BWA Yachting acquires SOS Yachting and hires new CEO

BWA Yachting acquires SOS Yachting and hires new CEO

BWA Yachting has completed the acquisition of SOS Yachting. The superyacht financial service provider will be led by new CEO, Frédéric Dormeuil. The new owners said SOS Yachting will remain autonomous and continue to further develop its services. The aim

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MarineMax reports record revenue for Q4 2023

MarineMax reports record revenue for Q4 2023

MarineMax has reported record revenue of $508m generating a profit of $187m for the quarter ending December 31st, 2022. Sales rose by  7% and profit was up 12% from the same period last year. The superyacht and boat broker said

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MB92’s Ben Mennem – An alternative view

MB92’s Ben Mennem – An alternative view

After a career spanning almost half a century, MB92 La Ciotat’s founder and vice-chairman of MB92 Group Ben Mennem (pictured) has seen it all. From sleeping under the stars on a beach in the south of France to starting a

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Superyacht crews repaid millions in lost wages

Superyacht crews repaid millions in lost wages

Superyacht crews received £2.75m in unpaid wages last year, thanks to the maritime crew union Nautilus International. The increase in the amount recovered reflects a growing number of cases in the superyacht sector, with the firm expecting numbers to continue

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Two charged with aiding Russian billionaire evade superyacht sanctions

Two charged with aiding Russian billionaire evade superyacht sanctions

Two men have been charged by the US Department of Justice with helping Russian billionaire Viktor Vekselberg, owner of the 255ft (78m) MY Tango superyacht, evade sanctions and run a money laundering scheme. The yacht was previously seized in Mallorca,

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Rolls-Royce successfully tests 100% hydrogen engine

Rolls-Royce successfully tests 100% hydrogen engine

Rolls-Royce has confirmed tests of its mtu Series 4000 engine running on 100% hydrogen fuel have been successful. The tests mark another step towards the introduction of hydrogen engines to help the superyachting sector improve its sustainability performance. The firm’s

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Marina Port Vell to host America’s Cup superyachts

Marina Port Vell to host America’s Cup superyachts

Marina Port Vell, Barcelona has agreed a partnership with the America’s Cup organisers to become the tournament’s preferred marina for superyachts. The regatta will be held in August and October 2024. Marina Port Vell (pictured), Barcelona said that the agreement

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Numarine reports 13 yachts under construction

Numarine reports 13 yachts under construction

Numarine has reported 13 yachts are under construction at its shipyard in Gebze, Turkey. The models include the 26XP and 37XP (pictured) ranges. The Turkish shipbuilder sold 12 units in both 2021 and 2022, with the average length growing 16%

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From snowboarding to superyachts

From snowboarding to superyachts

From snowboarding in the Bavarian Alps to running one of the world’s largest superyacht brokerages, Northrop & Johnsons’ president and chief operating officer (COO), Daniel Ziriakus took an off-piste route into superyachting. With a background in marketing and an unconventional

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Sanlorenzo partners with FinDynamic

Sanlorenzo partners with FinDynamic

Sanlorenzo has selected finance service provider FinDynamic to support its supply chain operators with finance options using its digital platform. In addition to confirming, the firm will also provide dynamic discounting, meaning suppliers can obtain advance payments of their invoices.

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