The Russian client who ordered five superyachts from Sensation Yachts before it went out of business is buying the shipyard. According to the Australian Associated Press, Selwood Road Trust, the corporation owned by the client, Valery Cheshinsky, is paying NZ$4.485 million (about US$3.619 million) to acquire the land and facility. The reason: to finish at…
Production-built catamaran aficionados certainly know the Lagoon name. Part of the Beneteau family, the world’s largest producer of sailing and power cats, Lagoon specializes in the 38- to 62-foot (11.6- to 18.9-meter) range. Now it’s broadening its horizons and offerings with the introduction of Lagoon Custom, comprised of various megayacht models. The yachts will be…
When Northern Marine shuts its doors in 2009, it was an early victim of the economic slowdown that became the global recession. It hasn’t remained that way, however. Not only is the Washington State yard back in business, but the new plans it has reflect a strong focus on a niche few large-yacht yards are…
Several superyacht shipyards occasionally perform refits, even though it’s not the company’s primary focus. But when there’s an opportunity to formally create a service division, it’s wise to take action. That’s what Royal Huisman has done with the creation of Huisfit. Having performed refits before, Royal Huisman was confident its craftspeople were properly skilled. However,…
Two years after being taken over by its current management, Tecnomar has completed a reorganization, which includes applying for ISO 9000 certification and creating new offerings for clients. Giovanni Costantino, president and CEO of Tecnomar (pictured), proudly announced the ISO 9000 news at a press event in Milan in late March. (The yard actually applied…
Due to the recession’s effects on the yachting industry, and to better focus its varied businesses, the Azimut Benetti Group has restructured into three main divisions. All Azimut and Benetti boats and services will now fall under Yachts, Megayachts, and Yachtique. The Yachts division groups together all production boats and yachts to 30 meters (98…
In its first comments to the media about the acquisition of Baglietto and Pisa, Overmarine’s management team expressed confidence last week in having full control of its megayacht operations by mid-March. The team also announced a newly minted partnership with MarineMax—so new that the legal sign-off had literally occurred within an hour prior to the…
The Turkish yard known for its stately, cold-molded mahogany yachts is expanding into composite construction—megayachts with more speed, sleeker styles, and more volume. Vicem Yachts is presently building three yachts measuring 105, 118, and 151 feet (32, 35, and 46 meters, respectively), all part of the equally new Vulcan Line. Featuring naval architecture by Frank…
In what is hopefully a sign of some economic recovery, by the end of this month, Pendennis will have eight megayachts—both sailing yachts and motoryachts—in its sheds, the majority of which are in for refit work. It marks one of the British yard’s busiest winter periods ever. The sailing yachts Adela and Andromeda La Dea,…
