Showing posts with label NEWS. Show all posts
Showing posts with label NEWS. Show all posts

December 31, 2024

Monthly News - December 2024

-pic of the month- Silents Yacht Nuvolari Lenard Collaboration

Aquila Strengthens Global Presence 

Aquila Power Catamarans continues its ambitious global expansion with the announcement of two new international dealers, strengthening its presence across Europe and Asia. This strategic growth follows recent dealer partnerships in the Caribbean and Pacific regions.  Aquila expands its global presence with the appointment of Selestiboat as its dealer in France. In Thailand, the company welcomes Primus Marine, which will operate from locations in Phuket and Bangkok, strengthening Aquila's position in Southeast Asia's expanding marine sector. "These new partnerships are part of our ongoing global growth strategy," says Nick Harvey, Chief Revenue Officer for Aquila. "Each dealer brings deep regional expertise and an intimate understanding of their local markets, ensuring a more personalized experience for boaters worldwide.  Dominique Lecler, of Selestiboat in France, expressed enthusiasm about joining the Aquila dealer network: "Selestiboat is extremely excited to partner with Aquila Power Catamarans as the exclusive distributor for their brand in France. This is a significant step forward in our mission to bring innovative, high-quality products to the French market. With a shared commitment to excellence, we are confident that this partnership will not only strengthen our presence in the region but also create new opportunities for growth and success. Together, we aim to deliver an outstanding experience to French consumers and build a lasting, impactful brand legacy.”  Nick adds, " with the French dealer network completed, Aquila now has a full-service network around the Mediterranean covering Spain, Portugal, Italy, France, Greece, Croatia, Montenegro, Albania and Turkey. Aquila owners will be able to reply on this network of professionally trained Aquila representatives for worry free cruising around the Mediterranean.”  "It is tremendously exciting to be partnering with Aquila for sales and aftersales across Thailand," says Howard Prime, CEO and Co-Founder of Primus Marine. With over two decades of maritime experience, including an MCA Master 200GT certification and extensive racing credentials, Prime brings deep industry expertise to the role. "Having been a resident in Thailand for over five years, whilst working in the marine industry, I have already personally delivered many new Aquila boats to their owners from an Aquila 32 right up to the Aquila 54. Thailand is a top global location for the Aquila brand to continue to flourish with some of the best cruising grounds in the world."

Aquila Expands in Puerto Rico

Aquila Power Catamarans is pleased to announce CFR Yacht Sales, in partnership with boating veteran Mario Garcia Muxo, as its newest official dealer in Puerto Rico. By appointing CFR, MarineMax expands its distribution of Aquila in the Americas.  Founded in 1973 by Carlos F. Rodriguez (Carli), CFR Yacht Sales is a family-owned business renowned for its exceptional service and commitment to customer satisfaction. With a history of representing prestigious brands such as Viking, Princess Yachts, and Valhalla Boatworks, CFR has earned a stellar reputation in Puerto Rico's boating community. The company's foundation of a friendly, personalized approach to customer relations, established by Carli, remains central to CFR's identity under the leadership of his son, Carlos Luis Rodriguez, and the support of Ivette Rodriguez and Ceciliana Rodriguez.  “CFR clients have built relationships based on trust," says Carlos Luis Rodriguez. "Our customers expect not only the most exclusive brands but also the kind of personal care that makes them feel like friends and family. We are excited to offer Aquila Power Catamarans to our clients, knowing that they value both luxury and dependability in their boating experiences.”  Mario Garcia Muxo, who brings decades of experience to the partnership, shared his enthusiasm about representing Aquila in Puerto Rico, "We are thrilled and extremely proud to represent Aquila Power Catamarans in Puerto Rico. No other Power Catamaran in the world offers more features, reliability, durability, and value than the world class lineup of Aquila. The reliable construction methods of Aquila are fundamental to match our client expectations, particularly in our Caribbean waters, where we face heavy seas throughout the entire year”  This new partnership marks an exciting chapter for both CFR Yacht Sales and Aquila Power Catamarans, expanding their presence in Puerto Rico's vibrant boating community. With their shared commitment to quality, service, and customer satisfaction, the partnership will offer clients an unparalleled selection of luxury boating options. Together, Aquila and CFR look forward to bringing innovative and exceptional boating experiences to enthusiasts throughout the region.


American Tug 22,000 Miles Grand Finale Adventure

Steve Olsson rediscovers the magic of cruising, friends, and family during an unforgettable 22,000 mile adventure on his American Tug 41.  "Liveaboard Steve Olsson doesn’t skip a beat when pinpointing what drove him to cruise more than 22,000 nautical miles over the last few years — roughly the circumference of Earth, he mentions — aboard Coda, his 2008 American Tug 41."


Azimut-Benetti Group Leads Nautical World For Quarter Century

Azimut|Benetti Group is number one in the production of mega yachts over 24 meters, leading the industry in the Global Order Book 2025, the annual ranking by the reference publication Boat International based on data from 185 shipyards on 5 continents.  «Twenty-five years at the top of the sector represent a true ‘record within a record’, a testament to our unwavering entrepreneurial vision which is based on an organic, resilient and sustainable growth strategy aimed at creating durable value that lasts over time. This is the privilege and the responsibility of a private family company," comments Giovanna Vitelli, Chair of Azimut|Benetti Group.  The Group tops all categories with 164 units under construction for a total of 5,905 meters, corresponding to 20% of the global market under examination by the Global Order Book. These data reflect the record results of the last financial year, which ended on August 31st, 2024 with revenues of 1.3 billion euros and an order portfolio that extends to 2029.  Charting the course, the strategic guidelines that have driven 25 years of leadership: product leadership, quality at the heart of the production strategy, widespread presence in global markets, the best people and skills.   The Azimut|Benetti Group boasts the world’s widest range of yachts, with Azimut standing out in the 12 to 44-meter segment and Benetti offering mega and giga yachts from 34 to over 100, including full-custom projects.  Over the past 25 years, the Group has created innovative concepts thanks to a profound reinterpretation of onboard spaces: the Azimut Seadeck Series, the Benetti Oasis and Veranda Deck® embody the latest expressions of a contemporary lifestyle, representing true revolutions in the industry.
In terms of innovation, which today focuses on emission reduction, the Group’s strategy is based on the implementation of the best available technologies to achieve significant results in the short term. Today the Group stands out for its approach based on the integration of advanced naval architecture, hybrid technologies and HVO biofuel. Azimut is the only brand in the industry with a fleet where over half consists of Low Emission Yachts and that offers 4 levels of electrification (from Mild to Full Hybrid), and Benetti offers hybrid versions of almost its entire range. Currently, a total of 10 hybrid mega yachts are under construction at the Benetti shipyard. In the B.Yond line, among the 13 units sold, 7 are hybrids.  Both brands have created a range devoted to maximum reduction of CO2 emissions: the Seadeck Series by Azimut, which achieves -40% CO2 emissions over an average year of use, and B.Yond by Benetti, which achieves -24% CO2 emissions and -80% NOX.  The production philosophy of the Azimut|Benetti Group is based on two pillars: the internalization of crucial activities to guarantee the highest quality and the selection of the best supply chain partners.  To ensure oversight of steel processing for boats under 45 meters, the Group has established the Light Steel Hub in Tuscany. In 2025, this will be complemented by the Composite Hub, dedicated to fiberglass and carbon fiber, materials in which the Avigliana site has excelled in processing for decades. The production capacity of the Lusben division, dedicated to refit services also for large sailing ships, is also scheduled for expansion.  The Group's market strategy has always stood out for its balanced distribution of business between the main markets: Europe, the United States and MEA-APAC. This approach allows for strategic management of the offering, while helping to mitigate local risk and reduce exposure to destabilizing factors.  For the best management of its clients, Azimut entrusts its presence in each territory and its relationships with owners to the most structured and widespread network of exclusive dealers in the nautical industry, with the sole exception of the direct boutiques in the most renowned world yachting locations. Benetti collaborates with the most prestigious broker houses, through its area managers worldwide.  The Group boasts a strong sense of belonging among its people, who have the highest skills in the industry. The growth in size has encouraged the entry of new talents, with an increase of 18% in the last 6 years. In this phase of dimensional expansion, the company is committed to passing on its culture, values ​​and distinctive skills. To facilitate this, it has launched, among other initiatives, a Corporate Academy which favors the transmission of know-how to protect the wealth of knowledge and the bond between mentors and new generations, while the ‘Nauticità’ project (Seaworthiness project) invites employees to spend one or more days aboard a Group yacht to experience what inspires us every day: the passion for the sea.  

Azimut-Benetti Group and Ogyre

Azimut|Benetti Group, the world's largest motor yacht manufacturer, has signed an agreement with Ogyre, the platform for the recovery of plastic waste from the sea. The partnership includes the collection of 18,000 pounds of plastic from the seas in 2025 through the work of local fishing communities; at the same time, the two partners will jointly launch a feasibility study for the opening of a new hub in Tuscany where Ogyre will be able to operate in the collection of marine waste, involving institutions and the community and thus spreading a greater culture of respect for the environment.  Azimut|Benetti Group is the first player in the nautical sector to support Ogyre's campaigns, staying true its commitment to sustainability. For over twenty years, the Group has led yachting in the development and implementation of solutions to reduce the CO2 emissions of yachts, achieving the best results in the industry. Now, a growing awareness of plastic waste in the seas has pushed the company to sign this partnership to contribute in a concrete way to the cleaning and protection of ocean ecosystems.  Born in Italy, this project aims to protect the oceans on a global level. The waste collection will be concentrated in three countries: Italy, Brazil and Indonesia, symbols of the profound relationship between man and the natural ecosystem and which, for various reasons, are seriously impacted by pollution. In particular, Italy overlooks the Mediterranean, a semi-closed sea that is thus more vulnerable to plastic accumulation. Brazil and Indonesia, on the other hand, face a critical situation linked to the presence of highly contaminated rivers, which transport large quantities of waste to the sea, seriously compromising the ecosystem.  Through its business, Ogyre collaborates with local fishing communities, providing them with equipment, logistical support, training and financial compensation to carry out the Fishing for Litter activity. This operating model not only promotes the protection of the oceans, but also places fishermen at the center of positive change. Involving them also means generating concrete social benefits and new income opportunities, strengthening the resilience of coastal communities, which are often exposed to economic and environmental challenges.  Direct collaboration with fishermen and Ogyre's blockchain-based platform ensure complete traceability of the waste collected, which is then sent to be recycled, helping to create a circular and sustainable system.  In this way, Ogyre's activity promotes sustainable growth beyond protecting the sea, also offering support to those who live and work in close contact with it, demonstrating how the environment and local communities can thrive together.  In conjunction with the Fishing for Litter activity, the collaboration between the Azimut|Benetti Group and Ogyre includes the launch of a feasibility study for the opening of a new marine waste collection hub in Tuscany - an important region for the Group and home to two of its Italian production sites. The hub, located between Livorno and Viareggio, will actively involve local fishermen, creating sustainable economic opportunities and strengthening the company's bond with the territory. At the same time, it will be committed to the conservation of a sea that presents alarming data: the Mediterranean.  According to the WWF report “Out of the Plastic Trap: Saving the Mediterranean from Plastic Pollution” (2018), with 1.25 million microplastics per square kilometer, the Mediterranean hosts a density of microplastics four times higher than that of the famous Pacific plastic island. Furthermore, plastic makes up 95% of the waste present in the Mediterranean, both in the open sea and along the coasts. In particular, the stretch of sea by Tuscany is a sensitive area, where sea currents gather plastic waste, fed by the mouths of the Arno, Tiber and Sarno rivers.  The initiative thus contributes to the achievement of several United Nations Sustainable Development Goals, including: SDG 6: Improve water quality and sustainable management of water resources, SDG 12: Promote sustainable waste management and pollution reduction, SDG 13: Reduce the effects of climate change through concrete actions, SDG 14: Protect marine biodiversity and ocean ecosystems, SDG 8: Support local fishermen by creating sustainable economic opportunities, SDG 17: Demonstrate the potential of public-private partnerships for positive global impact.  Giovanna Vitelli, Chair of Azimut|Benetti Group, explains, «For over twenty years, the Group's commitment to greater environmental sustainability has been concrete, measurable and driven by the desire to adopt innovative solutions to make a difference "here and now". Ogyre has chosen the same approach. Through this partnership, we can expand our contribution, extending it from the construction of low-emission yachts to the removal of plastic waste from the seas».  «Ogyre was born with the mission of reducing marine pollution in collaboration with those who live at sea every day. The partnership with Azimut|Benetti Group allows us to expand our impact and demonstrate how the dialogue between technology, local communities and companies can really make a difference», comments Antonio Augeri, Co-Founder and CEO of Ogyre.

Azimut Celebrates Acclaims and Awards in China

Azimut reports an exceptional achievement, earning three prestigious awards in China that celebrate the brand’s unwavering commitment to innovation, design, and luxury. The accolades include the Best of the Best Award 2024 by Robb Report China for the Seadeck 6 and two honors from the China Yacht Awards 2024 organized by the esteemed Chinese magazine Oceanway. These awards underscore Azimut’s leadership in sustainable innovation and luxury yacht design recognized across all key markets.  The Seadeck 6 has been recognized as a benchmark in sustainable innovation and design research, with Robb Report China awarding her the Best of the Best Award 2024.  As in the Editor’s words, she is “a testament to Azimut’s strong commitment to sustainable yachting, achieving significant reductions in energy consumption and carbon footprint through her lightweight carbon fiber structure and streamlined hull design. Its ground breaking "Fun Island" aft deck seamlessly merges indoor and outdoor spaces, allowing guests to connect closely with the sea. The use of sustainable materials in the interior, such as cork, highlights a deep consideration for environmental preservation. With its mild hybrid system, the yacht minimizes emissions both at anchor and during navigation, marking a new milestone in the green revolution of yachting. The Seadeck 6 is not merely a yacht; she is Azimut’s vision for the future of ocean living and a profound expression of the philosophy of harmonious coexistence”.  The jury of the China Yacht Awards 2024 recognized the Azimut Grande Trideck as Superyacht of the Year in the 30M to 40M category, highlighting her innovative design and reimagined relationship with the sea. The Grande Trideck features three decks +one, introducing a unique Sea View Terrace at the stern as an additional deck. Enhancing the connection with the sea, this revolutionary space is complemented by a sunbathing area on the Sun Deck, a spacious outdoor dining area on the Upper Deck, and the expansive Beach Area.   The Azimut Grande 26M was named Best Interior Design Superyacht in the 24M to 30M category by Oceanway magazine. The jury awarded the yacht for her interior design which reflects a profound understanding of luxurious living. The spacious and functional layout ensures extraordinary comfort, highlighted by a master cabin on the Main Deck with full-height windows that flood the space with natural light. Attention to detail and superior craftsmanship are evident throughout the yacht, with each element meticulously designed to create an atmosphere of refinement and tranquillity. The Grande 26M stands as a testament to Azimut’s dedication to offering unparalleled luxury and innovation.  “We are deeply honored to receive these three prestigious accolades from leading Chinese magazines, recognizing our commitment in the pursuit of innovation in both technology and design. The Seadeck 6, a newcomer to the market, has already garnered significant acclaim, while the Grande Series continues to set the benchmark for excellence, showcasing the meticulous attention to detail and superior craftsmanship that define every Azimut yacht”, commented Enrico Chiaussa, Azimut Chief Commercial Officer EMEA-APAC.

Azimut Announces New Partnership in Greece

Azimut, world leader in the production of yachts from 13 to 44 meters, announces its partnership with AZ Yachting Hellas SA, a new company created to consolidate and strengthen the brand's presence in the Greek market as Azimut Yachts Greece. The company, born from a collaboration between high-profile experts with extensive experience in the sector, represents another step in Azimut's strategy, which aims to offer shipowners a complete, reliable and cutting-edge service.  AZ Yachting Hellas SA, based in Posidonos Street in Athens, was founded to combine decades of expertise and experience to meet the needs of a select and increasingly demanding clientele. The company's founding members include Marios lordanou, Azimut Dealer for Cyprus and Lebanon for over 15 years, and Christos Ramnialis, a leading figure in the nautical world, who has held positions of great responsibility at Benetti - another brand of the Azimut|Benetti Group - and companies such as mtu. The new team, leveraging the skills of the various professionals, can accommodate the desires of new-generation owners and offer high-level services, ranging from sales to management and after-sales assistance.  «Greece is one of the main markets for yachting in the Mediterranean, a preferred destination for yacht owners from all over the world, especially during the summer season. Through our collaboration with AZ Yachting Hellas, we aim to continue the path taken with First Quality Yachts, to whom we extend our gratitude, and further strengthen our presence in the area, increasing our penetration among Greek yacht owners thanks to Iordanou's solid experience in client management and Ramnialis' in-depth knowledge of the Greek and international markets», explains Enrico Chiaussa, Chief Commercial Officer EMEA APAC of Azimut.  The new company is at the service of the modern owner with constantly evolving needs, who looks for exclusive yachts and customized solutions to satisfy the desire to experience the sea in style and safety. This partnership confirms Azimut's determination to position itself as a leader not only in production, but also in the quality of the service offered to each individual owner, promoting its presence in a market with promising prospects, capable of attracting new potential customers every year.


Bilgin Finalist at Boat Design and Innovation Awards 2025

Bilgin is delighted to share that Eternal Spark, it’s latest 50-meter masterpiece, has been named a finalist in three prestigious categories at the Boat Design and Innovation Awards 2025: Outstanding Exterior Design - Motor Yachts 42m to 51.9m and Best Naval Architecture-Displacement Motor Yachts. Adding to our pride, the Bilgin 163 series, to which Eternal Spark belongs, has been recognized as a finalist in the Best New Series category.


Feadship Anthology

The Feadship Anthology is a unique, limited-edition publication that celebrates every yacht in the Feadship fleet built between 1949 and 2024. We explored the Feadship archive to uncover fresh images and insights, crafting a comprehensive history of our yachts in an easy-to-read, travel-friendly format.

Feadship 75th Anniversary Pilot Issue

In the special 75th anniversary issue, we reflect on Feadship’s remarkable history while looking ahead to the future of innovation. Discover Project 821, dive into the nature-inspired C concept design, consider the nuclear option, learn about the art of stripping down and building up and much more.

Feadship 2024 Year of Iconic Deliveries

In 2024, Feadship proudly delivered a series of exceptional yachts, including Ulysses, Promise.D, Drizzle, LAUNCHPAD, B and Alvia. Each of these remarkable vessels highlights Feadship’s continued commitment to excellence and innovation in yacht building.


Ferretti Group Signs Supplementary Contract 2025-2027

Ferretti Group has sealed an important agreement with trade union representatives over the renewal of their second level supplementary contract, a result that highlights the Group’s ongoing commitment and its understanding of the indispensable value of its workforce.  In a context where the need to reconcile private life and work is increasingly vital, Ferretti Group has introduced measures to support its employees’ wellbeing.  One of them offers the possibility of part-time work for people who have to assist their children up to 12 years old or family members with serious health problems, while another introduces smart working to enable employees to work remotely for four days in a month. The agreement also provides for greater flexibility in the family leave offered to mothers and fathers, which will also be accessible on an hourly basis and with up to 60% extra INPS social security indemnity for a maximum of six months.  On the health front, the 10 hours a year leave for healthcare needs has been retained, whereas in economic terms the agreement provides for an increase in food vouchers and also in professional indemnity amounts. Further, the Company has decided to increase its contribution to the supplementary social security fund for the relevant category from 2.3% to 2.5%. There will also be incentives for employees to allocate part of their performance-related pay to the supplementary social security fund to ensure a more robust pension.  Lastly, there will be significant increases in gratuities for employees, starting with their holiday bonus, which rises to €2,000 from 2025 in recognition of their efforts over the year. The loyalty bonus will also be upgraded by extending it to employees with 26 to 36 years seniority in the company, as a mark of gratitude for their long-term contribution. Further, in the 3-year period 2025-2027, the base value for performance-related pay will rise to €4,000 on achieving productivity targets, which will entail an average increase of over 10%.


Horizon Wins Taiwan Excellence Silver Award

For the 15th consecutive year, Horizon Yachts has received a prestigious Taiwan Excellence Award. The V77 CMY yacht was recognized with the Taiwan Excellence Silver Award this year. The award was presented during an annual ceremony on November 27, 2024. Horizon is the only yacht builder to receive a Taiwan Excellence Award this year, which further underscores the continuous innovation displayed by the Kaohsiung-based shipyard. Established by Taiwan’s Ministry of Economic Affairs in 1993, the Taiwan Excellence Awards recognize innovation and excellence across a variety of industries. Held annually, the awards are presented to nominees who surpass a rigorous selection process that analyses four major areas including R&D, Design, Quality and Marketing. Recognized for its quality, optimized functionality, and world-renowned Jonathan Quinn Barnett (JQB) design, the V-series now offers a whole new level of versatility with a dedicated cockpit. The Horizon V77 Cockpit Motor Yacht embodies the best of both worlds: unparalleled comfort and an owner-operator’s desire for maximized outdoor living.


Kadey-Krogen January Open House

This January Kadey-Krogen will have its exclusive Open House, where you can explore its 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 its 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!  Be among the first to get on board Hull #001 of the Krogen 60 Open, as she makes her U.S. debut at this event.  Kadey-Krogen will also have a new Krogen 58 EB, a Summit 54 and various brokerage boats available for tours.

Kadey-Krogen Photo Contest

Congratulations to Fritz Spang and Rachel Dubin, owners of Krogen 52, Luna, for winning December's Kadey-Krogen photos! The photo was taken on the Pungo River, North Carolina, November 2024. Thank you for sharing, Fritz and Rachel! 


Maritimo Migration at Key West Florida

Key West, Florida is a stunning location, known for its crystal-clear waters, amazing coral reefs, beautiful ivory beaches, endless sunshine, and memorable sunsets. It also boasts a fascinating history, quirky landmarks, with a colourful nightlife and bar scene. It’s no wonder that it is on the wish list for many.  The island of Key West is fairly small, as it is about four miles long and one mile wide (six by two kilometres), for a total area of roughly 4.2 square miles. It is the southernmost point of continental U.S.A., and forms part of the Florida Keys archipelago. Key West is 165nm from Miami, 90nm North of Cuba, and between 55 and 246nm from the Bahamas, depending on what area you are going to.  This popular destination was the location for the 2024 Maritimo Migration. Guests stayed at the award winning, boutique Perry Hotel and Marina. This location is the largest deep-water marina in the Florida Keys, and with 288 slips it had plenty of accommodation available for the Maritimo guests and their vessels.  The hotel is just five miles from downtown Key West. It offers a wide range of world-class amenities to enjoy, which include two waterfront pools, three dockside restaurants/bars, and a shuttle bus to Old Town Key West.  The Maritimo Migration started with guests arriving dockside at the Bad Boy Taqueria and Tequila Restaurant. They enjoyed the night with signature margaritas and authentic Mexican food, whilst listening to the live music.  The following morning owners and guests gathered to celebrate and hear all things Maritimo. Captain Tom and Mitch from Maritimo Head Office shared their insights and answered questions on a range of subjects, including tips and techniques for maintenance and handling of your Maritimo.  One guest commented, “As a new Maritimo owner, this was the perfect way to dive into the Maritimo family. The conference sessions were so informative, especially the tips on boat maintenance from Tom and Mitch.”  The opportunity to ask more questions and learn from Maritimo’s experts continued into the afternoon. For those guests who wanted to explore Key West a little more there was a Trolley Tour organised through the historical town of Key West. The city is known for its 19th Century architecture featuring the towns particular form of wooden homes, and as a haven for artists and writers, which include Tennessee Williams, Ernest Hemingway, Shel Silverstein, Truman Capote, and Jimmy Buffett.  The day finished with a private tour of Harry Truman’s Little White House, Florida’s only Presidential Museum. Built in 1890 it was the winter White House for 175 days between 1946 and 1952.  Key West is often considered the United States’ Caribbean, so, of course, Thursday’s themed costume party had to be all about pirates. Central to the theme was the Pirate Cocktail contest, judged by a ‘salty crew’ of Maritimo Pirates for the most creative drink recipe.  A VIP guest commented, “This was the highlight for me. What a fun way to kick off the weekend! Key West, cocktails, and pirates. What’s not to love? I can’t wait to join again next year!”  ‘A Day at the Races’ was on the program for Friday. Maritimo guests had front row seats on board ‘Teralani’, a sailing catamaran to watch the World Offshore Championships. A participant said, “What an incredible experience to be in the front row while hearing the race commentary by our own World Champion Rossco.  Another guest said, “The racing was an adrenaline rush. I can’t thank the team enough for this one-of-a-kind experience!”  Following breakfast on the Saturday, Maritimo M60 owners Rob and Joni Buckland gave a very informative session on cruising the Bahamas. Topics covered included entry, trip planning, and must-see places in this amazing location. One owner commented, “The behind-the-scenes insight into cruising the Bahamas was invaluable.”  Then it was time for a cooking lesson with Adrienne Gang, who was in the first season of Below Deck. She shared some of her favourite on board recipes and ideas with guests to enjoy on their Maritimo. One of the participants said, “The cooking session was great learning. Adrienne’s tips for on board meals were so useful, and the tasting was absolutely delicious. This event has definitely raised the bar for what a luxury boating event should be!”  The farewell dinner was held at the award-winning Milagro Restaurant, owned and run by chef Kevin Montoya and his wife Maggie. Guests had a wonderful night, where they enjoyed cocktails, island cuisine, and the company of the Maritimo family.  The Key West Maritimo Migration was a fantastic success. “I’ve been to many boat events, but this one truly stood out. The mix of relaxed social gatherings, like the Docktails and Costume Party, and then with high-energy activities like the races, all made it an really unforgettable experience. It felt more like a family reunion than a conference. I’m already looking forward to next year!” said one of the participants.  Simon Stewart, Marketing Manager, Maritimo concluded the recounting of the Migration by saying, “It has been incredibly rewarding to watch the Maritimo Migration event grow into such a highly anticipated experience across the globe. From the moment we began planning, our goal was to create a seamless blend of education, adventure, and camaraderie. It’s been amazing to see that come to life in Key West.”  “The passion and enthusiasm of our Maritimo owners, guests, and partners are what make this event truly special. This event exemplifies what our brand is all about, which is luxury boating and a warm sense of community. We’re already excited for next year and can’t wait to bring everyone together again for another unforgettable journey!”


Mazu New Partners for Europe and Americas

Denison is pleased to announce its collaboration with Mazu Yachts to represent their full line of carbon/sandwich SuperYacht Tenders 38’ to 82’ and their Steel/Aluminum Displacement Series 92DS, 112DS and 132DS. The central agency representation will cover the regions of Europe and the Americas.  With a focus on exceptional craftsmanship, innovative design, and unparalleled performance, Mazu Yachts has gained recognition as an exclusive shipyard, producing only ten boats a year and providing particular attention to detail to each of their custom-built yachts. By joining forces with Denison Yachting, the two companies aim to enhance their positions in the market and provide discerning clientele with an unmatched yachting experience.  The 92DS, 112DS, and 132DS yachts epitomize Mazu Yachts' commitment to luxury, sophistication, and seaworthiness. Each vessel within the displacement yacht series is meticulously designed and handcrafted for each owner, offering them a seamless combination of style and functionality. From their sleek exteriors to their opulent interiors, these yachts embody the epitome of elegance and refinement.  Speaking about the partnership, Denison yacht broker Harold Del Rosario, who is representing the brand in Europe, expressed his wholehearted confidence in the worldwide acceptance and capabilities of the Mazu yard located in Yalova, Turkiye. “We are very excited about this partnership and look forward to introducing Mazu’s highly innovative construction methods and showcasing the best in Turkish craftsmanship.”  Denison yacht broker Brandon Barnes, who is representing the brand in the United States, shared: "We're thrilled to introduce Mazu Yachts to the American market. With impressive delivery times, robust steel construction in the displacement series, and extensive customization options, Mazu offers American clientele a unique opportunity within this size range."  Mazu Yachts’ Global Sales Director Orhun Senturk commented: “Mazu Yachts, known for its sleek, high-performance luxury motor yachts, has officially partnered with Denison Yachting, one of the largest yachting companies globally, specializing in yacht sales, brokerage, and charter services. This collaboration aims to strengthen Mazu Yachts’ presence in Europe and the Americas and enhance Denison Yachting’s lineup with Mazu’s renowned offerings, known for their exceptional design, functionality, and craftsmanship.”  “With Denison Yachting’s extensive network and industry expertise, the partnership will offer a seamless buying experience for clients, who can expect better access to Mazu’s unique yachts,” he added. “For Mazu Yachts, this alliance represents an expansion into markets, aligning with Denison’s reputable client base and market reach. By combining Denison Yachting’s sales force and Mazu Yachts’ innovative vessels, both companies are set to provide unparalleled yachting experiences, blending luxury, style, and superior performance for clients across Europe and the Americas.”


Omaya Yachts CEO Named in Forbes

Omaya Yachts CEO and co-founder Kaloyan Radulov has been named in Forbes Bulgaria 30 under 30. The prestigious list, which Forbes’ different editions compile annually, aims to recognise young individuals making significant contributions in their respective fields.  Radulov’s family-owned business, the Elica Group, based on the banks of the Danube in Bulgaria, announced the launch of its luxury power catamaran brand Omaya Yachts earlier this year. Its first model, the OMAYA 50, is due for completion in early 2025.  “I am excited to be included in such an important selection of individuals and hope it inspires other young people within my community to push for their entrepreneurial hopes and dreams,” said Kaloyan.  As well as leading Omaya Yachts growth internationally, Radulov is admirable in his efforts to make a difference within his community, both with young entrepreneurs in the Teenovator high school mentoring programme and non-profit organisation Future for Silistra, which is a volunteer initiative to enhance life in the town of Silistra, Bulgaria.  Future for Silistra, led by a newly-elected president and a 19-member team, works weekly to improve the Silistra community. It has organised a children’s charity football tournament, built a playground at a Special Educational Needs school, supported a teenage acting school, and produced interviews with ‘Academy for Local Entrepreneurs’ alumni to highlight local small and medium businesses and encourage economic growth. In line with economic growth, the NGO's latest initiative is a Business Camp for young entrepreneurs (19-29) that offers startup training and prize funding.  Radulov believes that we need to work for our future today, and our future is the generations after us. “Investing in the next generation is crucial for our collective future and engaging with young people and transferring our experience and wisdom, we help ensure a better future for everyone. To thrive, we need to take care of our communities, enrich them so they can prosper and encourage growth. Our work in Silistra to enhance the local economy will make Silistra an attractive place for young people to stay or return to after their studies or travels.”


Riviera 2024 International Dealer Awards

Australia’s premium luxury motor yacht builder, Riviera has announced its 2024 International Dealer Awards at a special ceremony in Florida in the United States.  On the Caribbean Island of Puerto Rico, Wally Castro Marine has shone among Dealerships around the world to be awarded Riviera International Dealer of the Year.  Dealer Principal Wally Castro said: "Our entire team is 100 percent focussed on our customers. They really are part of our family so we want to ensure they have the best experience aboard the best quality yachts. And that means Riviera.  “We involve our customers in many events each year, including our famous Xmas In July party. We created this event 13 years ago as an all-day on-water party and our Riviera owners are at the centre of our focus there. This year we had almost 500 boats, with around 5,000 people celebrating the spirit of Christmas in July”.  Riviera’s International Sales Director Chris McCafferty said of Wally Castro: “Riviera was the first marque Wally represented when he opened his dealership many years ago. He truly understands the needs of his clients and is an avid Riviera boater himself.  “Wally does it all, and so very well - from knowledgeable sales and attentive service to spectacular events. He hosts what is arguably the largest owner event in the world each year with his Xmas In July gathering in the British Virgin Islands.”  Service is paramount in supporting the Riviera family all over the world, so the award for Service Excellence by an Individual is always a highly contested award each year.  This year’s award was presented to Jack Gleadhill from Sun Country Marine Group based in California.  “Our philosophy is to ‘do it well the first time’, said Jack Gleadhill. “I am grateful to have become part of the Sun Country team. My focus is always to provide our owners with the best possible experience and to treat every yacht that I work on as if it were my own.”  Chris McCafferty explained that Jack was a former apprentice from Riviera’s manufacturing facility in Australia.  “Jack’s first international job was working in our US operations,” he said. “He has unparalleled knowledge in the Riviera world and he is now doing a fantastic job on the US west coast.”  Jointly shared in 2024 between Emerald Pacific Yachts in Seattle Washington and Freedom Marine in Canada, the Event Excellence by a Dealership award was presented for their combined efforts this year in hosting the renowned Riviera Roche Harbour Rendezvous held on San Juan Island in the Pacific Northwest.  Speaking on behalf of the team at Emerald Pacific Yachts, Randy Buckell said that the Roche Harbour event began with five yachts 25 years ago.  “This year’s event attracted 54 Rivieras,” he said. “We have always focussed on making the Roche Harbour Rendezvous a family event. This event has helped to create an amazing community of people who love their yachts and who are just so proud to be a part of the Riviera family.”  Denis Barnard of Freedom Marine said: “We are delighted that our relationship with the team at Emerald Pacific has created such an awesome event again this year for our Riviera owners. From the Riviera technical training workshops to a wide range of social events, everyone had a ball. Now we are planning to take their Riviera experience further afield, helping them to explore even more of this beautiful boating region.”  Chris McCafferty said: “Emerald Pacific has a long-standing relationship with Riviera. They have won many awards in the past for service, events and sales excellence. Whilst Freedom Marine is our newest dealership, they come with a first-class reputation for customer support. They are Canada’s largest new boat dealership and have added real value in helping make this a world-class customer event.”   “I take pride in being recognised for my work with clients. It’s really about the culmination of efforts by Riviera, the team at Emerald Pacific Yachts as well as myself,” said Tony Witek from Emerald Pacific Yachts, accepting the award for Sales Excellence by an Individual.  Chris McCafferty commented: “Tony is a long-term sales professional who understands the needs of his customers. He will go the extra mile to make sure his customers are serviced properly both before and after their purchase.”  For the second consecutive year, Riviera’s award for Sales Excellence by a Dealership went to OneWater Yacht Group based in Maryland on the US east coast.  Accepting the award, Dealer Principal Bryan Braley said: "This is a huge honour for us. We have been partners with Riviera for over 10 years and we are fully committed to the yachts Riviera builds, and to giving our customers a superb experience, excellent service and, most of all, to ensuring they have a wonderful time boating.”  Chris McCafferty described OneWater Yacht Group as Riviera’s largest dealer globally and one of the largest new boat dealerships in the world.  “Bryan’s team is responsible for covering a significant part of the US east coast and part of the Florida west coast for Riviera.”  Riviera Australia owner Rodney Longhurst praised the international dealer network and award winners on behalf of Riviera’s team in Australia and in the US.  “The Riviera International Dealer Awards recognise the professionalism, dedication and excellence of service and support by our representatives. Together, Riviera and our dealership network strive to create the ultimate boating experience for our yacht owners,” he said.  “We are very appreciative of our global dealership network, and we thank them all for their commitment and dedication to our yacht owners.”


Sialia Receives Gustave Trouve Award

The Sialia 45 electric cruiser has been named the winner of the 2024 Gustave Trouvé Awards for excellence in electric boats and boating, in the ‘Electric Boats Over 8m / 26ft In Production’ category. “This is an extraordinary recognition for our team. No one else offers what Sialia Yachts does in the 13-35-meter range, and this award confirms we are on the right path,” said Milvio Ricci, Chief Commercial Officer at Sialia Yachts. Sialia Yachts made a splash in 2022 with the launch of its 57-foot all-electric performance cruiser, Deep Silence. Earlier this year, the Sialia 45 was introduced, and the first two hulls of this new model are currently under construction. This innovative 14-meter cruiser can reach up to 43 knots, thanks to its advanced proprietary propulsion system with twin 300kW electric motors. It also boasts an impressive range. At a cruising speed of 25 knots, the standard 500kWh battery pack offers a range of 55 nautical miles, or 77 miles with the optional 200kWh endurance battery pack, which becomes 164 nautical miles with the use of the Range Extender (Rex). This year, more than 150 boats were entered into the Gustave Trouvé Awards, with over 6,000 people from around the world casting their votes. The International Panel, comprising 32 electric boat experts, contributed votes weighted at a ratio of 3:1 in the final tally. The Sialia 45 emerged as the top choice in its category, receiving the highest number of votes from the judges. This recognition underscores the cruiser’s achievement and the respect it commands among industry peers. The Gustave Trouvé Awards for Excellence in Electric Boats and Boating were created to recognize the inventors, designers, manufacturers, entrepreneurs and visionaries who are making advances every day to develop clean, quiet, zero emission technologies and designs to reduce reliance on fossil fuel for marine propulsion. They are named to honour Gustave Trouvé, a prolific French inventor with over 75 patents – among them the world’s first outboard boat motor, which he devised so that he could detach the motor from his prototype electric boat ‘Le Teléphone’ and take it home for further work in his Paris apartment.


Silent Yachts and Nuvolari Lenard Announce Collaboration

Innovative catamaran builder Silent Yachts has signed the renowned superyacht studio Nuvolari Lenard to pen the design for a new generation of its solar yachts. The collaboration brings together two leading brands in their spheres and underlines Silent Yachts’ bold vision for the future. The result will be a fresh breed of catamaran with next-level accommodation and styling. The first model to sport a Nuvolari Lenard exterior and interior is still on the drawing board with a launch slated for 2026. Looking further to the future, every new Silent Yachts boat up to the 24m mark will be designed by the Venice-based studio, which is famous for its work on some of the world’s largest and iconic gigayachts. “The collaboration is a blend of Nuvolari Lenard’s sophistication and innovative approach to yacht design with Silent Yachts’ philosophy of sustainability and advanced technology,” said Silent Yachts CEO Fabrizio Iarrera. “The design studio’s architectural sensitivity will bring a refined elegance to Silent Yachts, bridging form and function in harmony. The goal is to enhance not just the aesthetics but also the overall on-board experience.” Although Nuvolari Lenard has put its signature on iconic private yachts such as 106m Black Pearl, 122m Kismet and the muscular 141m Nord, it is just as experienced with the sub-24m space. Founded in 1990, recent years have seen the studio working with brands including Palmer & Johnson and MCY. For its part, Silent Yachts is most active in the 18-24m range, although there is a plan for a larger project. “Nuvolari Lenard brings the same passion and attention to detail to both superyachts and smaller semi-custom yachts, always maintaining our signature style,” said co-founders Carlo Nuvolari and Dan Lenard in a statement. “We are excited to be working with Silent Yachts, who share our values of innovation, sustainability, and a commitment to pushing boundaries.”


Sunreef Wins Oceanreef China Yacht Awards 2024

The 100 Sunreef Power has just received the Oceanway China Yachts Award 2024. This spectacular multihull superyacht was recognized as the Best Design in Catamaran Power Boats. The award was received during the Boating Sanya show by Nina Lee Boudoul, Director of the Asia Pacific Region at Sunreef Yachts.  


Wajer Caribbean Christmas

Dries Wajer and his colleague Daniel van der Hijden will be in St. Barths with the Wajer 44 HT for two weeks starting from Christmas. Several Wajer owners will also be there, so you'll find all Wajer models around.  The Wajer team will meet you out on the water and discuss Wajer’s exciting plans for the upcoming year.  After their time in St. Barths, they'll be heading to Miami and would be delighted to meet you there as well.


Viking Eleventh Key West Challenge

Join the best party in the Conch Republic! Open to all Viking and Valhalla owners, the 11th edition of the Viking Key West Challenge is gearing up to be a blast. This four-day event,.April 9 to 13 features a pair of fishing days; a lay day with festive barbecue pool party; kids' fishing tournament; a lively bar crawl poker run; and al fresco awards dinner – now that's a heck of a lot of fun.


Zeelander Nominated Best Sport Cruiser 2025

The Zeelander 5 has been nominated for the prestigious 2025 Motor Boat Awards, reaffirming its status as a masterpiece in design, craftsmanship, and performance. Described by Motor Boat and Yachting as “a boat only a handful of people will ever be able to own,” the Zeelander 5 represents exclusivity and innovation, delivering an exceptional experience on the water. We’re proud of this recognition and grateful to our owners and supporters who inspire us to redefine yachting excellence.

November 30, 2024

Monthly News - November 2024

-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.