PHOTO: George Bekris

Eight Bells: Notable Megayacht Owner & Industry Passings in 2018

In seafaring tradition, the ringing of eight bells pays respect to a deceased sailor. It signifies that his or her “watch” is over. Several watches in the yachting industry ended this year—far too soon, at that. Indeed, while many a person’s passing leaves colleagues and admirers at a loss for words, 2018 seemed to hit Continue reading

Montenegro’s Bijela Shipyard Becoming Superyacht Refit Yard

A year from now, a commercial shipyard in Montenegro may reopen as a superyacht refit yard. Though works would be preliminary, the site formerly known as the Bijela shipyard will operate under the guidance of Adriatic Marinas, parent company of Porto Montenegro, and the Dutch company Damen, parent company of Amels. The two received a Continue reading

PHOTO: Scott Eells/Bloomberg via Getty Images

Peter Munk, Porto Montenegro Founder & Yacht Owner, Dies

Peter Munk, the Canadian entrepreneur and business magnate who established Porto Montenegro, died on March 28. He was 90 years old. Born in 1927 in Hungary, Munk and 13 family members fled to Canada in 1944, when Nazi Germany invaded. There, he graduated with a degree in electrical engineering. Munk soon embarked on what would Continue reading