Monthly News - August 2022

-pic of the month- Jarrett Bay Tournament Trails

Bayliss Carolina Boat Builders Tournament Support

While the 62’ Tarheel (Bayliss) is spending some time in Costa Rica, the 44’ Tarheel (Scarborough) is holding down the summer tournament scene in North Carolina. This past week, the Tarheel team competed in the Carolina Boatbuilders Tournament out of Pirate’s Cove. We are honored and grateful to be a part of the North Carolina boat building community, and we look forward to supporting this tournament every year. Proceeds from the tournament benefit the Dare County Boat Builders Foundation . Last year the organization awarded $106,000 in scholarships to local high school, college and graduate students.

Bayliss at Bermuda Big Game Classic

Pescador had a strong run in the Bermuda Big Game Classic this past month! The team boated a 534 lb. blue marlin landing them 2nd place in the largest blue marlin category. The team placed 5th overall in the tournament, releasing three blue marlin, one white marlin and one wahoo.

Bering Choice from Nautistyles

Victoria Chalaya & Rico Stoll, the hosts of the most watched US-based yacht YouTube channel NautiStyles, have chosen a Bering 75 as their next boat. It took them three years to pick a manufacturer! A new YouTube channel, NautiGuys, will document every step of designing and building their dream yacht. NautiGuys will take viewers behind the scenes of producing a long-range steel explorer yacht. Follow to see them mulling over every option, every deliberation, and every decision. This exclusive yacht-building journey is the next best thing to purchasing a yacht of your own.

With the gross tonnage of 174 tons, an impressive 4,000+ nautical mile range, and a top speed of 11 knots, this B75 will be an interesting vessel to build. Add the six-cabin layout, unique for a yacht of this size, accommodations for ten guests and two crew, and other design and nautical architecture challenges – this quest will definitely be worth following!

Ferretti Group Approves 2022 Half Year Results

The Board of Directors (the “Board”) of Ferretti SpA today reviewed and approved the Group’s H1 2022 consolidated financial results. Mr. Alberto Galassi, the Group’s Chief Executive Officer, stated: ”The market is at an extraordinary point, although our strong growth owes particularly to our hard work. We are investing in continued innovation and consistently unveil new models. Every aspect is painstakingly considered, from its design to the technology, while continually looking to reduce our environmental footprint. We are confident that we bring the best of Italian boating to the world and achieve tangible results for our shareholders”. Order intake: Euro 641.9 million in H1 2022, up 30% on H1 2021 (Euro 493.6 million), thanks to strong global market demand. Order backlog of Euro 1,218 million at June 30, 2022, up 20% on December 31, 2021 (Euro 1,016 million), thanks to the winning of a significant number of orders in the period and up 49% on the same period of 2021. Order backlog by segment: Composite yachts reached Euro 389.0 million at June 30, 2022, equal to 32% of the total order book (from Euro 366.0 million, equal to 36% of the total order book at December 31, 2021). Made-to-measure yachts reached Euro 400.7 million at June 30, 2022 or 33% of the total portfolio (from Euro 299.0 million or 29% of the total portfolio at December 31, 2021). The Super yachts segment: Euro 370.5 million at June 30, 2022, equal to 30% of the total portfolio (from Euro 293 million, equal to 29% of the total portfolio at December 31, 2021). Other businesses remained stable at Euro 57.8 million, equal to 5% of the total portfolio at June 30, 2022, while at December 31, 2021 they were equal to 6% of the total portfolio. Net revenue of Euro 534.9 million in H1 2022, up 17.0% on H1 2021 (Euro 457.2 million), thanks to the significant number of orders won in 2021. Revenue by segment: Composite yachts report revenue of Euro 233.7 million, accounting for approx. 43.7% of total revenues, in H1 2022 (from Euro 236.4 million, accounting for approx. 51.7% of total revenues, in H1 2021). Made-to-measure yachts report revenue of Euro 201.3 million, accounting for approx. 37.6% of total revenues, in H1 2022 (from Euro 126.9 million, equal to approx. 27.7% of total revenues, in H1 2021). The Super yachts segment reached Euro 48.9 million, accounting for approx. 9.1% of total revenues, in H1 2022 (from Euro 39.1 million, equal to approx. 8.5% of total revenues, in H1 2021). Other businesses, including ancillaries, totalled Euro 51.0 million, accounting for approx. 9.5% of total revenues, in H1 2022 (from Euro 54.9 million, equal to approx. 12.0% of total revenues, in H1 2021). Revenue by region. The AMAS region reached Euro 171.3 million, accounting for approx. 32.0% of total revenues, in H1 2022 (from Euro 180.0 million, equal to approx. 39.4% of total revenues, in H1 2021). The EMEA region reached Euro 225.6 million, accounting for approx. 42.2% of total revenues, in H1 2022 (from Euro 154.2 million, equal to approx. 33.7% of total revenues, in H1 2021). The APAC area reached Euro 38.1 million, accounting for approx. 7.1% of total revenues, in H1 2022 (from Euro 29.0 million, equal to approx. 6.3% of total revenues, in H1 2021 2021). Other regions and the Super yachts segment reached Euro 100.0 million, accounting for approx. 18.7% of total revenues, in H1 2022 (from Euro 94.0 million, equal to approx. 20.6% of total revenues, in H1 2021 2021). Adjusted EBITDA of Euro 69.0 million in H1 2022 grew 30.2% on H1 2021 (Euro 53.0 million), with a margin of 13.5% in H1 2022, up 110 basis points on H1 2021 (12.4%). This strong performance is due to three main factors: Commercial: a longer waiting list due to the extensive order book, which means greater pricing power. Strategic positioning: a stronger presence in the most profitable segment, such as Made to measure. Industrial: economy of scale in procurement and more efficient absorption of fixed costs. Net Profit of Euro 29.9 million in H1 2022, growth on H1 2021 (Euro 23.4 million), with a margin of 5.9% in H1 2022, increasing 40 basis points on H1 2021 (5.5%). Capex of Euro 37.0 million, of which Euro 15 million for Product Development in H1 2022. Net financial position improved from Euro 93.3 million of net liquidity at December 31, 2021 to 183.1 million of net cash at 30 June 2022, generated by the business. Adding up approx. Euro 232.7 million from the IPO Proceeds, the Group reached Euro 415.8 million of net liquidity. The increase in cash generation is mainly attributable to the improvement in working capital, which went from (88) million euros at 31 December 2021 to (161) million euros at 30 June 2022. Significant events in H1 2022 Riva, the Group's historic brand, celebrated its 180th anniversary with an exclusive event at the La Fenice theatre in Venice and the presentation of "Anniversario", a limited-edition Riva model (18 pieces at launch) to celebrate the 60th anniversary of the historic Aquarama model. The 18 units are produced exclusively for selected Riva customers, demonstrating that in the luxury yachting sector Riva is the only brand able to leverage its brand and a model recognized by all as iconic, to create a limited edition. In addition, Riva presented the 102' Corsaro Super, a stunning flybridge restyling and successor to the 100' Corsaro, one of the most warmly-welcomed best sellers of recent years.  Wally unveiled its latest model Wallypower58 in Venice in June for the first time at a boat show, expanding its range. Ferretti Yachts unveiled the new 580, a new flybridge model that replaces the Group's historically successful Ferretti 550. Ferretti Yachts also unveiled the new 860, a new flybridge with cutting-edge design that replaces the previous 850 model. CRN presented the second alloy superyacht of the period; CRN M/Y 142, 52m “Ciao." Custom Line officially unveiled the Custom Line 140', the largest ship ever built in composite by the brand.

Ferretti Unveils Infynito

Ferretti Yachts presents Infynito, the new range of yachts created to complement the current flybridge offering and explore the essence of the sea. The project’s aim is to develop iconic trendsetters designed to propel the brand into the future. Infynito introduces extraordinary features that innovate the yachting experience and a style that gives shape to owners’ new needs: seamless contact with the surrounding environment, even more sustainable materials and navigation, plus custom detailing, where minimalism and representation make way for harmony, essence, sophistication and a direct link with the sea and the sky. The key innovation is visual continuity between interiors and exteriors, connecting the boat to the horizon as never before. This is how the experience becomes infinite: with no more limits and boundaries, the view sweeps far and wide and navigation is purer, more personal and more introspective. The understated design is clean and balanced, expressing new values that point the way to the more natural and sustainable approach to cruising increasingly embraced by owners. Infynito styles itself as the range inspired by explorer vessels, boats designed for long voyages and to welcome guests in total comfort, giving the owner that “just like home” feeling in the intimacy, safety and relaxing atmosphere of a space that embodies this concept. It also introduces F.S.E.A. (Ferretti Sustainable Enhanced Architecture), a package of environmentally friendly cruising solutions. They include a solar roof that generates electric power to charge the onboard batteries, and hotel mode operation, a technology that creates an atmosphere of total relaxation on board, with zero emissions thanks to a special lithium battery pack. Finally, the crucial choice of greener materials: ecological paints, sustainable teak, recyclable fabrics and leathers. Another key point is the development of the Main Deck, where the view sweeps seamlessly from interior to exterior and from bow to stern. The design of this space, one of the new range’s most distinctive and iconic features, includes FY’s ground-breaking “all season terrace”, a spacious and atmospheric area that is hidden from prying eyes when the yacht is moored on the quay and functional at sea in all weather conditions. Ferretti Yachts Infynito is the result of collaboration between the Strategic Product Committee led by Mr. Piero Ferrari and the Ferretti Group Engineering Department. The exterior design and hulls are by Filippo Salvetti, while the interiors are the work of Ideaeitalia.

Gulf Craft Appoints Exclusive Dealer in France and Monaco

A strategic move to further expand its footprint on the continent and meet the significant growth in demand for its superyachts and adventure-type yachts. The appointment marks another important milestone for Gulf Craft as it celebrates 40 years of excellence in innovative and high-quality world-class boats and yachts.  Mohammed Hussein AlShaali, Gulf Craft’s Chairman, said: “France and Monaco hold a distinctive position in the global yachting community and are home to Europe’s marquee boating events – the Cannes Yachting Festival and Monaco Yacht Show. Over the last 40 years we have built a reputation as a global manufacturer known for its innovation in yacht and boat building; selecting the right partner to represent us in one of our key territories is therefore crucial. We are certain that Aqua Marine, with its stellar reputation and experience of more than 25 years in the maritime industry and understanding of the yachting scene in these two very important markets, is the ideal partner to represent our Majesty and Nomad brands to our European clientele.”  “Gulf Craft is one of the industry’s leading manufacturers so it’s an honour to join the family as its exclusive dealer and support the company as it further expands its footprint around the world,” said Nicolas Bochno, Aqua Marine’s Manager. “The Majesty and Nomad ranges are highly sought after amongst our clientele of marine lifestyle enthusiasts and so there is great potential for even more success. We are very much looking forward to embarking on this journey together and to propelling Gulf Craft’s position as a leading boat and yacht manufacturer to even greater heights.”  With established sales success, Aqua Marine has already brokered the sale of two Majesty 120 yachts and two Majesty 100 yachts – the latter of which was Gulf Craft’s best-selling vessel in 2021. It joins the company’s 28 distributors around the world, eight of which were added to its network last year across twelve new European countries with distribution channels set up in key territories such as Germany, Portugal, Spain and the Netherlands.

Jarrett Bay Tournament Trails

Congratulations to team Stella June aboard their 46' Jarrett Bay for winning over $1.2M and top honors at the 2022 Bisbee's East Cape Offshore Tournament!  Evie Medico won the Lucy B. Gaddy Junior Angler Scholarship Award fishing aboard hull 13, Carolina Girl after she boated a dolphin and released a sailfish during the Alice Kelly Lady Angler Tournament.  Hull 11, Bill Collector claimed 2nd place at the Pirate's Cove Billfish Tournament, releasing a blue, white and 4 sails for 750 points overall. Their success was awarded over $150,000 in prize money!

Kadey-Krogen New West-Coast Sales Manager

Kadey-Krogen Yachts and Summit Motoryachts continues to build on its success and momentum by adding marine industry veteran Jonathan Cooper to its management team. As West Coast Sales Manager, Jonathan will run the company’s new Seattle sales office and focus on hiring and overseeing a dedicated sales team in this key market, while managing the customer experience from initial interest to delivery and beyond. The opening of a West Coast office is a vital component of the company’s strategy to sell direct to the customer to ensure the company delivers the best customer experience for all of its Krogen and Summit Motoryachts customers. In addition to the initial Seattle area sales office, Jonathan will be tasked with identifying opportunities throughout the North American West Coast. Employing the right person to oversee this undertaking is paramount. “Having someone like Jonathan take a lead role in our strategic expansion is extremely exciting,” said Tucker West, CEO of Kadey-Krogen Yachts. “His prolific background adds a complementary level of experience to our team and will be key in leading our sales expansion efforts. We’ve worked together before, and I’m thrilled I get to do so again in this capacity.” Prior to joining Kadey-Krogen Yachts and Summit Motoryachts, Jonathan was the art director of PassageMakermagazine, where he was the Editor for four years as well. Before joining PassageMaker, Jonathan had multiple roles at Grand Banks Yachts, including Director of Brand & Marketing and Creative Director and played a key role in facilitating the sale of new boats. Within all these roles, Jonathan developed unique insights to the luxury cruising and bluewater markets and deep personal relationships that will be key to fostering future growth. Jonathan has also travelled the world photographing cruising boats and destinations. "As someone who has spent most of their career in this market, I am very excited to work with Tucker and the team at the company that essentially pioneered long-distance powerboat cruising,” says Jonathan. “The dedication to new product for both the Krogen and Summit series and the attention to quality will certainly help make my job easier.”

Mimi Gozzo Record Demand

The stylistic revolution introduced by the yard continues to deliver results: the fast, modern gozzo boats produced in Naples and sold all over the world are increasingly popular, with demand at an all-time high. Italy clearly continues to be an important market for the gozzo boats produced in Agnano, Naples, the increase in demand on foreign markets is much higher than expected. About 70 boats will be delivered by early 2023, while the sales campaign being launched in the coming days will result in 40 more deliveries by the end of next summer

MJM Partners with Dimillo

DiMillo's and MJM are expanding together in the Chesapeake!  “DiMillo's is amongst the finest yacht sales and service organizations on the East Coast. In just over a year, they have done an outstanding job in the NH and Maine markets. Their West River, and Oxford, sales & service yards will offer unmatched attention and responsiveness for the MJM Chesapeake family. We are thrilled to have them expand their role within the MJM family.” - Peter Johnstone, 2nd Gen MJM.  As MJM continues to innovate with new models, and grow its new facility in North Carolina, we are dedicated to further building a world-class partner network to provide our owners the highest level of service and care possible for MJM and its extended family.

Sunreef Expands in Turkey

Sunreef Yachts, the world’s leader in sustainable luxury catamarans, is expanding and opens its sales office in Istanbul, Turkey in August 2022. With two shipyards & offices in Gdansk, Poland and one shipyard and office that opens soon in the UAE and a sales office in Fort Lauderdale, US, Sunreef now opens its sales office in Istanbul, Turkey. Sunreef Yachts has been experiencing tremendous growth in the past years and has big ambitions to further grow. Francis Lapp, the founder and visionary behind the success of Sunreef, sees a great opportunity in Turkey for its luxury catamarans. While Italy, France and Monaco remain yachting hubs of significant importance, Turkey, Greece, and Croatia continue to draw increasing attention. Turkey is a strategic choice for the company due to its economy, yachting tradition, location, and perfect environment for sailing. The Turkish economy has shown the fastest economic growth among the G20 countries in 2021 and it is one of Middle East’s top countries for wealth hosting >100.000 millionaires and seeing strong growth in HNWI’s living in Turkey in the next 5 years. Turkey is fostering an ambitious program of marina expansion, attracting major developers to the country. Turkey is an emerging powerhouse at an important regional crossroad between West and East which has 8.000 km’s of coastline and having some of the most beautiful pristine bays and beaches in Europe. Besides, it has a vibrant boating culture and an ancient seafaring history. More than 20 marinas with 6,530 berths are located all around the coast. Sunreef has opened its sales office this month and has a focussed plan for the next 6 months in place. Besides hosting clients and press on its boats in the month of August and September during different events, one of them being the 21st Bosphorus Cup in Istanbul, Sunreef will participate at the Avrasya Boat Show in December. This underlines the strong ambition of Sunreef in Turkey. Having recently joined Sunreef Yachts’ Sales Team, Beril Sümen will be taking care of the shipyard’s new Istanbul office.

For any sales-related inquiries, feel free to reach out to Beril directly.

Sunseeker Ultimate Twenty-Two Vol.2 The Balerics

On Saturday 20th August 2022, Sunseeker invited over 260 VIP guests and yacht owners to Port Adriano, Mallorca, for a spectacular celebration in the heart of the Mediterranean. Adorning the trendy quayside was a glistening display of the world’s finest Sunseeker yachts. Recognised as a renowned yachting hotspot, Port Adriano was the perfect location to host one of the biggest parties of the pre-show season. Invited guests enjoyed live music from two bands, a captivating performance of acrobatics and dance, a gourmet menu curated by Coast by East chef, Gustavo Martin Moreno, and a party that carried on until sunrise. Positioned in the heart of the marina, an entire fleet of Sunseekers surrounded the event, including a 116 Yacht, 90 Ocean, Predator 74 and 65 Sport Yacht, all lit by a cleverly curated lightshow. Andrea Frabetti, Chief Executive Officer at Sunseeker International, commented: “We were honoured to welcome our guests, and celebrate the upcoming boat show calendar in true Sunseeker style. The return of the now legendary Sunseeker Ultimate party, located in the stunning Port Adriano, Mallorca, signifies our brand strength and passion to deliver world-class experiences to the Sunseeker family. Special thanks go to Sunseeker London Group and our event sponsors for helping deliver an unforgettable night of entertainment for our customers.” Chris Head, Sales Director at Sunseeker London Group, added: “After a challenging couple of years, being able to spend this time celebrating our collective passion for Sunseeker, reminiscing and sharing our dreams for the future, showcases everything that is so special about the Sunseeker family.”

Viking at Beach Haven White Marlin Invitational

Fifty-three sportfishing beasts battled it out at the Beach Haven White Marlin Invitational. And Mike Smith’s Viking 76 Code Blu took the win! With Captain Bobby Dunn at the helm, the team released three blue marlin to claim Most Billfish Points.  Second Place Billfish Points was awarded to the Viking 64 Big Oil with a pair of blue marlin releases. Big Oil’s Doug Allen weighed the Top Dolphin (16 pounds) and 2nd Place Dolphin while Lindsey Allen was the Top Lady Angler with a blue marlin release.  Top White Marlin Release Points went to the Viking 62 Lovin’ Life with a pair of releases. The boat also recorded the 3rd Place Dolphin.

Viking at Texas Legends Billfish Classic

Miss Catherine released three blue marlin for Top Blue Marlin Points at the Texas Legends Billfish Classic. Captain Reid Low and the team aboard the Viking 48 also took 3rd Place Overall Billfish Points.  The Viking 68 Mine Time (above) was the 2nd Place Overall Blue Marlin team with three blue marlin releases. Tom Wheeling’s Viking 70 Double E weighed the 2nd Place Yellowfin (55.5 pounds) and the Heaviest Dolphin of the tournament at 31.5 pounds. The Heaviest Wahoo was weighed by the Viking 45 True Story at 47.5 pounds and the 2nd Place Wahoo was 31.5 pounds – caught by the Viking 68 Suthern’s Pride.

Viking at 49 White Marlin Open

The 49th annual White Marlin Open (WMO) saw a slow week of fishing for the 408 battlewagons vying for a piece of the $8.6 million prize money. Tournament Director Andy Motsko said that 1,504 billfish were taken in 2019 compared to this year’s 59 blue marlin and 155 whites – which is 1,290 fewer fish! But the fifth and final day saw $6 million change hands. And Vikings rose to the occasion! Keeley Megarity, fishing on his Viking 66 C- Student, weighed one of only four white marlin brought to the scales - a 71.5-pound fish. The white was caught on Day 4, and by the end of the five-day event claimed 2nd Place White Marlin. Captain Ken Blackman was at the helm. Frank Sinito Jr. had a strong tournament while fishing on his Viking 62 Irene. Not only did Frank land the Top Dolphin (59.5 pounds) he also released three white marlin earning him 10th Place Angler, a stellar job considering the enormous field of anglers. Third Place Wahoo went to Patrick Brown with a 51.5-pound fish. Patrick fished on the Viking 55 Irish Twin. Over 1,000 pounds of fresh tuna, mahi and marlin were donated to the Maryland Foodbank. Not a fish was wasted! The Superbowl of Sportfishing always brings plenty of thrills to the dock. It also brings a heck of a lot of anglers! Given the 408 registered boats, we figure there were 2,448 anglers*. Normally we cover places 1st through 3rd but the top 20 finishes at the WMO are the upper echelon of sportfish – we’re talking the top 5%! So, let’s take a look at the crème de la crème of the WMO. Fifth Place Top Boat (top 1.22%) and Fifth Place Release Boat was Michael Jordan’s Viking 80 Catch 23. Patrick Field released a blue marlin, Jimmy David and Trey McMillan released a white marlin, Nick Ewald and Anibal Moya released a sailfish. Trey also boated a 76-pound tuna. Captain Stetson Turney was at the wheel. Sixth Place Angler (top 1.47%) was Chad Moss fishing on his family’s Viking 72 SandboB. Chad released a pair of blue marlin. Colton Richardson added a white release to boost SandboB to Ninth Place Top Boat and Ninth Place Release Boat. 11th Place Angler was George Robinson on the just-delivered Viking 64 Polarizer. A blue and a white marlin were released for the honors. Another white release was recorded by Greg Robinson clinching a 17th Place Release Boat finish and 18th Place Top Boat title. The boat was captained by Bill Davis. 12th Place Top Boat and 12th Place Release Boat was the Viking 80 Krazy Salt’s. David Anderson – 17th Place Angler - released a blue and white marlin for the boat while Dan Pettit and Jeff Theil each released a white. Krazy Salt’s had WMO veteran Keith Greenberg at the helm. 17th Place Top Boat was Thomas Healy’s Viking 58 Elizabeth Ann. Thomas and Ted Rubberti each released a blue marlin. Jimmy Bunting was the captain and Chip Graves mated. 19th Place Angler was Andrew Confotini with a blue marlin release on Chip Caruso’s Viking 70 Pipe Dreamer. Next year is the 50th edition of the White Marlin Open – and we can’t wait! Mark your calendar for August 7-11, 2023 for the world’s largest and richest billfish tournament.

Viking at Bermuda Triple Crown Championship

Auspicious, Joe Rahman’s Viking 80, claimed second Place in the Bermuda Triple Crown Billfish Championship. With captain Edward “Cookie” Murray at the helm and mate Carl Copeland in the ‘pit, the team logged a pair of blue and white marlin releases at the Bermuda Billfish Blast, the first event in the three-tournament championship. They added three blues and a white during the second leg, the Bermuda Big Game Classic. At the final tournament of the series, the Sea Horse Anglers Club Billfish Tournament, Joe added four blue marlin to the tally while Carl released a blue and two white marlin. Auspicious’ final count of 10 blue marlin and four whites secured their 2nd Place finish in the series. A total of 43 teams fished at least one leg of the 2022 Bermuda Triple Crown. 

Viking at Cap May Marlin Tournament

Tom Byrne and his team on the Viking 56 Insure captured the title of Most Points Overall in the 56th Annual Cape May Marlin Tournament. Dave Deweese and Jim McCausland each released a white marlin for the honors. Vikings swept the Tuna Category, with the Viking 72 Quick Time taking the two top spots with Wayne Boyd’s 71-pound fish and Neal Dixon’s 68-pounder. Tracy Thatcher weighed the 3rd Place Tuna at 65 pounds. Tracy fished on the Viking 64 Judge.

Wajer Brings Parcom as Partner

Wajer Yachts has found a partner in investment company Parcom to support further growth. The Wajer family will remain the majority shareholder of the company and Dries Wajer will stay on as Managing Director. The rest of the board and management team will also stay on. The collaboration enables further investments in sustainability, the construction of a maintenance shipyard in the South of France and the expansion towards the United States, where in Miami Wajer Bay Marina just opened.  Parcom is a Dutch investment company that helps entrepreneurs and management teams achieve their ambitions and supports them in phases of sustainable growth or transformation. Parcom's partner companies include Bouwgroep Dijkstra Draisma and superyacht builder Royal Huisman. The Dutch entrepreneurial spirit and energy make Parcom the ideal partner to help expand Wajer's potential worldwide.  Dries Wajer: “Our company has experienced substantial growth over the last few years and we have ambitious plans to expand Wajer and internationalize even further. With Parcom as our partner, we have the power and additional expertise to realize our dreams.” The transaction is subject to approval by The Dutch Competition Authority (Autoriteit Consument & Markt).

Wider Announces Partnership with MarineMax

Wider Yachts and MarineMax have recently cemented a partnership that will be highly beneficial for both brands. The American dealer will now be the exclusive North American distributor for Wider’s production line of catamarans.  Wider’s catamaran division already has five units of the new WiderCat92 underway, all primed to splash in 2023 and 2024 — two of them for the American market. All of the models will have the much-celebrated Wider Serial Hybrid Propulsion System, which makes them highly efficient and eco-friendly. Importantly, distribution of the catamaran division at Wider will be separate from the company’s superyacht division, which includes the recently unveiled full custom project Moonflower 72 as well as some exciting upcoming projects.  “We are thrilled to be working with MarineMax,” says Marcello Maggi, who heads up W-Fin Sarl, the holding Company that owns 100% of Wider equity. “Their vast network of dealerships and deep experience with yachting and yachtsmen is unsurpassed in the American market. We believe that MarineMax will be able to make Wider a household name among American boaters. Furthermore, we were very impressed by MarineMax’s service capabilities as well as their aftercare, including after-sales assistance and spare-part services. We are confident that MarineMax will keep our catamarans running smoothly, and our customers happy, for many years to come.”  MarineMax Chief Revenue Officer Chuck Cashman comments, “Wider's cutting-edge technologies and luxurious Italian design style strengthen our ability to provide the best customer experience to boat and yacht owners around the world. Their unique offering fits perfectly in our brand lineup, and I know our customers, and team members for that matter, will be excited to get some hands-on interactions with the new WiderCat 92.”  With over 100 locations, MarineMax is one of the largest boat dealerships in the world. It wields unrivaled heft in the realm of boat sales, and makes for an excellent match with Wider, which is an industry leader in building ultra-luxe, green-friendly yachts unlike any the world has ever seen before.