Yacht Industry News

Derecktor’s Capabilities demonstrated during the American Superyacht Forum

During the American Superyacht Forum held this  year 23rd – 26th of May in Newport, Rhode Island, a roadtrip was organised to visit the Bridgeport based […]

Stagecoach Founder Brian Souter Invests £9.5m into Sunseeker

Stagecoach founder Brian Souter invests £9.5m into Sunseeker,  a significant minority stake in the luxury motor yacht manufacturer Sunseeker International. A spokesman for Souter yesterday highlighted […]

New procedure about the Harbour- Master formalities regarding arrival and departure from the Italian ports

As a result of the intensive collaboration activity with Federagenti (The Association of  Italian Shipping Agents  ) on the 18th May 2010, the General Management for Sea […]

Trinity House Yachting Cadetship – designed for anyone with a passion for working on board superyachts

UKSA, is offering four young people the chance of a lifetime to gain a place on the Trinity House Yachting Cadetship. Starting this autumn, successful applicants […]

Business as usual at Drettmann’s despite the insolvency

Drettmann GmbH opened Insolvency proceedings on the 25th of May 2010. According to the company’s management this step was necessary, because restructuring talks with house banks […]

Princess Yachts report increased turnover and strong profits

Princess Yachts have announced very positive results for the year ended 31 December 2009, despite continued uncertainty in global economic conditions.

Princess yachts have reported an increased turnover of £213.8 million, up 3% from the previous year, driven by the continued investment in new product development and the establishment of new markets.

Construction Begins on Porto Arsenal a New Superyacht Marina in Northern Sardinia

The new Sardinia marina is to have dedicated superyacht moorings and berth and there will be residential, retail and commercial facilities. Marina on Porto Arsena also provides for maxi sailing yachts and racing yachts, a design hotel of 120 rooms and suites, a medical spa of 3,500 square meters, a shopping gallery of 8,000 square meters, an area of 105 residential apartments and a conference center of 1,700 square meters.

Sunseeker Yachts Bought by UK Private Equity Firm FL Partners for 25 million GBP

Dorset-based Sunseeker Yachts has already invested more than GBP40 million into expanding its manufacturing facilities and product range to deliver yachts of up to 40 meters, and it has plans to extend to 50-meter yachts.

Iridium NEXT Generation 72 satellite constellation Communications – $2.9 billion

“We are excited to be Iridium’s lead supplier in the design and build-out of the Iridium NEXT constellation,” said Reynald Seznec, CEO of Thales Alenia Space. “With our satellite design, Iridium will have a flexible platform for the delivery of existing and new services. As the prime contractor for Iridium NEXT, Thales Alenia Space is the undisputed leader in the design and manufacture of commercial low-earth orbiting (LEO) satellite communications systems. We will be supported by a broad consortium of world-class technical partners with extensive expertise in supporting critical missions of this scale and nature, and we expect 40 percent of the work for Iridium NEXT to be subcontracted to North America companies.”

Superyachts launched in May 2010

There have been a number of superyachts launched during May 2010. Here are the biggest and best yachts CharterWorld have featured throughout the month.

Managing Director of ICON Yachts B.V. Wim Koersvelt steps down from his post

Following the recent launch of the second ICON superyacht Florida  the company has released a statement in regards to changes in the management: “With the completion […]

Jen Wartena appointed as general manager by Icon Yachts

After the launch and delivery of the first Icon superyacht and with two motor yachts, yacht FLORIDA and yacht MIDLANDIA soon to be delivered, the Icon Yachts shareholders have appointed Jen Wartena as general manager in place of Wim Koersvelt. Wim Koersvelt is to remain with Icon as a consultant.

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