Gibraltar offers “a useful solution” for superyacht owner and managers, writes Selwyn Figueras. As the frustration of crew members aboard cruise liners drifting off American shores, escalates into scenes of protest on decks designed as idyllic backdrops to family holidays
All Sanlorenzo’s divisions reported growth in preliminary full-year results posted today. Superyacht builder Sanlorenzo has reported a 39.3% increase in net revenue to €455.9m from new-yacht sales in its prelimnary results for 2019. The Italian yacht builder also posted adjusted
Owning a superyacht is an aspiration for many of the planet’s elite, and one which is achievable for most, Quentin Bargate, CEO of the law firm Bargate Murray Ltd, and Dominic Bulfin, solicitor with the law firm write. However, in
This year has proved to be far from vintage for initial public offerings (IPOs) – with mixed results, but Sanlorenzo is ending the year on a high. Its shares were listed at €16 each on the Italian stock exchange, the
Massimo Perotti, executive chairman and of Sanlorenzo and EY award winner, remains the majority shareholder after the IPO. Sanlorenzo’s shares began trading at €16 each on the Italian stock exchange, the Borsa Italiana, on Wednesday December 11, after the superyacht
Heesen reports growing interest in its superyachts, such as the 70-metre Espen Øino International, from China’s wealthiest citizens. China’s wealthiest citizens are starting to develop an interest in superyachts, according to the CEO of Heesen Yachts Arthur Brouwer. “The Chinese
Massimo Perotti was named as Italy’s Entrepreneur of the Year by EY. He will continue to be the majority shareholder after the float. Sanlorenzo, the Italian yard, is hoping to be worth between €552m and about €656m when it lists
Winning design: The Majesty 140 won the Best of Show award at Fort Lauderdale. The Majesty 140 superyacht, all 43m of her, has won the Best of Show award at the Fort Lauderdale International Boat Show this year. First-time exhibitor
Spanish yachting groups are urging the European Commission to challenge the country’s matriculation tax. Pictured is OneOcean Port Vell, Barcelona. The Spanish Superyachts Association (AEGY) and the Spanish Yachting Association (ANEN) are urging the European Commission to oblige Spain to
Launching an IPO is a lot riskier than launching a yacht, as Ferretti Group demonstrated yesterday. Ferretti has given up its plan to sell 30% of the company on Borsa Italiana. Ferretti had been hoping to list at between €2.5
