our objectives and stable positive economic results." From a commercial point of view, as of the 31st of August 2016, Ferretti Group recorded a consolidated order intake of 217 million euros for its serial brands, in line with the budget forecasts for the current year. The Group expects to close 2016 with a total order intake of € 394 million, thus with an increase of 6.2% compared to 2015. In the first eight months of the year Ferretti Group continued its further market penetration internationally. In terms of consolidated order intake divided by geographies, as of the 31st of August 2016, the area including Europe, the Middle East and Africa accounted for 48% of new orders, while the Americas for 34% and the Asia Pacific markets for 18%. The success of our commercial strategy and the continuous improvement in terms of efficiency and productivity at each of the Group's construction sites has led, after the first 8 months of the year, to achieve consolidated revenues of 314 million euros, compared to the 250 million as of the 31st of August, 2015. The EBITDA, as of the 31st of August 2016, reached 34.7 million euros, which is an extremely positive result compared to the breakeven obtained 12 months ago. These achievements lead to a firmly positive profit after tax in 2016, reaching 10.5 million as of August 31st, 2016, compared to a loss of 16.9 million recorded last year in the same period. For the duration of the entire show Ferretti Group was joined by its prestigious partners, stars of several initiatives during the days of the exhibition. The car manufacturer Lamborghini alongside the Pershing brand will provide exclusive test drives of two latest generation racing cars, such as Huracan Coupe and Huracan Spyder, available for tests with departure from the Majestic Barrière, one of the most fabulous hotels on the Croisette. Veuve Clicquot will be the official champagne of the Group throughout the boat show, while The Luxury Collection, the most exclusive “Collection” of hotel chain Starwood will be Ferretti Group’s unique partner at the soirée during the Late Opening Night of the Yachting Cannes Festival, scheduled for Friday, 9th of September, taking care of the entire food & beverage stand of the Group. Boutsen Design created the entire soft decor on board of all the exhibited Ferretti Group yachts in Cannes, while Poltrona Frau presents its art pieces of the "Atelieur" line, displayed on board of the Pershing and Custom Line models. Dr. Vranjes with his famous fragrances will provide the fascinating olfactory background of the stand and the yachts, while the Dyson design fans will be refreshing our guests during their visit at Ferretti Group. Last, but not least, the confectionery laboratory; Agrimontana will serve its delicious homemade ice cream to the visitors of the stand.

Heesen Wins Two Awards at Monaco Yacht Show 2016

On September 27, 2016 Galactica Super Nova was awarded Best Exterior Design and Finest New Superyacht of the 2016 Monaco Yacht Show. Congratulations to her visionary Owners and to the exterior designer Espen Oeino! This is the third international accolade received by Heesen's flagship. The 70m Galactica Super Nova and the newly built 85m dry dock are a sign of yet bigger and better things to come for Heesen shipyards.

Hunt Best New Powerboat for 2017

Beating out several worthy competitors, the Hunt 72 took top honors at last weekend's Newport International Boat Show coming away with Best New Powerboat for 2017. It was a record second year-in-a-row win for Hunt Yachts.

Mulder Makes Record Deliveries in 2016

The Summer of 2016 has been an exceptionally busy one for the premier Dutch yard, which expanded in 2013 to one of the most efficient and sustainable shipbuilding facilities of the Netherlands. With seven deliveries in one year, it is definitely one to remember. The Mulder 98 Flybridge "A2" together with her chase-tender, the 1,200hp strong Mulder Bellagio "Silver Rabbit", is delivered to her Owner and are currently under way to France. The Mulder Bellagio "Spectrum V" was fully customized with specifications such as a lengthened swimming platform, aft sliding door and a Seakeeper gyroscopic stabilization system. The yacht was delivered to the South of France where the Mulder team commissioned the yacht after organizing the transport. The popularity of the Mulder Favorite Series is strongly presented in the yard's order portfolio. With the delivery of the Favorite 1500's "Summer" & "Christho" and the Mulder Favorite 1700's "Annabelle" & "Erminea" in the Summer of 2016, multiple orders have been received during the Summer resulting in five more Favorite yachts under construction. The Mulder Favorite yachts are proven to be of unrivalled class and the ideal size for both inland waters and sea. “It’s because of the hard work and persistence of the team that we have accomplished to deliver seven yachts in ambitious timing. I am proud to work with a dedicated team and delighted to cooperate with professional suppliers’’, CEO Dick Mulder explains. With six new builds under construction, including Mulder's largest yacht till date: the Mulder ThirtySix, Mulder Shipyard is continuing her strong order portfolio and is looking forward to the year to come.

Overmarine Mangusta New Partner in the Gulf

The working relationship between the Delhaye Gregory Group (DGG) and Overmarine Groups for GCC, Gulf Cooperation Council states, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE, will be made official on occasion of the upcoming Cannes Yachting Festival being held from 6th to 11th September. The Gulf has always been a reference market and one on which Overmarine Mangusta has been very successful. Many Mangusta yachts, especially large ones, have been delivered to Clients in this area over the past few years, both for cruising in home waters and itinerant between the Gulf and the Mediterranean. This has contributed to strengthening the Mangusta image, which is perceived locally, and indeed in the rest of the world, as being a brand of excellence. The market here is one of the most important poles of luxury and this part of the world has a high concentration of wealth. It is consequently a strategic area for the Overmarine Group’s plans for future development. In order to better implement these strategies, the Group decided to join up with a highly prestigious partner which knows both this area and high reference Clients extremely well. After over ten years of work and constant growth, the Delhaye Gregory Group is currently the top supplier of luxury services in the UAE. Its Clients want the very best in terms of innovation and technology, looking for top quality services, experience, reliability, professionalism and performance. DGG has the ability to achieve these high standards, regardless of the complexity of a Client’s request or the challenge they have put forward. And Clients chose it time and again for its reputation for excellence. Several companies operating on a number of market sectors are part of this Group, ranging from Platinum Events which organises exclusive events to Maison des Fleurs that creates top quality flower arrangements and Vintage and Prestige Motors selling vintage and luxury cars, as well as an auction house and photography studio. The Group is expanding all the time. This kind of experience is a key sales feature in the Gulf, where standards are extremely high.

Pursuit Announce New President

S2 Yachts CEO and President Tom Slikkers announced the promotion of industry veteran Bruce F. Thompson to the position of President at Pursuit Boats. Bruce began his Pursuit Boats career in 2004 as Vice President of Manufacturing and has worked in the marine industry for 30 years. Prior to joining Pursuit, Bruce led the Product Development and Engineering team at Sea Ray Boats. During his tenure, Bruce has managed the manufacturing and operations including successfully guiding the company through one of the most challenging economic climates the marine industry has ever experienced.

Riva at World Yacht Trophies

The new Riva convertible wins the award for “Best Exterior Design” in the 50-80 foot category. Yet another award is added to an already glittering list of awards, yet another yacht is set to expand the gallery of successes achieved by Riva, a nautical legend for over 170 years. At its world debut at the Cannes Yachting Festival 2016, 76’ Bahamas, the new model built at the Ferretti Group's shipyard in La Spezia, won the “World Yachts Trophies” award for “Best Exterior Design” in the 50 to 80 foot range category. The new convertible yacht has been created on the same hull platform of the 76’ Perseo coupe, and is fitted with the renowned “Convertible Top” system, the exclusive Ferretti Group patent first featured on the 88’ Florida. Joining the two best sellers, launched in September last year and both winners of the “World Yachts Trophies” 2015, is now the 76’ Bahamas, with a recognition that confirms the position achieved by Riva in recent years as a leader of innovation.

Riviera Strengths Europe with New Sales Manager

Australia’s favourite and most-awarded luxury motor yacht builder – has appointed a vastly experienced European sales manager to further strengthen its international presence and owner support in Europe. Based in Barcelona, Spain, highly regarded marine professional Jan Van Oostenryck has over 17 years of experience with the Riviera and Belize marques that are renowned globally for their premium luxury, practicality, easy-to-use technology, superior build quality and legendary sea-keeping capabilities. Riviera international sales director Chris McCafferty, in announcing the appointment at the Cannes Yachting Festival, said Mr Van Oostenryck will work closely with members of Riviera’s growing European family of yacht owners and the established Riviera dealer network. Mr Van Oostenryck said he was very excited at the opportunity of delivering Riviera’s premium customer care initiatives, including superior support and exclusive invitations to boating education and social events, as well as cruising-in-company experiences.

Sanlorenzo Leaps Forward

Sanlorenzo’s production and turnover progression, with the exception of an inflection in 2012 and 2013, registered a net growth since 2004, year of the shipyard acquisition, with a 16 % CAGR (Compound Average Growth Rate), constantly growing during the turbulent crisis years that followed 2008 (two-thirds of the period), and reaching, in 2016, a result 26% higher than that of 2008, a golden year in the global nautical business. In particular, Sanlorenzo managed to increase its value of production in 2016 by 15% with respect to 2015, reaching €250 million (forecast), and was able to keep its profitability in spite of the difficult years and lasting crisis, confirming also for 2016 a €25 million Ebitda (forecast), equivalent to a 20% growth with respect to the €21 million of 2015, an resulting from the production of 28 yachts, 40% more than the previous year. The budget forecast for 2017 appears to be even more encouraging, with a turnover reaching €275 million and an Ebitda increasing by 12% to €28 million, thanks to a 35% increase of the production, with 38 yachts. These more than positive results have been made possible by two significant factors: The opening towards new markets, which today are positively responding to the yachting sector, specifically the EMEA area (Europe, Middle East, Africa) and the APAC area (Asia-Pacific), and the consolidation in the Americas region, where a new generation of young yacht owners is entering the yachting world. A significant increase in the average length of yachts and the entrance in the world of superyachts and megayachts, with a consequent increase in the value of the yachts sold, mainly in the production high end on the new markets. The following strong points of Sanlorenzo remain valid at a global level: Made-to-measure yachts, realized specifically for each owner. Classic and elegant design, consolidating as a timeless value. Distribution through a network of Brand Representatives, consisting in a number of subsidiary companies , that allows Sanlorenzo to control directly the global market, without recurring to mediation and intermediaries, a unique case in the yachting sector. Thanks to its expansion politics, the solidity of its strong points, continuous innovation, the dimensional growth of model and the acquisition of new production units, Sanlorenzo is proud to be the only company in the nautical sector at a global level to have not only maintained intact the dimension of its workforce, without exploiting the Redundancy Fund. Against the flow in the nautical and in most of other industrial business, Sanlorenzo has been able to increase the number of its employees in 2015/2016, hiring 50 new people at different levels. In 2016/2017 more 50 employees are expected to be hired, reaching a direct workforce or 300 units and, along with the 700 workers of Sanlorenzo’s subcontractors, the total number of people working everyday on the yacht construction and company management is 1000. This human resource expansion is a significant investment that the company considered essential in order to straighten its current placement and maintain a growing trend. Production sites expansion and investments To reach its goals, Sanlorenzo is following a policy of expansion of its production sites, starting from the original Ameglia shipyard, where the Headquarters are located. Its area and volume will double by 2018, in line with a project by Studio Archea Associati of Florence, famous for designing Cantine Antinori in San Casciano, and the requalification of the San Lorenzo marketplace in Florence. The Viareggio premises will acquire two new sheds and a large external area that will allow for the production of 20 to 50 fiberglass motoryachts between 78’ and 140’. The big step is represented by the acquisition of the Cantieri San Marco in La Spezia, located in the gulf, which houses large sheds deep docks, and cranes for a total surface of 50.000 square meters (30.000 indoors and 1800 dedicated to the offices). All the production of metal superyachts (40Alloy, 460Exp, 46Steel, 52Steel, 64Steel, and the upcoming 67Steel) has been concentrated in this shipyard, with a production capacity of 8 superyachts. This imposing production site, named Sanlorenzo Superyacht, is currently building two 460Exp models, two 52-meter units of the new 52 Steel model and the new flagship 64 Steel, and it will also allow to carry out refitting activities on superyachts. The total investment for the 2017-2019 period amounts to €60 Millions: €20 Millions in new products and €40 Millions in assets. Global Order Book ranking Since 2014, Sanlorenzo has been ranking second place in the Global Order Book, the annual list of orders of the international superyacht builders (for yachts over 80’, 24 meters) published by the American magazine Showboats Interrnational, after maintaining the 3 rd position in the past 4 years. In 2016, its position has been reconfirmed with 54 new projects and 1891 meters under construction, above Ferretti Group (which includes 5 brands, Ferretti Yachts, Custom Line, Crn, Pershing, Riva), that has 54 new projects but 1791 meters under construction, and just behind Azimut-Benetti group (which includes Azimut Yachts, Azimut Grande, and Benetti) with 2580 meters under construction but with 63 new projects, only 9 more than Sanlorenzo that operates with one brand. 

Sanlorenzo Takes Double Accolade at World Yacht Trophies

In the refined setting of Intercontinental Carlton Hotel’s private beach in Cannes, in front of an international audience, Sanlorenzo obtained two important accolades in the 2016 edition of the World Yachts Trophies: Massimo Perotti: Personality of the Year, and SL78: Best Exterior Design. The international jury awarded Massimo Perotti Chairman/CEO of Sanlorenzo S.p.a. the prestigious Personality of the Year prize, rewarded for “an outstanding career as in a few years he has led Sanlorenzo among the three largest yacht builders of over 24 mt. In the latest years the shipyard has constantly progressed in building larger size yachts, with two 64-meter superyachts under construction in the La Spezia facility. Large investment in infrastructures have contributed to this upgrade”. Since 2005, when Massimo Perotti acquired the shipyard, Sanlorenzo has experienced an impressive worldwide growth, though maintaining a strong focus on the total customization of its products. In 10 years of Perotti’s management, Sanlorenzo’s turnover has grown from the initial 57 Million in 2005 to 250 Million Euro in 2015. The turnover forecast for 2017 is 257 Million Euro. The new Sanlorenzo SL78, world premiere at the Cannes Yachting Festival, was awarded for the best exterior design in the 24 to 38-meter range. The jury awarded the SL78 with the following motivation: “This prestigious Italian brand offers an access to the Sanlorenzo universe through the smallest yacht in its range. SL78 unites the traditional elegance of exterior lines with innovative features, like the new tender launching system, a Sanlorenzo exclusive”. The exterior lines of the new SL78 were redesigned with the greatest respect for Sanlorenzo’s DNA, the best expression of technological research applied to the excellence of the boatbuilding sector, in a continuous innovation into tradition, proposing contemporary but timeless lines. SL78 is the only motoryacht in its category to be made-to-measure according to the requests of its owner, as each Sanlorenzo since 1958. The best yachts participated, as usual, in the famous Yacht Parade, a défilé of yachts that attracts the attention of the entire city, gathered for the occasion on the Croisette to admire the novelties launched on the market by shipyards from all over the world.

Sunreef Awarded for its Layout

Held during the Cannes Yachting Festival 2016, the World Yachts Trophies was a night of celebration for the Sunreef Yachts shipyard specializing in custom designing and manufacturing of catamarans with over 60ft in length. The Company’s latest project – the Sunreef Supreme 68 was awarded for its layout in the category of yachts ranging between 15 and 24m in length. Introduced in 2016, the revolutionary concept of the power and sailing multihulls – the Sunreef Supreme 68 revisits the way catamarans have been so far designed. With 300 sqm of living space, the Sunreef Supreme offers the surface of a superyacht on a unit below 24m. A new, radical shape of the superstructure allows to keep the saloon and exterior deck on the same level. As a result, the Sunreef Supreme boast an enormous main room surrounded with floor to ceiling glass - a smooth, seamless space opening onto the cockpit and giving direct access to the deck through folding doors on both sides of the yacht. The model comprises additionally an aft garage with a door creating a beach platform after opening. All the Sunreef Supreme 68 are fully personalized in terms of interior layout, finishing and technical equipment. Up till now the company sold 7 units from this model and already launched 3 units including 1 power and two sailing yachts. Organized by the Yachts France Magazine, the World Yachts trophies reward the best of the latest luxury boating industry innovations. Industry professionals, yacht owners and shipyard executives have been participating in this event for more than 10 years. The award was received by Sunreef Yachts representatives: President – Francis Lapp, Director of Design Office at Sunreef Yachts – Nicolas Lapp and Karolina Paszkiewicz – Marketing Director at Sunreef Yachts, all present on the event’s stage next to the Carlton Hotel's beach on the 10th of September 2016.

Sunseeker Reach New Sales Record

Sunseeker International is celebrating a triumphant start to the boat show season following the successful Cannes Yachting Festival and Southampton Boat Show, with £70m of confirmed retail orders (exc. tax), and an expected £25m of additional orders to be agreed shortly. At this year’s Cannes Yachting Festival, Sunseeker launched four new models - the 95 Yacht, 116 Yacht, 68 MK II and Manhattan 52. The Cannes show, which is the first of the Autumn season, was extremely busy for Sunseeker with very high levels of visitors to the stand and pre-booked meetings with clients and prospects at a record high. Sunseeker continued to see high levels of visitors at the Southampton Boat Show, the UK’s largest in-water boat show, and held a record number of pre-booked meetings with existing and new customers. In particular, interest in the new Manhattan 52 has been exceptional. This new yacht is Sunseeker’s smallest flybridge model in over a decade and exemplifies the latest in Sunseeker’s cutting-edge design. The Manhattan 52 is designed to maximize entertainment options, light and living space throughout the boat and it sets the design direction for a new wave of Manhattan models that will be introduced over the coming years. Sean Robertson, Sales Director at Sunseeker International, commented: "This year’s Cannes and Southampton Shows have been truly excellent - we've enjoyed really positive events with substantial confirmed retail orders, on sales of 25 luxury motoryachts across the range, with an additional £25m of orders to be agreed shortly. We were particularly proud to host the world premier’s and UK debuts of our new models, the Manhattan 52, the Predator 68 MKII, the 95 Yacht and the 116 Yacht, all of which have been eagerly awaited by existing customers and those new to our brand. It's also been a real pleasure to welcome so many visitors and special guests to the stands, which included our graduate apprentices and the Minister of Transport the Rt Hon John Hayes MP at the Southampton Boat Show.” The business also revealed at Cannes Yachting Festival that it moved back into profit in the second quarter of 2016 with a forecasted overall return to profit for the full year. The next five years will see a massive £50 million of investment spent across new products, improved shipyard facilities and the continued recruitment of people. Multiple model launches are set to continue as part of a long term product plan that will see new model introductions across the size range over the next five years including additions to the Manhattan range.

Sunseeker Returns to Profit

Sunseeker International has revealed that it moved back in to profit in the second quarter of 2016 and has forecasted an overall return to profit for the full year. The business also announced a massive £50 million of investment to be spent across new products, improved shipyard facilities and the continued recruitment of people over the next five years. This follows much improved results through sustained growth in 2015 which also saw considerable levels of investment during the year. These results can also be attributed to a period of significant change and restructuring within the business and the robust plan put together by Sunseeker’s new executive team which saw investment in new products, shipyards, growing its already first class global dealer network, and hiring skilled staff and apprentices. This was coupled with building better efficiencies throughout the business and driving a strong and continually improving order book which is 24% up (by turnover) year-on-year in 2016. The investment in new model development is already reaping rewards with five new model launches in 2016 including the 131 Yacht, 95 Yacht, Manhattan 52, 116 Yacht and Predator 68 MK II, securing over £220 million of orders at retail value to date. These multiple model launches are set to continue as part of a long term product plan that will see new model introductions across the size range over the next five years. The executive team’s plan to invest in long term profitable growth and to help drive excellence, innovation and efficiency across the business has set the company on a fresh course to strengthen its position as the number one global brand for luxury performance motor yachts. The plan is backed by majority shareholder Wanda Group, which has underwritten the investment to support the plan. As well as the significant investment, Sunseeker also made huge financial progress in 2015, reducing losses by 67% to £13.6 million and paving the way for the company to return to profit in 2016. Phil Popham, CEO of Sunseeker International, said: “I am delighted with our performance. 2016 has been a defining year for Sunseeker and we are confident of achieving strong, profitable and sustained long term growth as we continue to invest in the business for the future. This was just the start of our journey, we will continue to invest heavily over the next five years in new product development, shipyards and our people. “All this, underpinned by a strong forward order book, means we are very excited for the future of this business.”

Sunseeker Achieves Strong Retail Sales in Cannes

Sunseeker International has announced strong retail sales at the Cannes Boat Show with in excess of £25m of retail orders ( taken and a further £15m expected to be completed post show across a wide range of yachts including the wonderful new Manhattan 52 and the magnificent new 116 Yacht.
At this year’s show, Sunseeker launched four new models including the 95 Yacht, 116 Yacht, 68 MK II and Manhattan 52. The business also revealed that it moved back in to profit in the second quarter of 2016 with a forecasted overall return to profit for the full year. The next five years will see a massive £50 million of investment spent across new products, improved shipyard facilities and the continued recruitment of people. Multiple model launches are set to continue as part of a long term product plan that will see new model introductions across the size range over the next five years including additions to the Manhattan range. The Cannes show, which is the first of the Autumn season, was extremely busy for Sunseeker with very high levels of visitors to the stand and pre-booked meetings with clients and prospects at a record high, a reflection of the incredible product range from 50-150 feet, first class dealer network and unrivaled after- sales customer support. Commenting on the strong retail sales figures, Sean Robertson, Sunseeker International’s Sales Director, said: “The Cannes Show has been highly successful and we are pleased to have had such a strong reception to our new models, in particular the Manhattan 52, which made its world debut at Cannes and really stole the show. We will be exhibiting most of our model range at boat shows throughout the world including Southampton and Monaco where we are also expecting strong retail sales.”

Viking Dealer Meeting 2016

It's been a short week but a busy one for the team at the Viking Yacht Company. After enjoying Labor Day, the Viking crew welcomed our dealer network which included locations both near (Cape May, New Jersey and Staten Island, New York) and far (Cayman Islands, Panama, Venezuela) to the annual Viking Dealer Meeting, Sea Trial Event and Gala Dinner based in Atlantic City, New Jersey. Tuesday evening, the crowd toured the new Viking Mullica location then dined in one of the newly renovated manufacturing buildings. The day started early on Wednesday as Viking President and CEO Patrick Healey presented the upcoming year for the Viking Yacht Company. This included new product, new technology and the continuous philosophy of building a better boat every day. After the classroom style portion of the day was complete it was time to get some hands-on knowledge and sea trial the newest and most prestigious fleet in the industry. As the sun broke through the clouds leading to a spectacular sky and evening, dealers, staff, vendors and customers made their way to the rooftop deck of the Golden Nugget Casino and Resort to not only partake in an extravagant cocktail party featuring the freshest and most succulent Jersey raw bar but also the highlight of the evening, the Viking Yacht Walk. The crowd was awed as each work of art gracefully sailed down the dock showing off their perfect proportions and alluring lines under the setting sun. Then it was on to the ball room for a gala surf and turf dinner. The docks were busy on Thursday with Viking's epic sportfish and motor yachts hosting eager customers to real life sea trials in the Atlantic Ocean. Plenty of Viking management and staff were on hand to field questions and discuss the different features of each boat. By day's end it was unanimous that everyone's experience was completed with a satisfied smile. Contact your Viking dealer for information on the 2017 event.

Viking Wellness Center

The Viking Wellness Center opened this past spring to plenty of pumping iron! Created from the Viking Yacht Company's proactive healthcare and wellness initiative for employees started 30 years ago, this fitness center's members are comprised exclusively of Viking staff. The Center is a result of the many wellness programs that have been established for the sole benefit of Viking employees. Keeping employees healthy allows them to establish a better life balance which results in a better work environment. Open six days a week including Saturday, the Center adapts to fit the Viking work week. Before the first bell rings, staff members can get a good sweat in and grab a shower ready to start the day at the New Gretna manufacturing plant. After work the Center is a hub of activity with people working out individually, with trainers or in organized classes. Partner training is offered and has led to new friendships. Different departments and language barriers don't stand a chance once the fun, challenge and motivation of partner training kicks in.

Viking at 36th Annual Manasquan River Marlin and Tuna Club Offshore Open

Five Vikings took top billing during the nine day Manasquan River Marlin and Tuna Club Offshore Open. Rules allow boats to choose their two fishing days to take advantage of the weather windows frequently encountered in the offshore canyons. This flexible schedule allows a wide array of fishing boat owners to participate and with 79 teams jockeying for top slot in numerous categories, it is one of the most popular regional tournament events. Robert Menetta's Tra Sea Ann, a Viking 62, took First Place White Marlin honors with 16 releases. TheEnvelopeus, another Viking 62 owned by Steve Hegna, earned First Place Blue Marlin honors with two releases. Tom Ely's Irish Twin, a Viking 52 Open, weighed the largest swordfish, a 122 pounder. Goin In Deep, a Viking 70 owned by Larry Hess, tipped the scales with an 81.3 pound yellowfin tuna for the First Place slot in the Ray Catena Audi Yellowfin Category, while the Can Do Too, a Viking 52, took top wahoo laurels with a 52.18 pounder. The Manasquan River Marlin & Tuna Club founded in 1936 is a non-profit, members-only sportfishing and conservation club, and tournament sponsorships are raised for scholarships and supporting fishery issues including the Recreational Fishing Alliance, National and New Jersey chapters, Rutgers University Marine Science, the George Burlew Scholarship Fund, Catch-a-Dream Foundation, and ReClam the Bay, Barnegat Bay, New Jersey. 

Viking at 26th North Carolina's Governor Cup

The North Carolina Governor's Cup Billfishing Conservation Series completed its 26th year with 46 boats catching 274 billfish with a 97.44% release rate. Using the best of three tournaments out of eight, boats earn points for releases, qualifying blue marlin and 50 points for fishing a tournament. The overall winner was awarded to the Viking 72 with an angling crew compiled from the Viking Yacht Company as well as Bluewater Yacht Sales. Captain Ryan Higgins fished the Big Rock Marlin Tournament and the Pirate's Cove Billfish Tournament. The team landed one blue marlin at 564.1 pounds and released two blues, 13 whites and one sail.

Zeelander New Official Dealer in France

Zeelander Yachts are pleased to announce the appointment of Port d’Hiver Yachting in Bormes-les-Mimosas as the Official Zeelander Dealer in France. Port d’Hiver Yachting is owned and run by Samuel Finck, who – for more than a decade – provides professional, reliable and friendly service to the yachting public. Samuel and his team are delighted with the new product range and are looking forward to share their enthusiasm with many Zeelander customers, old and new. In his capacity of Official Zeelander Dealer, Samuel will be working closely together with Frank Sommeling, our Sales Representative in the area. With this appointment Zeelander is ensuring their current and future customers a maximum of service, maintenance and repair in the region.

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