Big yachts require big construction bays. Big plans for these yachts do, too. Oyster Yachts has added a new shed for those reasons. The shed benefits the Oyster 118 series, of which the second hull is about to start. The timing is right. In January, Oyster revealed that hull number two was under contract. Meanwhile,…
Perini Navi and its sister shipyard, Picchiotti, are getting capital injections from a new investor. Simultaneously, Lamberto Tacoli (below), the longtime yachting executive, now runs the Perini Navi Group. Faber Group, the holding company for the yards and owned by Perini Navi founder Fabio Perini, retains majority ownership. However, its stake is now 50.01 percent….
The megayacht refit yards in and around Savannah, Georgia are about to get more competitive. Come July 1, a refit tax cap law goes into effect. On May 1, Governor Nathan Deal signed a bill that originated in the state’s House of Representatives. Known as HB 125, it proposed amending the tax code to set…
Following its acquisition by the Palumbo Group, ISA Yachts’ expansion is making progress. In fact, by the end of June, a newly constructed build shed will be ready to welcome its first projects. Palumbo Group officially acquired the defunct yacht yard in Ancona, Italy, last August. Just recently, it renamed the facility Palumbo Ancona Shipyard…
For more than 15 years, Mallorca-based Palmawatch has provided haul-outs, maintenance, refits, and related services. Due to bigger project inquiries, the company now has a dedicated project-management division. Called PalmaFits, it further expands Palmawatch’s expertise into bigger boats. Pierre Oberon, head of Palmawatch, says that thus far, most of the team’s experience is with yachts…
Following temporary layoffs last month affecting 100 craftspeople, Mondomarine reached agreement with the workers’ unions late last week to pay some wages. The figure is less than what the unions sought, and more than what the shipyard offered. The financial challenges for Mondomarine, however, continue. The unions news comes via reports by La Stampa newspaper…
As part of its global sales and promotion expansion, Dynamiq has hired megayacht-industry veteran Maurizio Magri as its commercial director. Magri may be best known for being CEO and partner of the megayacht builder CBI Navi for 11 years. For the past two years, he was a sales manager for Overmarine Group, the builder of…
By summertime, the company formerly running Christensen Shipyards should emerge from receivership, after nearly two years. This follows a judge’s decision last week to allow distribution of about $6 million to companies and individuals with claims. To be clear, the receivership affects Christensen Shipyards Ltd., which ran the Washington State builder from 1983 to March…
If you’re a fan of Riva, you can now wear your love for the brand on your sleeve. Or your head. The Italian yacht builder has an online store, the Riva Boutique, stocked with accessories from clothing to furniture. At the recent Yachts Miami Beach show, Ferretti Group CEO Alberto Galassi revealed to the media…
Approaching its 50th anniversary, the family-run Van der Valk Continental Yachts is bigger than ever. Literally. It’s completing a larger construction shed dedicated to motoryachts upwards of 131 feet (40 meters). Furthermore, come completion in springtime, the new hall will handle megayachts rising three decks high. The Dutch builder hasn’t been able to offer tridecks…
