One of the oldest superyacht service shipyards has changed hands. Balk Shipyard in The Netherlands is entirely Dutch-owned once again. Dating to 1798, the yard sold an ownership stake to a Hong Kong-based investor in 2022. Specifically, it was Zhongying International Holdings Group. The company’s primary business holdings were integrated circuits and semi-conductor parts. It…
With more than two decades of yachting experience in North America, Federico Ferrante is now the head of sales for the Americas for Benetti. Ferrante succeeds Nick Bischoff, who recently departed after six years to establish his own consultancy. Ferrante has spent 25 years with the Azimut-Benetti Group, mostly with Azimut-Benetti USA. In fact, he’s…
Germany-based YYachts, which builds lightweight, swift sailing superyachts, has just signed American representation to better serve the U.S. market. The builder has tapped Connecticut-based Rodgers Yacht Sales as its exclusive stateside partner. YYachts opened its doors in 2016, under the ownership of Michael Schmidt. Schmidt previously owned Hanse Yachts, which focused on small sailing yachts….
Court-appointed administrators in Germany have a formal proposal that will end Nobiskrug’s bankruptcy, which has been casting uncertainty over its employees, subcontractors, and clients for nearly two months. Lürssen has filed a takeover offer for Nobiskrug that will keep its site in Rendsberg fully operational. Nobiskrug entered bankruptcy protection alongside a sister shipyard, FSG, last…
Since 2008, the family-run Giangrasso Group has been a hull and components subcontractor for a variety of European builders. The Viareggio-based shipyard is now bringing its own superyacht series to the market, with one yacht already under construction. Bartolomeo Giangrasso, the founding partner, has been working with Ocean Independence for some time to reach this…
Codecasa Shipyards, a family-run operation since its very first day, is marking two centuries of service in yachting. One of the oldest superyacht shipyards in the world, the family business got its start under Giovanni Battista Codecasa. A shipwright, and at just 22 years old, he settled in Viareggio, Italy, to build sailboats. Viareggio was…
With a new injection of capital, Sunseeker is setting its sights again on what it believes is a more strategic large-luxury yacht range. Its Sunseeker Superyacht Division, with series exceeding 100 feet (30.5 meters), has a new model alongside two other already-announced series. Late last year Sunseeker sold to two private-equity firms, namely Orienta and…
It was a year of some extraordinary launches and deliveries for Feadship. Simultaneously, it was a milestone year for the Dutch company, its 75th anniversary. As Feadship’s Diamond Jubilee comes to a close, it’s put together a remarkable look at its remarkable history. The First Export Association of Dutch SHIPbuilders—a.k.a. Feadship—started as a cooperative venture…
UPDATE, DECEMBER 23, 2024: Financing for Nobiskrug shipyard and its parent company is in place until January 31, 2025. This is according to the insolvency administrators, who held a press conference today. Already, they add, significant interest exists for acquiring the shipyard. “This high level of demand in the early phase of the search for…
A variety of superyacht tenders and primary yachts have seen delivery from Mazu Yachts’ Turkish headquarters since 2011. Until now, it hasn’t specifically targeted buyers in the United States. That’s changing with the appointment of Denison Yachting as its central agent. Mazu Yachts offers tenders/dayboats in carbon fiber composite from 38 feet to 82 feet…
