Ferretti Group News

Industry veteran Marco Santoro has taken the helm as chief executive officer at Miami yacht repair yard RMK Merrill-Stevens.A naval architect and marine engineer, Santoro began his career in yachting as part of the technical department at Italy's Rodriquez Yachts. In 2003, he joined Italian yacht builder the Ferretti Group as an intern in the after sales and service department, and over the course of 20 years worked his way up through a number of leadership roles, culminating as the company's vice president of refit and retail works. “My journey in this company was amazing.

The Italian Sea Group said on Wednesday it had bought bankrupt luxury yacht maker Perini Navi for 80 million euros ($91 million) in an auction held by a court in Lucca, Tuscany.Italian yacht makers Ferretti Group and SanLorenzo had also offered to buy the luxury sailing brand Perini Navi, which was declared bankrupt in January.The Italian Sea Group said in a statement that the deal, funded with most of the proceeds of its IPO and through bank financing, will double its order intake for refits and lead to new contracts for the construction of 90-130 metre motor yachts.($1 = 0.8835 euros)(Report

Italian yacht manufacturer Ferretti Group said that its brand Custom Line has achieved its goal of 14 launches in 2019 and of the sale of two Navetta 33s in December alone.Three new launches were held during the last three months at the Ferretti Group’s Superyacht Yard in Ancona: Custom Line 106’ was launched on 28 October, a Navetta 42 on 3 December, and a Navetta 28 took to the water on 12 December.These latest débuts show once again the tremendous commercial success of 28-42 metre Custom Line vessels, the leaders in comfort, technology and design. As many as 14 Custom Line yachts were launched in 2019 at the Ferretti Group Superyacht Yard…

The Ferretti Group announced that it has gained new orders worth $510.1 million (465 million euros) during the first nine months of the year, up 18 percent compared to the same period in 2018.The Italian boatbuilder said in a press statement that its Wally brand helped increase its order book. It also signed contracts for 16 coastal patrol boats in its Ferretti Security Division."These positive results have benefited from the launch of five new models under our Riva, Pershing, Ferretti Yachts and Custom Line brands, as well as from the relaunch of the Wally brand, which we acquired in April this year. In particular, our first serial model under the Wally brand…

Italian motor yacht maker Sanlorenzo aims to list on the Milan Stock Exchange at about the same time as the rival Ferretti Group, with an initial public offering (IPO) expected to be launched as early as the second half of October, two people familiar with the matter said on Wednesday.The group is controlled by Italian entrepreneur Massimo Perotti through a family holding which bought back shares from third party investors in the recent years.The group plans to issue a mix of existing and new shares, targeting a free float of about 35%, one of the sources added.Sanlorenzo has picked Unicredit, Banca Imi and Bofa Merrill Lynch as global coordinators for its IPO.

Italian multinational shipbuilding company Ferretti Group expands its presence in Europe and announces a new dealership agreement with W / Yachts, that will dedicate itself to the exclusive marketing of Pershing and Ferretti Yachts brands in Poland.The partnership will allow the Group to further consolidate the coverage of the assistance network in Eastern Europe, guaranteeing a full service to the shipowners of the region, starting from the order time to the post-sales.“This agreement is another important step in our ambitious process of strengthening and expanding our business. We have decided to rely on a highly experienced nautical broker…

The new flagship, named “Race” by its owner, took to the seas in a ceremony at the Riva Superyachts Division shipyard in Ancona."Riva 50 mt realises the dream of Carlo Riva who, in the 1960s and ‘70s, driven by his brilliantly ambitious desire to exceed every limit, created the famous Caravelle and Atlantic series steel motor yachts of which Riva 50 mt is the worthy heir, with her peerless standards of aesthetics, style and innovation," said press release.At 50 meters long and with a maximum beam of 9 meters, she offers an outstanding experience at sea, featuring comfort, elegance, care over detail and exceptional yacht building expertise.

Part of the Ferretti Group of luxury yacht brands, superyacht builder CRN has launched the M/Y 135, the new fully custom steel and aluminium megayacht.Over a thousand people were there to witness the occasion at an elegant private ceremony, where the majestic personality of this magnificent ship took centre stage, to the delight of all who have worked to design and build her, claimed a press release.The yacht is 79 metres long and with a beam of 13.50 metres. "Her sleek lines catch the eye, crisply emphasized by the smooth profile of her hull. She is the fruit of another successful collaboration between CRN and the architects Zuccon International Project…

Pershing has announced the launch of its first aluminium superyacht, the flagship Pershing 140.The 42.53m yacht hit the water in the Ferretti Group's Super Yacht Yard in Ancona, a facility specializing in building steel and aluminium superyachts above 40 metres, said a press release from Pershing Yacht, a Ferretti Group unit."Born from a collaboration between architect Fulvio De Simoni, the Ferretti Group Product Strategy Committee led by engineer Piero Ferrari, and the Group's Engineering Department, the new 140-footer (LOA 43,3m) is the first Pershing to be produced at the Ancona Superyacht Yard, a Ferretti Group facility specialized in building super and mega yachts above 40 m…

Ferretti Group, player in the international boating industry, Group aims to further strengthen its position with the start of a new partnership with Ocean 360.Ferretti considers the Middle East market as an excellent breeding ground for high-end motor yachts. Through this agreement, Ferretti wants to give a boost to the marketing of its boats and brands in the United Arab Emirates, Oman, and Egypt.The strategic move is destined to strengthen the Italian yachts producer’s position in the Middle East, by extending the customer’s experience of the luxury brand beyond the yachts, through integrated high-end services that cover all needs related to a lifestyle of indulgence at sea.Ocean 360 is the right partner to achieve this…

Fincantieri and Ferretti Group today announced they have signed a wide-ranging co-operation agreement , with the aim of developing industrial and commercial synergies between the world's two leading Italian companies in their respective sectors. The announcement was made during the show IDEX-NAVDEX of Abu Dhabi , one of the most important international exhibitions dedicated to the defense and security sector. The MoU refers to both the defense and security sector and to the yacht building. In both sectors the skills and expertise of the two great Italian groups are complementary and synergistic and understanding of collaboration opens up many possible scenarios.

CRN say they have signed  a Letter of Intent (LOI) with a Chinese client for a 68 metres superyacht, the biggest vessel ever sold by CRN and Ferretti Group in China. The historic Italian shipyard of Ancona, part of Ferretti Group, which specialises in the construction and sale of fully-customised displacement megayachts, ranging from 40 to 90 metres in length, will build the new vessel. The 68 metres in length and 12.50 metres in breadth megayacht, to be built of steel and aluminium, is designed by Zuccon International.

The Ferretti 570 wins award as  best motor yacht below 60 ft in length at the 2012 Xiamen International Boat Show. The prestigious Chinese Yachting Industry Award was awarded to the Ferretti 570, which was recognised as the Best Motor Yacht in the category below 60 feet in length. Moreover, Speedo Marine - the local dealer with whom the Ferretti Group displayed an Altura 840 during the Xiamen Show - was selected as the best dealer on the Chinese market. Moreover, Speedo Marine…

RINA updates GREEN PLUS notation to cover transhipment terminals. International classification society RINA has updated its industry-leading GREEN PLUS notation to include new potential sources of pollution involving seagoing ships and ships operating at fixed locations. GREEN PLUS is awarded to new vessels that make a significant investment in design solutions, onboard equipment and operational procedures which contribute to an improvement in environmental performance beyond the minimum levels required by regulation.

Moore Stephens Brokers Limited, a source of general insurance products tailored for Superyachts, has appointed Kathy Kennedy as its new executive vice president it was announced today. She will be based in the USA. A US based yachting industry veteran, Kathy most recently worked with the Ferretti Group on North American market development and with Derecktor Shipyards as director of marketing during the M/Y CAKEWALK build. - jewellery.

A planning boat that is light, fast and economical, yet has the usable deck area of a boat twice it’s size and the stability of a trimaran! Sounds too good to be true, well that was my initial reaction until I attended the Press launch in Italy of the “transformer” Wider 42. I call it transformer because that’s what it does. It can plane at speeds over 50 knots and when it stops, by pressing a button, in 12 secs it transforms the cockpit deck into an are twice its size. To ensure stability, two sponsons, one each side slide out from the hull to increase stability.