Nobiskrug’s search for investment makes ‘promising start’

Nobiskrug’s search for investment makes ‘promising start’

“My goal is to find an investor by the end of June,” said Hendrik Gittermann, the preliminary insolvency administrator assigned to Nobiskrug, following its recent filing for insolvency. Gittermann who works for Hamburg-based law firm REIMER, has commissioned PwC with

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Heesen sells Gemini, its second yacht sale this Spring

Heesen sells Gemini, its second yacht sale this Spring

Heesen has sold its Project Gemini, also know as YN 19755, its second sale of Spring 2021. Project Gemini, which was begun as a speculative venture, remains under construction and will be managed through to completion for the owner by

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‘Less cluttered competitor landscape’

‘Less cluttered competitor landscape’

Buying any insurance is rarely fun. But anyone looking for yacht insurance in the last three or four years has had to get used to much higher rates. The good news is that the rate of increase has begun to

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GYG: ‘Exceptional trading year’ despite pandemic

GYG: ‘Exceptional trading year’ despite pandemic

Last year was an exceptional year of trading considering the operational challenges presented by the onset of a global pandemic said Remy Millott, chief executive of GYG. Commenting on GYG’s recently published 2020 results, he said: “I am proud of

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Navier introduces ‘Tesla-like’ approach to yachting

Navier introduces ‘Tesla-like’ approach to yachting

Navier, a Silicon Valley boating startup, has launched its Pioneer Program, which allows the company to form a direct-to-consumer connection similar, it says, to Tesla’s business approach. Its first product, Navier 27 (N27), is a 27-foot (8.2m) foiling vessel that’s

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Lürssen sells first fuel cell powered superyacht

Lürssen sells first fuel cell powered superyacht

Lürssen Yachts has sold and is currently building its first superyacht powered by fuel cell technology. The German yard’s managing partner Peter Lürssen announced the sale earlier this week on the Lürssen Live talk show which focused on future propulsion

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Nobiskrug insolvency ‘no complete surprise’

Nobiskrug insolvency ‘no complete surprise’

The insolvency of German shipyard, Nobiskrug, was no “complete surprise” Jay Tooker, partner, HFW told Superyacht Investor. The yard, which constructed Sailing Yacht A, filed for insolvency earlier this week. Nobiskrug (NBK) is operated under Privinvest, an international shipbuilding group.

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Does piracy remain a threat?

Does piracy remain a threat?

Gone are the days of Edward Teach’s men on the high seas, but, even if Blackbeard has left us, piracy is still a risk to be observed. Now the high-risk areas for global piracy are the Gulf of Guinea and

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SEA Index receives endorsement from Lloyd’s Register

SEA Index receives endorsement from Lloyd’s Register

The Superyacht Eco Association’s (SEA) Index has been endorsed by Lloyd’s Register. The endorsement of the free-to-use superyacht environmental ratings tool was announced by the SEA at the tenth La Belle Classe Superyacht Environmental Symposium, part of Monaco Ocean Week,

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Feadship launches 55m Somnium

Feadship launches 55m Somnium

The newest member of the Feadship fleet, Somnium emerged from the builder’s Aalsmeer yard in the Netherlands this week for final finishing and sea trials. The 55m vessel, named after the Latin word for dream, is the yard’s first pure

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