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About Ferretti
As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales. As a result, the Group had to restructure debt and its creditors, led by the Royal Bank of Scotland, converted a portion of their €1.2 billion debt into equity.
Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.
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The fourth hull of the Pershing GTX116 was launched in Fano on July 10. This new unit, designed for the US market, exemplifies a blend of elegance and sporty character, achieved through the collaboration of Ferretti Group’s Product Strategy Committee, yacht designer Fulvio De Simoni, and the Group’s Engineering Department.Measuring over 35 meters in length and 7.70 meters in beam, the GTX116 features a sleek, streamlined profile. The exterior showcases a hull in classic Pershing Monte Carlo grey, complemented by a unique superstructure shade derived from blending two different Pershing greys. The glossy black hardtop and radomes provide contrast, while extensive glazing allows natural light to flood the interiors, creating a seamless connection between indoor and outdoor spaces.The main deck's large salon includes a bar with four Poltrona Frau stools in steel and pecan-colored leather, and a centrally positioned couch in pale shades of grey and ivory. Two Minotti armchairs add to the refined decor. The galley and other areas maintain a consistent color palette, enhancing the overall design continuity. Customization is a key feature of the GTX116, with interiors tailored using several partner brands to ensure a comfortable living experience.The lower deck houses the owner’s cabin and four guest cabins, featuring glossy black detailing. The GTX116 is powered by three 2,000 HP MAN V12 2000 engines paired with three waterjets, delivering a top speed of 34 knots and a cruising speed of 29 knots.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credit: Ferretti Group
July 17, 2024
Cantiere del Pardo has released the first detailed images of the Grand Soleil 72 Long Cruise, a bluewater yacht designed for long-distance sailing. Captured by Fabio Taccola, the photos highlight the yacht's design, which was crafted by Matteo Polli with exterior and interior layout by Nauta Design.The Grand Soleil 72 Long Cruise, or LC, builds on the success of the Grand Soleil 72 Performance (P) model. It features a raised and extended deckhouse, providing additional saloon space and a deeper cockpit. The yacht's sleek lines and enhanced comfort are intended for safe maneuvering, even with a reduced crew. The onboard systems are designed to optimize resource management and minimize fuel consumption."The Grand Soleil 72 project was always meant to include an exceptional Long Cruise version," said Franco Corazza, project manager for Grand Soleil's over 60ft fleet. "Combining tradition and innovation, this yacht leverages our experience in advanced composites and the expertise of our Made in Italy partners."The LC version introduces a raised deckhouse, creating a 270-degree panoramic view from the 20-square-meter saloon. This area is divided between a large dining table for eight and a comfortable sofa to starboard. An offset companionway reconfigures the spacious cockpit to include a larger C-shaped sofa without sacrificing twin sunbeds at the aft end. This design allows for two distinct social areas: one on deck and one below.The raised deckhouse also provides technical advantages. By elevating the roof and floor slightly, additional space is created below deck for electrical and mechanical systems, freeing up room elsewhere on the yacht. Despite these modifications, the LC version adds no more than 500kg to the displacement.Naval architect Matteo Polli, known for optimizing race boats, designed the Grand Soleil 72LC. The hull is constructed using vacuum infusion in epoxy-based vinylester with glass/carbon fiber and recycled PVC foam core. This construction ensures high performance on long offshore passages, with speeds exceeding true wind speeds up to 10 knots. The yacht can reach over 14 knots on a broad reach and 20 knots under optimal conditions.The Grand Soleil 72LC is equipped with a powerful sailplan, including options for a fat-head main, furling gennaker, Code sail, and staysail. Sail handling is facilitated by a self-tacking jib and large electric winches, with controls accessible from the twin helm stations.Nauta Design, renowned for its work with Grand Soleil, crafted the yacht's interior to maximize space and comfort. The saloon offers expansive views through deckhouse windows and skylights. The design includes intelligent storage solutions and complete amenities, with two possible galley configurations and a master cabin forward for privacy and natural light.Guest accommodations include two large cabins configurable as doubles or twins, each with ensuite options. The captain's cabin can be used as a fourth guest room or dedicated crew space.The interior features high-quality upholstery, fine woods, and stainless steel detailing in three palette options: warm teak, dark walnut, or limed oak. This creates a contemporary and welcoming space."Our owners are passionate about the entire journey, from design and construction to delivery," said Corazza. "They appreciate the expertise of our team, many of whom are professional sailors providing unparalleled advice."Cantiere del Pardo was founded in 1973 in Italy. Pardo Yachts, the brand of Cantiere del Pardo dedicated to powerboats, was born in 2016. The first model, the Pardo 43, was launched in 2017. Grand Soleil was founded in 1973 and is famous for its yachts, which ensure performance for regattas, autonomous long-distance navigation, as well as a high level of sustainable consciousness.Credits: Fabio Taccola/Cantiere del Pardo
July 17, 2024
Enata, a leader in marine technology, has formed a strategic partnership with Team Blue Rising for the UIM E1 World Championship. This collaboration aims to enhance Team Blue Rising's performance with Enata's technical expertise.Team Blue Rising, co-owned by cricket star Virat Kohli and sports-tech entrepreneur Adi K Mishra, has shown strong early-season performances. Enata, recognized for its innovations in marine and aviation technology, will serve as the team's Technical Partner. Notable projects like The Foiler, the world’s first private flying yacht, highlight Enata’s capabilities in advancing marine performance through sustainable technology.Aloïs Vieujot, CEO of Enata, stated, “Our partnership with Team Blue Rising reflects a mutual commitment to innovation and advanced engineering in the boating industry. We aim to set new standards for performance and sustainability in the championship.”Adi K Mishra, co-owner of Team Blue Rising, emphasized the importance of this collaboration: “Enata's expertise in advanced marine technologies, particularly hydrofoils, aligns with our strategic goals to enhance speed, efficiency, and sustainability in race boating.”Team Blue Rising is part of a high-profile roster in the UIM E1 World Championship, featuring teams owned by global icons like Rafael Nadal, Tom Brady, Sergio Perez, Didier Drogba, and Steve Aoki. As the world’s first all-electric raceboat championship, the UIM E1 World Championship is dedicated to technological advancement and sustainability in sports, making it an ideal platform for this innovative partnership.The Enata Group is the international manufacturing group headquartered in United Arab Emirates, and the builder of the flying 9.8-meter carbon Foiler. The group’s primary businesses include three main areas of R&D and manufacturing: marine, aerospace and architecture. Credits: Team Blue Rising/Enata Group
July 17, 2024
Pearl Yachts will make its first appearance at the Sydney International Boat Show from August 1 to August 4, 2024. This event at Darling Harbour Marina marks a key step in the company’s global expansion efforts. In collaboration with local dealer Premier Marine, Pearl Yachts will showcase the Pearl 62, their flagship model, to the Australian market.The Pearl 62, known for its innovative design and luxurious features, will be on display for the first time in Australia since its arrival last November. This 18.6-meter yacht offers accommodations for eight guests across four cabins, including a full-beam owner’s suite with a private entrance. The layout also includes an aft galley that opens to the cockpit, an expansive flybridge, and a foredeck lounge. Additionally, the Pearl 62 features Volvo IPS pod drive propulsion with joystick control and station-keeping functions, enhancing maneuverability.Iain Smallridge, Managing Director of Pearl Yachts, remarked, “Exhibiting the Pearl 62 at the Sydney International Boat Show underscores our commitment to the Australian market and reinforces our position as a leading yacht builder.”Steve Hannes, Managing Director of Premier Marine Australia, stated, “We are pleased to partner with Pearl Yachts for this event. The Pearl 62 epitomizes luxury and innovation, and we are eager to introduce it to the Australian audience.”Pearl Yachts was founded in 1998 and has now become one of the UK’s most prominent shipyards. Every Pearl motor yacht is designed and built by experienced craftsmen. Pearl’s fleet consists of the new Pearl 62, the Pearl 80 and the Pearl 95. All newly launched Pearl Yachts are covered by a unique, comprehensive five-year warranty program.Credits: Pearl Yachts
July 16, 2024
UK-based expedition yacht builder Archipelago Yachts has expanded its presence in the United States by partnering with Expedition Yacht Experts, formerly known as Seaton Yachts, located in Newport, Rhode Island.This new dealership marks Archipelago Yachts' second in the US, following their initial partnership with Oaksmith Yachts in the Pacific Northwest earlier this year. The collaboration with Expedition Yacht Experts, led by John Clayman, aims to broaden the reach of Archipelago’s power catamarans in the American market.80 ExtremeJohn Clayman, president of Expedition Yacht Experts, brings extensive experience with over 100,000 offshore miles on both sailing vessels and expedition-style powerboats. His expertise in metal boats and commitment to high-quality vessels align with Archipelago Yachts’ standards.“Providing high-quality vessels for our customers is crucial to what we do,” says Clayman. “Archipelago Yachts is a perfect addition to our offerings, and I’m excited to showcase their innovative models to our clients.”Archipelago 47Clayman and his team have been specializing in the design, construction, and sales of seagoing sail and motor yachts since 2005. The rebranding to Expedition Yacht Experts reflects the variety of vessels and services they provide, encompassing several leading boat brands in the Americas.Archipelago Yachts' models, including the 40, 47, 52, and 63, will now be available through Expedition Yacht Experts.Stephen Weatherley, founder of Archipelago Yachts, expressed his enthusiasm about the partnership. “Welcoming Expedition Yacht Experts to our dealership network is a pleasure. Their professionalism and customer care align perfectly with Archipelago’s ethos. We look forward to introducing our innovative range to new US clients.”Credits: Archipelago Yachts
July 16, 2024
