Italian brand ISA Yachts has submitted notice to trade union and court authorities that it is seeking agreement with creditors. The procedure is designed to stave off insolvency by paying suppliers and subcontractors only a portion of what is owed to them. A local Italian newspaper has reported that 106 jobs are at risk and…
The 47m Majesty 155, the largest superyacht built from the Dubai-based shipyard has been launched. Representing a leap forward in engineering, design and workmanship, the Majesty line adds to Gulf Craft’s current range of vessels that include Nomad Yachts, Oryx and Silvercraft. Majesty superyachts are will target customers looking for a greater capacity to entertain,…
German shipyard Lürssen has launched Orchid, its latest superyacht project, 29 months after her keel was laid in 2012 and 19 months following her technical launch in 2013. The broker has coordinated the project since its inception, working closely with the shipyard and the owner’s technical teams. Reymond Langton Design crafted both interior and exterior…
Dutch shipyards Oceanco and Vitters have announced the launch of Aquijo. The 85m aluminum ketch, the outcome of a successful collaboration between the two shipyards, features design by Tripp Design Naval Architects. Oceanco and Vitters worked closely through all stages of this custom project. The yard’s teams, in cooperation with the naval architect, the owners…
The second superyacht in Overmarine Group’s Mangusta 110 series has been launched. As one of the Maxi Open Mangusta models, her notable characteristics include sporty external lines and several new aesthetic and structural features, such as a sundeck that can house a second helm station, large side window at the height of the owner’s area,…
Italian businessman Beniamino Gavio, whose Argo Finanziaria has signed a letter of intent to buy the beleaguered Bertram Yachts, is still trying to decide how to revive the sportfishing brand. Gavio has stated that he plans to buy Bertram, which shuttered its Merritt Island, FL, plant last summer, along with whatever molds it makes sense…
Italian shipbuilder Riva has announced that its Riva 76 Coupe is now under build at the Ferretti Group in Las Spezia. At 22.98 meters in length, the first Riva 76 will have silver metallic painted hull. She will also have 40 square meters of glazed surfaces that will give her a sporty and slender profile…
Just as much of the world is obsessed with size, superyachts continue to grow in size and quality each year. The new generation of owners continually builders to push the envelop with the latest technologies on the market. Although motor yachts represent the world’s largest private yachts, sailing yachts can often reach an impressive overall…
Adam Vorhees’ latest superyacht concept is a 100m yacht inspired by the casual luxury of California along with Hollywood glamor. Guests will find accommodations over five spacious rooms that include an owner’s suite, one VIP suite and three guest cabins. The superyacht’s fast, low platform is a juxtaposition of heritage and modern form languages with…
The Columbian newspaper in Vancouver, WA, has reported that all or most of the assets of Christensen Shipyards will most likely be sold to Henry Luken, the Tennessee businessman who owns 50 percent of the trouble shipyard. Court documents have indicated that a deal between the receiver, Miles Stover, and Luken may enable the shipyard…