Perini Navi auctioned to Italian Sea Group for €80m

Perini Navi auctioned to Italian Sea Group for €80m

The Italian Sea Group (ISG) made the winning bid in the auction for sailing superyacht specialist, Perini Navi. ISG bid €80m ($90.2m) through its subsidiary, New Sail at the auction held by the Lucca Court, Italy. Giovanni Costantino, ISG, founder

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Henk de Vries on building through a boom

Henk de Vries on building through a boom

If you (pandemic restrictions permitting), walked into any shipyard or brokerage over the past 12 months there’s a chance you heard talk of unprecedented demand, refit craftsmen at full tilt and not a slot to be seen until at least 2024.

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Duty on US built yachts in the EU suspended

Duty on US built yachts in the EU suspended

The duties on US-built yachts have been suspended by the EU Commission until the end of December 2023. There was a 25% duty ad valorem applicable to yachts built in the US since June 2018. However, these duties have been

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Hakvoort signs largest new build to date

Hakvoort signs largest new build to date

Dutch shipyard, Royal Hakvoort has agreed terms with Fraser to build its largest new-build project to date. The 65m (213ft), 1,435GT vessel, dubbed Project YN254, is set for delivery in 2025.  Construction will commence at Hakvoort’s Monnickendam facilities imminently. The

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Superyacht docked for two decades up for auction

Superyacht docked for two decades up for auction

The half-completed superyacht, Bella T, which has been moored dockside in Cape Town since 2001, is to go on auction this March. Vessel sales specialists Solution Strategists, is to hold the auction which will take place at 9:00am GMT on

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Cantiere delle Marche launches all-new explorer

Cantiere delle Marche launches all-new explorer

Cantiere delle Marche (CdM) has launched its all-new Darwin 106 explorer yacht, Uptight, following a two-year construction for an American owner. The launch is a further indication of CdM’s growing presence in the US market, according to co-founder and Sales

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Flagship: Will younger owners enjoy ‘the wind’s song’?

Flagship: Will younger owners enjoy ‘the wind’s song’?

“And all I ask is a tall ship and a star to steer her by” There’s no better evocation of the joys of life under sail than John Masefield’s classic poem Sea-fever. But is the alure of sailing life lost on

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Large fire breaks out at Ferretti shipyard

Large fire breaks out at Ferretti shipyard

A large fire has damaged multiple vessels in Ferretti’s Cattolica-based shipyard in north eastern Italy. The blaze broke out this morning, January 11th, 2022 onboard a yacht under construction in one of the yard’s warehouses. According to local media outlet,

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Lloyd Werft Shipyard files for bankruptcy

Lloyd Werft Shipyard files for bankruptcy

German shipyard, Lloyd Werft has filed for bankruptcy. The filing, which is tied to the Genting Group that owns Lloyd Werft and MV Werften, will impact more than 300 employees and trainees that are currently employed by the yard. The

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Heesen: Order book full to 2025

Heesen: Order book full to 2025

An “exceptional” last year for Heesen looks set to continue into 2022 and beyond, according to the Dutch builder. Despite challenges presented by a global pandemic, Heesen delivered four yachts and sold a further five in 2021. The yard’s workforce

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