Gulf Craft partners with Dubai Institute of Design and Innovation

Gulf Craft partners with Dubai Institute of Design and Innovation

Gulf Craft has signed a memorandum of understanding with the Dubai Institute of Design and Innovation (DIDI) intended to promote superyacht innovation. The partnership aims to bring the next generation of designers to the superyacht industry, with particular focus on

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Pearl Yachts signs partnership with Hong Kong-based VP Yachts

Pearl Yachts signs partnership with Hong Kong-based VP Yachts

Pearl Yachts has partnered with Hong Kong-based VP Yachts, which will now act as the British shipyard’s official representative in Asia. Iain Smallridge, MD, Pearl Yachts said: “We always celebrate growth and new friends, especially in affluent and interesting markets,

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Children are the future (of yacht sales and charter) 

Children are the future (of yacht sales and charter) 

Luxury travel is recession proof. That’s the view of Geordie Mackay-Lewis, co-founder of luxury travel company Pelorus – and probably the view of most people in the yachting industry. In the aftermath of the pandemic and lockdowns, there’s no shortage

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Shipyard MB92 La Ciotat inaugurates 4,300t shiplift

Shipyard MB92 La Ciotat inaugurates 4,300t shiplift

Superyacht refit shipyard MB92 La Ciotat has inaugurated its new 4,300t Atlas shiplift at its facility in the south of France. The new platform, representing a total investment of €47.5m, is expected to boost business for the shipyard with knock-on

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Pelorus: Seven travel trends for the luxury yacht industry

Pelorus: Seven travel trends for the luxury yacht industry

Seven top trends will shape the luxury travel industry for superyacht owners and charter clients over the next five years, according to the latest report from bespoke travel specialist Pelorus. Ocean Exploration, High-Impact Conservation and Metaverse Previews were among the

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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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