During the global recession, some shipyards took on investors. Sanlorenzo was one such builder, selling a percentage of ownership to a foreign company. Massimo “Max” Perotti (pictured), the yard’s chairman and CEO, recently bought back those shares. As a result, he and his family currently own all but 4 percent of Sanlorenzo’s shares. In 2013, Continue reading
Three decades after he first started working there, Ward Setzer is back working with Hatteras. The longtime naval architect and designer is serving as Chief Product Officer. As such, he is overseeing changes to existing yacht and megayacht models and spearheading the design of new ones. The North Carolina-based builder may be best known for Continue reading
The hurricane season of 2017 is one few people will ever forget. The devastation of so many Caribbean islands, and so many treasured cruising grounds, kept many megayachts away last winter. Thankfully, restoration and repair efforts are succeeding, with marinas, restaurants, shops, and more favorite places of the megayacht set reopening. However, this is not Continue reading