The Italian job – building in a boom

The Italian job – building in a boom

“Batti il ferro finché è caldo” is an Italian saying that translates as “strike the iron while it’s hot.” And it’s one that rings true for Italian shipbuilding giants recently reporting strong growth for the first nine months of this year.

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The Ferretti Group reports double-digit revenue growth

The Ferretti Group reports double-digit revenue growth

The Ferretti Group has reported sales of €779.8m in the first nine months of this year, an increase of 16.5% when compared to 2021. Superyachts account for 9.3% of this with sales reaching €72.5m, up from €56.2m. The group also

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The Italian Sea Group reports sales up by 64%

The Italian Sea Group reports sales up by 64%

The Italian Sea Group (TISG) has reported sales up by 64.6% to reach €210.3m ($217.5m) in the first nine months of this year. The shipbuilder’s order book as of September 30th, 2022, stands at €983m ($1.01bn) with 35 yachts currently

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San Lorenzo reports record €1.7bn backlog

San Lorenzo reports record €1.7bn backlog

Italian shipyard San Lorenzo has reported a record backlog of €1.7bn ($1.76bn) for the end of its third quarter of 2022. It made a pre-tax profit of €73.4 million for the first nine months of 2022 – up 43.1% compared

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Yachting through the crypto Winter

Yachting through the crypto Winter

If you don’t own Crypto you may have missed the travails of FTX, a large exchange, which suffered the equivalent of a run on a bank this week. After $6bn of panicked withdrawals in three days, it agreed on a

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Superyacht seized in Spain

Superyacht seized in Spain

Spanish authorities have seized a Lurssen superyacht following a ruling from a Barcelona judge. The court decision comes after MB92 shipyard lodged a complaint when the vessel’s maintenance fees went unpaid. Formerly known as Valerie (pictured), the 85m (279ft) Meridian

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MarineMax reports record $2.3bn in sales for 2022

MarineMax reports record $2.3bn in sales for 2022

MarineMax has reported record sales of $2.3bn for 2022 in its fourth quarter and final report for the fiscal year ending September 30th2022. This follows record fourth quarter revenue, increasing by 16% to about $537m. The boat and superyacht retailer’s

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Sailing in the Sunshine State

Sailing in the Sunshine State

The largest in-water boat show in the world opened its gates for the 63rd time last week as more than 100,000 attendees and 1,300 watercraft descended on Fort Lauderdale, Florida. From single-person kayaks to the biggest yacht on show, the

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Yachtzoo restructures ownership model

Yachtzoo restructures ownership model

Two of the founding members of brokerage Yachtzoo have sold their shares in the company to make co-founder Darrel Hall the majority shareholder. Paola Scalabrino and Chris Richardson will remain as the firm’s sales and charter brokers, with Carin Zemel

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Cantiere Delle Marche completes management buy-out

Cantiere Delle Marche completes management buy-out

Italian shipyard Cantiere Delle Marche (CDM) has been sold through a management buyout with FIL Bros Family Office joining the company as majority shareholder. The Austrian firm has taken a 75% ownership stake, with the remaining 25% to be held

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