-potm- Azimut-Benetti Group Chairman Wins Entrepreneur of the Year
Azimut Winner at Boat Builder Awards 2024
Azimut has been awarded at the prestigious Boat Builder Awards 2024 in the “Collaborative Solution between a Builder and its Supply Chain Partner” category, together with Volvo Penta. The award, organized by IBI and METSTRADE, was presented to the winners on Wednesday, 20 November by the jury, which recognized the innovative nature of the technology developed by Volvo Penta and piloted for the first time in collaboration with the R&D Department of the Azimut|Benetti Group. Through this project, the two companies introduced the first hybrid-electric version of the Volvo Penta IPS Drive on the new Azimut Seadeck 7. The revolutionary hybrid-electric package, installed for the first time on board this yacht, allows her to moor and sail in fully electric mode at speeds of up to 11 knots, smoothly switching between electric and thermal motors without the need for an onboard generator. The Hybrid Boost enables more powerful acceleration, while the energy recovery system allows for regeneration while sailing, and the fast charging mode enables quick battery recharges through the use of thermal engines. During anchorage, the onboard batteries power all onboard services for up to 12 hours, offering an intimate and completely silent experience at sea. The system also facilitates access to zero-emission zones, fully respecting the environment. Thanks to this new hybrid-electric system and advanced naval architecture, Azimut's Seadeck 7 allows discerning owners to achieve a reduction in emissions of up to 40%, representing the pinnacle of solutions currently available to lower fuel consumption and CO2 emissions. “We are honoured to have been recognized with the Boat Builder Awards," said Marco Valle, CEO of Azimut|Benetti Group. "By incorporating the Volvo Penta hybrid-electric package on the Seadeck 7, we are pioneering hybridization in boats of this segment, while enhancing efficiency and ensuring seamless operation in yachting. This innovative solution not only reduces consumption and emissions, but also enhances the onboard experience for our customers. We are proud to be at the forefront of an evolution that will have a positive impact on both our waters and our owners”. “We are proud to have been recognized together with Azimut in our efforts to drive innovation forward on the path towards decarbonization within the marine industry,” said Johan Inden, President of the Marine Business at Volvo Penta. “Collaborating with like-mind pioneers is an essential aspect of shaping the future boating experience. In this pilot, we are demonstrating a winning combination of unique technology and cutting-edge yacht design – designed to drive efficiency, performance, and elevate the overall experience.”
Azimut-Benetti Group Chairman Wins Entrepreneur of the Year Award
Giovanna Vitelli, Chair of Azimut|Benetti Group, is the National Winner of the twenty-seventh edition of the EY Entrepreneur of the Year® Award. The independent jury, composed of representatives of institutions, economics and industry, awarded the prestigious recognition to Giovanna Vitelli for “not only directing the company towards growth in size and profitability, but also for inspiring technological advancements and projects focused on sustainability, employee well-being and corporate social responsibility.” A recipient for the award is selected each year by EY – global leader in professional services for auditing and accounting, tax and legal assistance, transactions, and consulting – among Italian entrepreneurs who have contributed to the economic, social and environmental growth of the country. The winners stand out for their capacity to transform, innovate and promote sustainability, demonstrated in the context of significant challenges and continuous change. After practicing corporate law, Giovanna Vitelli joined the Board of Directors of the family Group Azimut|Benetti in 2000, progressively took the lead in product development, and became Chair in 2023. The Group – the world’s leading manufacturer of mega yachts for twenty-four consecutive years – closed the latest financial year with 1.3 billion euros of revenue, representing a 55% growth over the last four years. In continuity with the mission and values of the Group founded by her father, Giovanna Vitelli identifies the constant investment in innovation as the determining factor in maintaining leadership and generating value for people and the local community. Thus, the product development strategy – consistent with the positioning of both the Azimut and Benetti brands – includes the creation of new trends and onboard lifestyles, as well as technological advancement, trailblazing the way to reducing environmental impact. Since the beginning of her entrepreneurial journey, Giovanna Vitelli has explored new frontiers of nautical design, encouraging technical offices and designers to rethink onboard spaces and offer today’s owners a more contemporary lifestyle, focused on conviviality, elegance, and proximity to the sea. Recent examples of this are Benetti’s Oasis Deck® and Azimut’s Seadeck Series, both of which are top sellers in the market. In this process of evolution, the Group has established itself as Design Hub with many international collaborations, introducing architects and creatives to the sector and thus enriching it with new and innovative influences and solutions. In the field of environmental sustainability, the Group’s strategy combines pragmatism with an ambitious vision offering the best results achieved today in emissions reduction through the development and integration of the most effective solutions available: weight reduction, high-efficiency hulls, hybrid propulsion systems, and onboard power management. At the same time, in collaboration with independent organizations and universities, it promotes the establishment of certification standards for consumption and emissions, in order to guide the industry towards an increasingly conscious and mature approach. In support of the strategy, Chair Giovanna Vitelli has launched a drive to strengthen the managerial culture and governance by also establishing the Azimut|Benetti Group Corporate Academy, aimed at the professional education and growth of the people, with the goal of transferring the expertise that embodies Italian excellence in technology, engineering, and manufacturing within the company, while also supporting young people entering the world of yachting. “I believe that this award represents recognition for the results obtained by the entire Group as we accompany our clients into a new era of yachting and a new way of experiencing the sea,” declared Giovanna Vitelli, Chair of the Azimut|Benetti Group, adding, “As a family company, we have the privilege of looking ahead and creating value over time. Today, this means committing to reducing emissions to make the nautical world more sustainable, which inspires other players in the sector to do the same. But above all, it means continuing to combine the greatest beauty with the most sophisticated technology. My thanks to the 2,250 people who work for Azimut|Benetti Group around the world and who, together with me, continue to chart the course.”
Bayliner Chastin with Chasten
A once-in-a-lifetime chance to fish with the best is here, as Bayliner organized its 2024 Castin’ with Chasten sweepstakes for a chance to win an entire day aboard its Trophy T22SC with Chasten Whitfield, an expert angler and host of Their Life, My Lens!
Bayliss at Los Cabos Billfish Tournament
Overtime (Bayliss 67') delivered a standout performance at the Los Cabos Billfish Tournament in October. Reeling in an impressive 28 billfish, the team secured 1st place with a final score of 1,775 points, bringing home a prize of $45,375. Leading the team to victory was Captain Brett Eller, whose skill and leadership earned him the honor of Top Captain. Congratulations to Captain Brett and the entire crew of Overtime for this outstanding achievement!
Fairline to Host 2025 Mallorca Showcase
British luxury motor yacht manufacturer Fairline has announced it is hosting a new winter showcase in Puerto Portals, Mallorca. Running from Saturday 18 January - Sunday 2 February 2025, Fairline will welcome visitors to see its exciting line-up at the marina, which lies just 30 minutes from Palma, on the sunny Balearic island. Visitors will have the opportunity to get on board six of Fairline’s favourites including the Phantom 65, Squadron 58, Targa 50, Targa 45, Targa 40 and the F//LINE 33. Fairline’s sales director, James Powell said: “We wanted to give dull January the boot with this brand-new winter showcase exclusive to Fairline, with a great display which includes the all-new Targa 40 and award-winning Squadron 58. The Fairline team from the Balearics will be available throughout the event, together with key personnel from Fairline’s factory to provide visitors with everything they need to know about Fairline and the yachts on display.” The Targa 40 brings the ‘wow’ factor to Fairline’s line-up, taking the popularity of the Targa 38 and elevating it for the 21st century with a landmark power-down beach club balcony to starboard. It embraces a bold exterior design direction delivering a sophisticated and modern, yet sporty style. Its open cockpit offers a hardtop and electric canvas sunroof, opening the whole main deck. Echoing the lines and extensive glazing seen across the Fairline range, the Targa 40 floods the interior with natural light and uninterrupted views of the water. In a British builder first for yachts under 80ft, the award-winning Squadron 58, boasts large hydraulically powered balconies to both sides, and an innovative bathing platform which doubles in size. Teamed with the already large cockpit, the Squadron 58 has an aft, outdoor entertaining space, of over 30 square metres. The yacht exemplifies the latest in Fairline’s cutting-edge design offering flexible modular seating in the cockpit complemented with a glass transom to enhance the connection to the water and ensures unhindered views of the seascape.
Ferretti Group Approves Third Quarter 2024 Financial Results
With a marginality of 16.0%, an adjusted EBITDA of €138.2 million and an Order intake that surpasses €1bn leading to all-time high Order backlog of €1.6bn as of today, Ferretti Group continues its growth path. Order intake reached €736.9 million in the First Nine Months of 2024 and as of today amounts to over €1 billion, thanks to a strong order intake achieved after the close of the quarter, also in light of positive response of latest Boat Shows attended. As of today, including the Order intake collected after the end of 3Q, Order backlog reaches an all-time high level of €1.6bn. Net revenue new yachts equal to €865.3 million, an increase of 3.8% when compared to the First Nine Months of 2023. Adjusted EBITDA of €138.2 million, representing an increase of 10.7% and with a margin of 16.0%, representing an increase of 100 bps when compared to the First Nine Months of 2023. Net profit equal to €62.2 million, in line with the €61.9 million of the First Nine Months of 2023. Net financial position of €149.6 million of net cash as of 30 September 2024. The mid-term guidance has been confirmed, and the 2024 guidance has been cautiously updated in part, pending pick up orders confirmation from American market after the elections for the composite segment.
Formula at 2024 Key West Poker Run
Recently, the Formula Poker Run Team attended the 2024 Key West Poker Run, and a great time was had by all! This 32nd Key West Poker Run was organized by the The Florida Powerboat Club and Stu Jones was held November five to eleven.
Formula New Gear and Accessories
Formula has all of your Holiday shopping needs this year, offering a fantastic new line of Gear clothing and several new accessories, including three new Formula Fishing Team Patch hats that will "hook" you in during the holiday season, an all-new Formula 20 oz. Navy Yeti Shaker and a 10 oz Lowball. And, for the Christmas season, a limited supply of your very own Formula Christmas tree ornaments to show off your favorite brand!
Frauscher Announces Turkish Partner
The Frauscher shipyard is proud to announce a new partnership with the renowned Asmira Marine. This collaboration represents an important milestone for both companies as they join forces to introduce the luxurious and prestigious boats to the Turkish market. With a solid foundation in maritime fuel supply and an excellent reputation in marina operation and yacht charters, Asmira Marine has become a reliable partner in the Turkish maritime industry. This new partnership with the Frauscher shipyard is perfectly aligned with Asmira Marine's vision to expand its offering and continue providing customers with unrivalled experiences. 'The partnership with Asmira Marine represents a significant step for the Frauscher shipyard in gaining a foothold in the dynamic Turkish market. Asmira Marine shares our passion for innovation and top quality, and with their extensive experience in the maritime industry, this collaboration is an ideal match. We are delighted to be bringing our boats to the shores of Türkiye and offering boating enthusiasts unforgettable experiences,’ said Stefan Frauscher, CEO of the Frauscher shipyard.
Grand Banks Expands in San Diego
Grand Banks Yachts and Palm Beach Motor Yachts, divisions of Grand Banks Yachts Ltd., are thrilled to announce the expansion of their sales and service operations to the West Coast of the United States. The new office is located within the world-renowned Kona Kai Marina in San Diego, California and will be managed by former Grand Banks sales representative, Michael Kusler, an experienced yacht sales specialist and avid boater. With more than two decades of experience in new and pre-owned luxury yacht sales, including a long history of representing Grand Banks Yachts, Michael is a natural fit for this key role. His boat building expertise, customer-first philosophy, and extensive knowledge of Grand Banks’ lineage, combined with his deep-rooted understanding of the Southern California boating landscape, make him an invaluable asset as Grand Banks and Palm Beach Motor Yachts strengthens its West Coast presence. “Michael’s comprehensive understanding of the Grand Banks brand, paired with his background in the yachting industry, makes him an ideal fit to represent our two amazing brands, Grand Banks Yachts and Palm Beach Motor Yachts, in Southern California and on the West Coast,” says Mark Richards, CEO of the GB Marine Group. “His longstanding commitment to customer service aligns perfectly with our values. We currently have 13 new models under construction across both brands, so the timing is ideal for Michael to join our team.” With a lifestyle that celebrates the boating lifestyle, and as a proud host city of previous America’s Cups, San Diego is an ideal location for Grand Banks and Palm Beach Motor Yachts’ line-up of long-distance cruising and performance motor yachts. “Today’s Grand Banks models are at another level and learning more about the brands’ vision for delivering best-in-class performance, long-range cruisers got me hooked from day one. I’m excited to introduce the extensive portfolio of premium custom-built Grand Banks and Palm Beach Motor Yachts models to both my current and future customers,” says Michael. The Palm Beach Motor Yachts’ factory direct model creates the ideal framework to fulfill demand through expansion into new markets, providing a premium standard of service and support to existing and new owners. As Grand Banks Yachts and Palm Beach Motor Yachts continue to grow, innovate, and introduce new models, this move reflects the brand’s commitment to new owners and bringing its world-class yachts to yachting enthusiasts across the globe.
Greenline Slashes Carbon
Greenline Yachts is taking another big step in the direction of responsible yachting by offering on the entire range alternative solutions to the old generator paradigm. The New Responsible Power Pack technology, a sound combination of bigger battery package and alternators, allows lower emissions without any compromise on the way the yachts are used. Among the other benefits al boats will now offer at least 48 hours of silent battery power at anchor or docks. Owners can run the entire house (including aircon full blast) and make the most of their home on the sea without the noise, vibration and smell of a generator. Not to mentions consumptions! Instead of a generator, Greenline will fit a high-powered alternator that can take power from the engine when it runs to recharge a large lithium battery bank. In this way, the yacht can arrive at its destination with full batteries, ready for days of silent operation at anchor. When energy is used efficiently, the autonomy of the yacht can be extended for days by using solar power to cover hotel loads such as induction cooking and lighting.
Kadey-Krogen Annual Open House
The coming January Kadey-Krogen will host its annual Open House, where you can explore our stunning yachts in a relaxed setting, away from the hustle and bustle of a crowded boat show. This is your chance to connect with Kadey-Krogen's dedicated management, sales, and service teams, and dive deep into the craftsmanship and innovation behind the Kadey-Krogen Group. Engage with the product experts, mingle with fellow yacht enthusiasts, exchange cruising tales, and gain insights. Plus, get an up-close look at Kadey-Krogen's latest models and their cutting-edge design specifications. This is a must-attend event for anyone the market for a cruising yacht! The annual open house will also debut Hull #001 of the Krogen 60 Open, as she makes her U.S. debut. We will also have a new Krogen 58 EB, a Summit 54, and various brokerage boats available for tours at the event.
Kadey Krogen Owners Photo Contest
Congratulations to Mike Lentine and Liz McDowell, owners of Krogen 55 Expedition, Olympia, for winning Kadey Krogen's November 2024 photo contest! Olympia had photo taken on the Mississippi River on October 25th, 2024. Mike and Liz are on their 47th day of the Great Loop with their teacup poodle Lily. Thank you for sharing, Mike!
Maritimo 100 Competes in Rolex Sydney to Hobart Race
The 30.40m Oyster superyacht ‘Maritimo 100’ is now in the final stages of preparation, following the delivery from Newport, Rhode Island. Combining the pedigrees of Oyster and Bill Barry-Cotter has created a truly graceful and competitive gentleman’s racing yacht, set to compete in this year’s Rolex Sydney to Hobart Yacht Race. Launched in 2012, this beautiful superyacht was the second Oyster 100 built by the prestigious Southampton based Oyster Yachts and was designed by the internationally recognised Ed Dubois of Dubois Naval Architects. Purchased in early 2024 from Rhode Island and now named ‘Maritimo 100’, this 114-tonne majestic sloop features a beam of 7.7 metres with a sleek aluminium hull and is powered by 493 square metres of sail area, sports rig, carbon spars and Spectra Carbon sails. Like all Oysters, efficiency of operation and optimum comfort are paramount. The palatial interior delivers a sense of enormous space with an abundance of light and fabulous views from the extensive panoramic glass areas. There are two salon areas on offer – the upper salon with comfortable lounge seating, and the formal dining area taking full advantage of the vista. Forward and below decks, a generous second salon offers additional areas for lounging and entertainment. Guest accommodation is below and rear of the salon, with three Staterooms featuring their own en suites. Oyster’s innovative floating interior design delivers not only a visual feast, but a practical solution too, minimising noise and vibration.
Omaya Yachts New UK Dealer
Luxury power catamaran brand Omaya Yachts has chosen Horizon Boat Sales to represent the brand in the UK, as the completion of its debut yacht, the OMAYA 50 nears. Horizon Boat Sales, founded by Alex Barton and based in Windermere in the Lake District, will be offering Omaya yachts through its dealership, where customer service and experience are the focus. With over 20 years of industry experience and a lifelong passion for boating, Alex has made the needs and aspirations of its customers a priority, even if they are new to boating. The business has carefully chosen each brand it works with to meet the diverse needs of boaters and to ensure each client's investment is with longevity in mind. “We are absolutely delighted to become an Omaya Yachts dealer. The synergy between our brands is exceptional, and we believe that our collaboration will be fantastic. Omaya’s yachts align perfectly with our commitment to quality and excellence at Horizon Boat Sales. With market trends increasingly leaning towards power catamarans, the team’s vision for developing a leading brand truly resonates with our clients, making this partnership even more exciting,” said Alex Barton, managing director of Horizon Boat Sales. Kaloyan Radulov, co-founder and CEO of Omaya Yachts, built in Bulgaria at the Elica Yard, situated on the banks of the Danube, said: “We’re really excited to have Alex and the Horizon Boat Sales team on board to represent Omaya in the UK market. We very much align with their approach of prioritising clients and their specific needs to ensure a long-lasting relationship and many years of enjoyment and memories made on the water.” Aiming to manufacture luxury power catamarans for the private and charter markets, the first of Omaya’s yachts, the OMAYA 50, is a 50ft luxury catamaran with a best-in-class beam of 8.4 metres, which provides unrivalled livable space exceeding 150 sq.m.within the lower and main decks, as well as its lavish flybridge. The bow area’s layout is focused on creating a comfortable social space which ensures lazy days soaking up the sun can be enjoyed. Boasting large sunbeds, ample comfortable seating areas and open deck space, the yacht is designed with socialising and entertaining in mind, with the potential of longer-term living on board, not just holidays. Available in two configurations for the lower deck, with the owner version providing a large master cabin covering the entire port side complete with a double bed, sofa, desk and vanity area, integrated wardrobe and large ensuite offering a toilet,
Omikron Win Streak Continues
Omikron Yachts has secured its third major accolade of 2024 with the OT-60 winning the prestigious Best of Boats Award in the ‘Big Boats’ category. Known for embracing a “gentle by design” approach, the OT-60 combines innovative design and eco-conscious engineering, executed with exceptional craftsmanship. This recognition reaffirms Omikron Yachts’ position as a rising star in the nautical industry.
Riva Boutique Debuts in Milan
Timelessly elegant design inspired by the world of Riva boats meets contemporary art in an exclusive new space: Riva announces the opening of the first Riva Boutique at Deodato Arte, the leading Italian gallery and an international benchmark in pop and street art, where famous international contemporary artists are exhibited including Banksy, Jeff Koons, Mr. Brainwash and David LaChapelle. The exclusive store will open at Via Nerino 2 in Milan, in the spaces managed by Deodato Arte. Enthusiasts will find the entire Riva Boutique collection and be able to see firsthand the quintessential quality and incomparable style that permeates the brand, from apparel and accessories to collectibles and home furnishings of rare beauty. The items showcased and for sale include products created in collaboration with top brands, such as the Riva by Frette collection of fabrics, the new models of the famous Riva Florida and Riva Junior powerboats from Kiade, the two fine-art books marking the 60th anniversary of the Aquarama published by Assouline, and the innovative speakers developed in partnership with Bang & Olufsen, designed to offer peerless acoustic quality even at sea. In addition to the Riva Boutique collection, guests will also have the opportunity to buy art works by Deodato Arte artists, making this combination of boat design and contemporary art even more unique. The Riva Boutique, open from November 5 to January 31, 2025, will also host a series of exclusive events, including the presentation of the scale models of Riva boats (November 21) and an evening dedicated to the books (December 5). All information will be available on the Riva Boutique website.
Riviera Wins International Award for Academy Excellence
Australia’s premium luxury motor yacht builder, Riviera, has won a prestigious international award for its innovative Academy of Excellence apprentice training program. Riviera was honoured to be presented with the “People and Skills Development” Award announced at the International Boat Builder Awards for Business Achievement during a spectacular ceremony in Amsterdam. Announcing the award, the judges said: “By any measure this is an impressive program and an exemplar for boat builders across the world.” The Boat Builder Awards for business achievement is jointly organised by international boating publication IBI and METSTRADE, the world's largest marine trade exhibition. The judges concluded: “Riviera’s dedication to training the next generation of boat builders is obvious. One-sixth of the company’s 900 workers are apprentices who are now supported by a first-class onsite Academy of Excellence teaching multiple trades and supporting personal development.” Ed Slack, IBI editor in chief and chair of the Boat Builder Awards judges, commented: “We launched this initiative with METSTRADE in 2015, sharing the belief that individuals and companies within the global yacht construction sector deserved greater recognition for their advances and achievements. “Over the last 10 years the awards have charted the industry’s increasing sophistication,” he said. “This year’s awards have shone a spotlight on how the industry is finding brilliantly innovative ways to improve sustainability, meet changing customer demographics and expand its talent pool.” Riviera’s state-of-the-art training centre, the Academy of Excellence, opened in January this year is today a vital part of Riviera’s 16.8-hectare Gold Coast facility. The Academy is responsible or training the 150 apprentices on site across 10 individual trades, including composite technology, marine craft construction, diesel fitting and cabinetmaking. This year 52 enthusiastic new apprentices were welcomed to the Academy for what is the biggest training intake in the company’s history. Reflecting the dynamic group of people who are drawn to a Riviera apprenticeship, 12 females are part of the Riviera class of 2024. In 2025, the Riviera Academy of Excellence will expand its curriculum to offer two new traineeships – Supply Chain Operations – Certificate III and Business Administration - Certificate III. Riviera’s Apprentice and Training Manager Keira Badke said: “Our holistic training program offers strong support for our apprentices where we teach their chosen trade skills alongside coaching life skills to help nurture world-class people who will help create our world-class motor yachts.” Rodney Longhurst, Riviera’s owner and a former carpenter and joinery apprentice himself, is extremely passionate about supporting the growth opportunities of his team. “I’m exceptionally proud that the Riviera team are transferring their knowledge and mentoring these talented new apprentices and giving them such a great opportunity,” he said. “It’s immensely rewarding for me, personally, to see our apprentices develop into such accomplished young adults and great Australians, all with world leading boat building skills. “Our significant investment in the Academy of Excellence reflects our investment in all our team.” Over the past 30 years Riviera has been responsible for training more than 400 tradespeople through its award-winning apprenticeship program which involves partnerships with 37 schools in southeast Queensland and northern New South Wales.
Sacs Tecnorib and Nuo Unite
SACS Tecnorib, a global leader in the Maxi-Rib sector and a key player in the Italian yachting industry, is pleased to announce a strategic partnership with NUO, an investment holding company supported by prominent international families. Formed in 2021 through the merger of SACS and Tecnorib, the Group reported a production value exceeding €70 million in the last financial year, with over 70% of its output destined for export markets. The company has achieved a compound annual growth rate (CAGR) of 25% over the past three years, driven by its expanding international footprint and diversification of its product range, which includes the Strider and Rebel ranges and the Pirelli Speedboats brand under license. This partnership, based on a shared vision and core values, aims to combine SACS Tecnorib’s expertise with NUO’s resources to solidify the Group’s leadership in the European market. It will further support the Group’s international strategy, particularly in the United States, and potentially enable growth through the acquisition of complementary brands. As part of the agreement, which involves the sale of a minority stake by the existing shareholders, Matteo Magni will retain majority control of the company. Governance will remain stable, with founding partners Matteo Magni and Giovanni De Bonis continuing in their leadership roles. Magni will assume the role of CEO alongside his current position as President. “We are thrilled to announce this partnership, which we believe will deliver significant value and elevate our competitiveness on a global scale,” said Matteo Magni, President and CEO of SACS Tecnorib. “This milestone reflects the passion and dedication we have poured into building a great company, as evidenced by our ability to attract prestigious investors like NUO to partner with us on our journey. Together, we will continue to embrace new opportunities and strengthen our ability to innovate while remaining committed to delivering excellence for our customers, driving significant growth, and leading the industry forward.” Tommaso Paoli, CEO of NUO, added: “We are honored to partner with Matteo and Giovanni in this ambitious venture to establish SACS Tecnorib as a global leader. This collaboration reflects our commitment to investing in companies with strong growth potential and visionary leadership. Matteo’s clarity of purpose, determination, and collaborative spirit impressed us deeply. NUO will leverage its expertise and network to support the company in its international expansion, governance, and M&A operations, enabling the team to realise their long-term aspirations.” The transaction was facilitated by Clearwater, acting as M&A advisor to SACS Tecnorib. Legal and contractual negotiations were supported by DLMS for SACS Tecnorib and by Chiomenti for NUO. Additional due diligence was provided by EY (financial) and Gitti and Partners (tax).
Sialia Yachts new Chief Commercial Officer
This strategic appointment marks a significant step forward in the brand's journey of growth and innovation as it aims to redefine the zero-emission yachting industry. Sialia Yachts, a leader in eco-luxury yachting, appointed Milvio Ricci as the new Chief Commercial Officer of Sialia Yachts and its parent company, Silent Straits, further advancing its growth journey. Milvio Ricci brings a strong academic background with a degree in Electronic Engineering and an MBA from the University of Birmingham and SDA Bocconi, where he served as President of the Bocconi Sailing Club. This role marked his entry into the yachting industry, leading him to join one of the world’s largest yachting groups as Business Development Manager. While holding this role, Ricci oversaw market expansion and led key acquisitions, including that of the American dealer Allied Marine Group. In 2009, he further strengthened his industry expertise by taking on roles as Brand Manager and Digital Communication Group Manager. He then broadened his skills as Country Manager/Sales Director at Trend Group and later, in 2012, joined Cerved Credit Management Group, where he established a department specializing in the recovery and sale of leasing assets. In recent years, Ricci has founded and managed several startups, primarily within luxury markets (yachting), services, and finance. With his extensive experience and strategic vision, Milvio Ricci will be responsible for organizing the group, managing the brand portfolio, and overseeing all processes, including sales, to strengthen Sialia Yachts' market position. This appointment confirms Sialia Yachts' commitment to establishing its role as an innovator in the world of eco-luxury yachting, fostering greater awareness of a green future. “I am very pleased to join such an innovative shipyard,” said Ricci. “Our goal is to redefine the world of emission-free yachting, as we have already demonstrated with the Sialia 57 Deep Silence, which recently achieved great success at its American debut at the Fort Lauderdale International Boat Show.”
Sunreef Biggest Single Shot Resin Infusion
Sunreef Yachts is proud to announce a significant milestone in the construction of the Sunreef 43M Eco, set to become the world’s largest eco electric catamaran. The shipyard in Gdańsk, Poland has successfully completed the composite hull infusion process, marking it as the biggest single-shot hull infusion project in the yachting industry. The Sunreef 43M Eco hull measures an impressive 43 meters in length and 15.4 meters in width, encompassing a total composite surface area of 1,700 m². This innovative design features a custom-engineered foam core that minimizes weight while maximizing performance. The unmolding of the hull is scheduled for completion by the end of this year. The hull will incorporate over 120 m² of integrated solar panels, contributing to a total of 250 m² across the entire yacht. This advanced solar technology, combined with electric propulsion, will redefine the superyacht experience, making it cleaner, more responsible, and energy-efficient. Sunreef achieved an important milestone on our journey to build a truly ground breaking yacht. The scale of the hull infusion project is unique in the industry and underscores our pioneering role in shaping the future of energy-efficient yachting.
Sunreef Launch Eco Club in Fazhou
The inauguration of the Sunreef Eco Club in Fuzhou marks a significant milestone for Sunreef Yachts, a leader in energy-efficient luxury yachts. The event took place at the Citychamp Dartong Yacht Club, where the Eco Club will serve as a showroom and promote clean boating locally. Director of Asia Pacifc Nina Lee Boudoul at Sunreef Yachts delivered an engaging presentation on the vision and mission of the Sunreef Eco Club, emphasizing its role in fostering sustainable yachting practices in the region. As an integral part of Sunreef Yachts’ global strategy, the selection of Citychamp Dartong Yacht Club in Fuzhou was not only due to its prime location but also its vision of sustainable development, supporting electric vessels. The event featured notable attendees, including the senior management of Citychamp Dartong Co., Ltd and Chairman of Citychamp Dartong Yachts Club, the President of the China Sports Chamber of Commerce and world champions Ting Qia (Women’s Volleyball) and Luomeng Ren (Women’s 800m Swimming). The successful launch of the Sunreef Eco Club not only reinforces Sunreef Yachts' dedication to sustainability but also enhances its presence in the Asia Pacific market.
Sunreef Wins BLT Design Award
Sunreef Yachts is excited to announce that the Ultima 55 has received the BLT Design Award 2024 in the category of Construction Product Design. Selected as the Jury's Top Pick, the Ultima 55 is a luxury yacht that minimizes energy consumption while delivering an unmatched blend of speed, stability, and luxury. The yacht’s standout features include a vast semi-open saloon and a spacious aft equipped with two fold-down bulwark platforms, providing ample space for relaxation and entertainment. Set to launch in 2025 from Sunreef's new shipyard in Ras Al Khaimah, the Ultima 55 promises an exhilarating experience on the water, combining cutting-edge technology with supreme comfort. For more information about the ULTIMA range, feel free to contact the team.
Sunseeker Wins at Boat Builder Awards
Sunseeker International, the iconic British luxury yacht builder, has won the esteemed "Breakthrough Launch of the Year" award at the 10th anniversary edition of the Boat Builder Awards. Held at Amsterdam’s renowned National Maritime Museum, the awards recognise excellence and innovation across the global yachting industry. Sunseeker was honoured for its latest model, the Ocean 156, which was praised for setting a new standard in yacht design with its expansive, customisable interiors and performance capabilities. The Boat Builder Awards, a landmark event co-organised by IBI and METSTRADE, is dedicated to recognising the outstanding contributions of boat builders, teams, and supply chain partners who advance the global yacht industry. This year, in celebration of a decade of excellence, the awards honoured achievements in 11 categories, including design, innovation, and environmental responsibility. Winning the ‘Breakthrough Launch of the Year’ award is a testament to Sunseeker’s commitment to pushing boundaries. The Ocean 156 is a masterpiece of engineering and luxury, featuring a fully enclosed upper deck, a spacious panoramic saloon with 360˚ views, and single-level flooring for ease of movement across its interior. With a focus on adaptability, the Ocean 156 offers owners a range of customisable layouts and design options, allowing them to tailor every space to their personal preferences. “We are incredibly honoured to be recognised by the Boat Builder Awards for the Ocean 156. This achievement is a testament to the hard work, creativity, and dedication of our entire team at Sunseeker International,” said Andrea Frabetti, CEO of Sunseeker International. “The Ocean 156 represents a milestone in yacht design, delivering both expansive space and unparalleled flexibility to our clients. It was created with the vision of redefining luxury and performance in yachting, and this award affirms the collective efforts and passion that drive our commitment to innovation and craftsmanship.”
Viking at Sailfish Sweethearts
Jim and Dusty Adinolfe’s Viking 80 Surfbum was the Top Overall Release Points at the Sailfish Sweethearts Ladies Tournament. Alexis Mueller released seven of the team’s 13 sails to claim Top Angler. Brooke Russell weighed the Heaviest Cobia at 24 pounds. Captain Alex Hausman led our Valhalla Boatworks V-55 Demo to 3rd Place in the Overall Release Points with a dozen sailfish. Morgan Smith weighed the 3rd Heaviest Mahi. Allison Reis, fishing on the V-33 Princess Lily, caught the 2nd Heaviest Mahi at 13.4 pounds while teammate Allison Wigley hooked the 3rd Place Kingfish.
Viking 2025 Duc Cup at the Viking Yacht Service
Ready for the Buc Cup? If you haven’t already, the East Coast’s premier sailfish tournament. The Captains’ Meeting kicks off the event on Tuesday, January 21, at the Viking Yacht Service Center. Teams then fish two of the three eligible days with awards presented on Saturday, January 25. This event is always a wild ride and a great way to kick off 2025. Last year the Viking 50 Two Daze claimed 2nd Place Overall Release Boat while the Valhalla 55 took 3rd Place Overall Release Boat.
Viking Pro Shop
The Viking Pro Shop is the ultimate destination for Viking Yachts and Valhalla Boatworks gear, making it the perfect place to shop for Christmas gifts. Treat the Viking or Valhalla enthusiast in your life to something special with this new online store. Shop a premium selection of jackets, vests, sweatshirts, t-shirts, hats, buckets and exclusive YETI products—everything a Viking Yacht lover will love.
Wajer CEO in Miami
Wajer are excited to announce that CEO Dries and his family will be in Miami until the end of March, representing Wajer as it expands its presence in this dynamic city and the whole of the US. While Dries often spends his summers in the Med, he’ll now be bringing that same energy to Miami this winter, working closely with the team.
Wally Unearths the Innovators of Tomorrow
Wally is reaching out to the next generation of innovators as part of the celebrations to mark its 30th anniversary. The famous Monegasque yachting brand has been offering students the chance to pitch their own ideas as part of an initiative called wallybeacon. Three winning projects have received a cash prize. The wallybeacon event reached its climax on 18-19 November, when the winners were chosen at an event held on H-FARM Campus. But the process began earlier in the autumn with a call for proposals which attracted over 80 students grouped into 20+ teams from international universities: ARSUTORIA SCHOOL, Università Bocconi, H-FARM College, Istituto Europeo di Design, International University of Monaco and POLI.design. The challenge set by Wally was to develop an idea that delivered in one of three broad domains: personal goods, innovative living or smart services and experiences. In order to focus students’ thinking, the first category was focused on to footwear, bags and luggage; the second to multifunctional furniture and functional design objects; and the third to digital products, services and “phygital” experiences (the blending of digital and physical). Once they had formed a team and picked a topic, participants had to come up with their idea, which they submitted to an initial selection process. The 16 teams that were successful at this stage then received support and mentoring from Wally and MAIZE — Designing Futurabilities, a company specialized in strategic design, part of Jakala Group. Each team had two business training sessions to develop their commercial understanding, four mentoring sessions to support the product/service itself and a final session aimed at refining the pitch deck. Winning required not just a great product but a fantastic presentation in front of a panel of experts. To that end, teams were urged to think hard about who they were targeting and how. As well as conducting a market survey to validate the idea, they were asked to draw up a business model and a start-up roadmap, all taking sustainability into account. Teams were also expected to produce a prototype or a design concept. Wallybeacon is a project designed to identify the next generation of innovators and teach them how to develop and present an idea professionally. Wally, long recognized as a symbol of innovation and revolution in the yachting market, sees value in passing on the principles that have led to its success and acclaim. At the same time, Wally benefits by building connections with the leaders of tomorrow.
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