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An Allied Marine yacht broker has filed a lawsuit against a client and Baglietto. He claims the two circumvented verbal agreements under which he would receive a commission. The lawsuit follows a related filing by the client. The owner requests a declaratory judgment that the broker is not due any commission from the megayacht purchase.Continue Reading
If you own a CRN, Custom Line, Ferretti, Pershing, Riva, or Wally megayacht (or tender), service stateside just became a lot easier. Lauderdale Marine Center, the country’s largest repair facility, has a new Ferretti Group workshop and parts facility. Covering 5,000 square feet (nearly 465 square meters), the service area has dedicated staff, too, toContinue Reading
You read that correctly. The Italian yacht builder will switch its construction method to a seemingly unusual, but proven, material. Amer Yachts is abandoning fiberglass for a volcanic fiber, Filava, for several additional reasons. The biggest: The material is recyclable. Therefore, it addresses the “end of life” issue the yachting industry is increasingly wrestling withContinue Reading
Each day, 1,000 to 2,000 employees and subcontractors walk through the gates of the Ferretti Group Super Yacht Yard. Situated in Ancona, Italy, the yard originally was CRN’s headquarters. Since 2014, though, it’s also where the large Pershing and Riva projects see construction, along with all Custom Line projects. In fact, of the nine buildContinue Reading
A Dutch court has placed Moonen in bankruptcy. The news comes shortly after the yacht builder announced discussions with a new investor. Despite the financial straits, according to a yard spokesperson, those discussions continue. Court records reveal the bankruptcy filing took place last week. According to the Dutch newspaper Het Financieele Dagblad, the shipyard wasContinue Reading
In late 2018, British builder Pendennis acquired the majority share in Barcelona-based Vilanova Grand Marina. The interest went beyond the 48 slips on site. The duo is developing a service center on adjacent land. Opening in the early fall as Pendennis Vilanova, it expands Pendennis’ refit reach into more of the Mediterranean, plus transforms theContinue Reading