Outer Reef Yachts builds long-range motoryachts with rugged appeal, encouraging customers to voyage farther. Following a yearlong search for a Europe-based partner to help it grow, it’s merging with the Dutch builder Lynx Yachts. Since its founding in the late 1990s, Outer Reef has produced all-fiberglass yachts in a variety of LOAs in Taiwan. Its…
Two complementary British marine firms targeting superyacht customers are now under the same ownership. Pendennis Shipyard’s parent company, Pendennis Group, has taken majority ownership of Cockwells, the custom tender builder in its same home region of Falmouth, England. Cockwells got its start 28 years ago, thanks to founder Dave Cockwell. Back then, the company rented…
After months of rumors and subsequent confirmation of negotiations, Nautor Swan is now part of the Sanlorenzo Group, Sanlorenzo’s parent company. Effective today, the Italian yacht builder owns 60 percent of the Finland-based yard. Over the next four years, the remaining 40 percent of shares will transfer. Dating to 1966, Nautor Swan has a broad…
All of the Ferretti Group projects in metal see construction in Ancona, Italy. So, too, do all of the Custom Line projects, in both composite and metal. Due to the various divisions growing, the company has been redeveloping the site for a few years. The latest milestone wrapped up a few months ago, the completion…
UPDATE, OCTOBER 18, 2024: Following Holterman Shipyard filing for bankruptcy one week ago, a fellow Dutch builder has taken over operations. Steeler Yachts, located 10 minutes away and a self-described fierce competitor for years, is rehiring many of the former employees. Steeler Yachts will use the facilities to expand production capability to address growing orders….
Baglietto has a new U.S. representative, based in Fort Lauderdale. Tomasso Bilotta, with strong experience working with Italian yards and American clients, is the liaison for stateside customers and brokers. Bilotta began his yachting career nearly 20 years ago in Italy, where he grew up, working with Riva. Later, he joined Benetti, first in Italy…
UPDATE, JULY 3, 2024: Fire officials state that it took 20 hours to put out the fire that started at the Lürssen Rendsburg shipyard yesterday. Local media also report that the nearby residents who had evacuated as a precaution returned to their homes last evening. Investigators anticipate being able to enter the shed later this…
Six months after it completed renovations at a related nearby site, The Italian Sea Group has sold the Viareggio-based shipyard of Perini Navi. The buyer: Next Yacht Group. According to the financial media outlet Alliance News, The Italian Sea Group revealed the sale finalization on June 12. The yard previously specialized in constructing Perini Navi…
Several superyacht builders already have facilities in Tuzla, Turkey, which is near Istanbul. A longstanding shipyard previously focused on military craft is expanding its operations into the sailing market. The new yachting division has its own name, too: Mishi Yachts. Plus, it has two proposals to pique the interest of customers. Mishi Yachts is operating…
Fifty-seven years after he established his eponymous yacht yard, Wim van der Valk has retired. Van der Valk Shipyard remains in the hands of its management team, which, with the backing of previous clients, has bought the company from him. Van der Valk’s retirement coincided with his 79th birthday on April 18. It puts into…
