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When Alva Yachts opened its doors in Germany a few years ago, the management team was convinced that electric yachts were the future. While it has seen growing interest across Europe, the Middle East, and Asia, interestingly, it is seeing particularly strong demand from North America. To better service Americans and others in the region,Continue Reading
Nearly a decade ago, Monaco Marine acquired a shipyard in Antibes, France that specialized in modest-sized megayachts. It was a strategic move, to cater to more clients in the South of France. Now called Monaco Marine Antibes, the site is about to undergo a significant investment for ambitious expansion and renovation plans. Prior to MonacoContinue Reading
Several weeks after Tankoa Yachts revealed plans for a Cantieri di Pisa acquisition, the shipyard has changed course. The future for the 81-year-old megayacht builder is back to being uncertain. In January, Tankoa confirmed it intended to buy the shipyard. Vincenzo Poerio, Tankoa’s CEO, released a statement expressing confidence over the due-diligence process. “We trustContinue Reading
In a few weeks, the wooden boatbuilding and restoration operations for the storied Hacker-Craft brand will be under a new roof. The Hacker Boat Company is in the midst of relocating from one part of upstate New York to another. Hacker Boat Company is the largest American manufacturer of classic mahogany motorboats. The new facilityContinue Reading
If a court approves, a newly formed Ferretti Group and Sanlorenzo joint venture will rescue Perini Navi from bankruptcy. The two fellow Italian yacht builders issued a statement earlier today. Specifically, they have formed a new company in which each has a 50-percent ownership stake. Through that new company, they wish to make an offerContinue Reading
UPDATE, FEBRUARY 15, 2021: Yet additional suitors have stepped forward, following an Italian court declaring Perini Navi bankrupt in January. See this story, the latest development. There is a growing list of yacht builders publicly expressing interest. Previously, on February 5, Palumbo Superyachts and The Italian Sea Group each released statements. Individually, they would like toContinue Reading