A Connecticut shipyard previously servicing superyachts has returned to the market, under a different name and with different owners. Hornblower Marine Yachts is the newly formed yachting division of a commercial company expanding into refit and maintenance at Steelpointe Shipyard by Hornblower. Situated in Bridgeport, Connecticut, the site gained prominence in yachting as the former Derecktor…
A veteran of the superyacht industry is supporting Turquoise Yachts sales and after-sales efforts in the United States. Thom Conboy (pictured, center) is further representing the Turkish shipyard across North and South America. Conboy’s career in the yachting business crosses continents and decades—specifically, four decades and Europe, North America, and South America. Through it all,…
For the first time, Baltic Yachts has appointed a U.S.-based representative, to strengthen its reach among performance-oriented sailing-superyacht enthusiasts. Gordon Kay (pictured, at left, with executive vice president Henry Hawkins) is the new vice president for sales for the country, the rest of North America, and South America. “The Americas are an important and growing…
A major superyacht marina and refit facility in Australia, Gold Coast City Marina & Shipyard is changing hands. The family that helped establish it 30 years ago has sold it to a Sydney-based company. The company is MA Financial, a global alternative-asset manager specializing in private credit, real estate, and hospitality. It already owns more than a…
With construction having started a few weeks ago, RMK Yachts expects to begin moving into an entirely new, yacht-only facility during the last quarter of this year. The recreational arm of the commercial and naval shipbuilder RMK Marine, RMK Yachts currently operates in Tuzla, Turkey. It’s the same property outside of Istanbul where its parent…
UPDATE, MARCH 16, 2026: The Italian Sea Group has entered a negotiated settlement procedure, a voluntary process to reorganize and restructure its creditor obligations. The company is working with an independent mediator for negotiations with creditors, who cannot seize assets or freeze accounts while the process is ongoing. Management remains in place, as do yacht-construction…
Dozens of dedicated refit shipyards are in the United States. Dozens more are in Europe, and new-build yards are adding maintenance and refit services, too. To better position itself, Derecktor Shipyards had created Derecktor One. It unites all contractor coordination, including yacht-requested specialists, and importantly results in one price and one bill. It’s not uncommon…
Following a report yesterday by Sky News, Sunseeker has confirmed a pending change of ownership. A private-equity-led consortium will take over, about a year following two private-equity firms acquiring it. KCP has partnered with Lionheart Capital, one of two private-equity firms that acquired the yacht builder in 2024, to acquire Sunseeker via a debt purchase….
With four yacht-building brands under its umbrella, and some of those same brands having quite large contracts, Palumbo Superyachts has been seeking further facilities for construction. Last month it acquired rights to use a state-owned shipyard in the Port of Ortona in Italy for metal fabrication. Ortona is in the Abruzzo region on the Adriatic…
In the not-too-distant past, service and refit shipyards, not the builders of the yachts themselves, handled maintenance and technical assistance. Benetti Yachts is the latest to offer superyacht owners and their teams direct support. The Azimut-Benetti Service Division strives to simplify the ownership experience and eliminate headaches. As part of this new division, clients can…
