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Superyacht Builder Sanlorenzo in Talks to Buy a Majority Stake in Perini Navi

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Superyacht builder Sanlorenzo has confirmed interest in the possible acquisition of Perini Navi.
Perini Navi Italian Shipyard
Italian shipyard Perini Navi in talks with Sanlorenzo. Credit: Perini Navi

Sanlorenzo has confirmed they are in current talks regarding the acquisition of share capital of Perini Navi and has obtained an exclusivity period to carry out the necessary research and analysis required.

Founded in 1983 by Fabio Perini, Perini Navi has been a world-leading Italian shipyard that specializes in sailing boats over 40 meters, boasting iconic builds like that of the Maltese Falcon. It is currently owned by Fenix, the holding company of the Tabacchi family, Lamberto Tacoli, and Fabio Perini (indirectly).

Sailboat builder Perini Navi to be acquired by Sanlorenzo
Building sailing yachts since 1983. Credit: Perini Navi

Should the negotiations go ahead, Perini Navi will likely be majority-owned by Sanlorenzo with Italian newspaper Milano Finanza reporting a probable 70% controlling stake taken by Sanlorenzo and the remainder being held by the Tabacchi family.

“The transaction would be in line with the Sanlorenzo business model … and would enable Sanlorenzo to expand its business perimeter and further consolidate its presence in the superyacht sector,” Sanlorenzo said in a statement.

Perini Navi E-Volution sailing yacht design
Perini Navi’s sailing yacht concept “E-Volution”. Credit: Perini Navi

In a separate statement by Perini Navi, the company confirmed it was looking to restructure its debt under Italian bankruptcy law, in order to remain operational at this time stating the goal is to “overcome a moment of significant financial strain, which has been further exacerbated by the COVID-19 outbreak and its impact over all markets.”

Perini Navi’s Board of Directors “intends to preserve the Company’s business and heritage, thus ensuring continuity to the important orders currently in build, as well as achieving the highest possible level of creditors’ satisfaction, in compliance with the process to be undertaken.”

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Superyachts & Marine

Monaco Yacht Show 2020 Is Still On and Will Run as a Not-for-Profit Event

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Organizers of the Monaco Yacht Show 2020 are pushing forward with plans to host the show at Port Hercule from 23 to 29 September this year, but under much different circumstances than previous years.
Monaco Yacht Show Port Hercule
Port Hercule ready to welcome superyachts and guests. Credit: Monaco Yacht Show

Undoubtedly the jewel in the crown of yacht shows, the fate of Monaco Yacht Show 2020 was temporarily undetermined as event organizers Informa decided how to proceed amidst the COVID-19 environment.

In contrast to many other events that have now been canceled, Informa in conjunction with the Principality of Monaco, has chosen to proceed cautiously given the time-frame they have to work with and the expected gradual easing of lockdown restrictions both in Monaco, Europe and internationally.

Held at Port Hercule in Monaco, this year’s show will be more “intimate” than in previous years (also interpreted as much smaller) and will be produced as a not-for-profit event to support the recovery of the yachting industry, providing a platform for designers, brokers, shipyards and industry personnel to connect with customers and network in a safe environment.

“The COVID-19 pandemic has had a devastating impact on all industries, not least the international yachting community,” said Informa CEO Charlie McCurdy. “As we move to the other side of the pandemic, all parts of the industry need to work collaboratively to ensure a speedy return and recovery. We are playing our part by hosting a not-for-profit Monaco Yacht Show in 2020, providing an opportunity for the community to come together, share ideas, meet with customers and start to rebuild positive momentum.”

Acknowledging the changed conditions under which the show will need to be held, Informa was quick to stress “the proposed event will employ the highest standards of hygiene and cleanliness” and are committed to prioritizing the safety of participants and visitors.

Monaco Yacht Show Lounge
Guest lounge at the Monaco Yacht Show in previous years. Credit: Monaco Yacht Show

In support of the in-person event Jean Castellini, Minister of Finance and Economy for Monaco shared, “In the aftermath of COVID-19, it is the responsibility of the Monaco Government to do everything we can to help businesses and industries recover quickly. In this spirit, we are working with Informa to finalise details of the Monaco Yacht Show 2020, which will prioritize the health and safety of all participants, whilst providing direct support to the international yachting community, ensuring it can connect with customers and accelerate the recovery of what is an increasingly important industry for the region.”

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Superyachts & Marine

Heesen Yacht’s 55m Project Castor Launched Ahead of Sea Trials

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Heesen Yachts launches 55m Project Castor “YN 19055” ready for its sea trials ahead of August 2020 delivery to the owner.
Waiting for the dock to be flooded.
Waiting for the dock to be flooded. Credit: Heesen yachts

Launched this month at Heesen Yacht‘s Dutch facility in Oss ahead of its sea trials, the 55 meter (180ft) Project Castor “YN 19055” was initially built on speculation and sold to an experienced American superyacht owner last May.

Following Dutch health and safety guidelines, workers at the shipyard were able to continue with operations throughout the COVID-19 pandemic by halving the number of employees working at any one time and working in two shifts to ensure delivery of the yacht would still be on schedule.

Commenting on the shipyard’s operations, Owners Representative Rupert Connor of Luxury Yacht Group noted, “We have been beyond impressed with how the Heesen team adapted to the COVID-19 pandemic.”

At 760GT, Project Castor is the most voluminous 55m currently offered by a Northern European shipyard and the fast-displacement hull designed by Van Oossanen Naval Architects is the fourth hull in Heesen’s 55m Steel Class series.

The formidable exterior of Project Castor designed by Omega Architects.
The formidable exterior of Project Castor designed by Omega Architects. Credit: Heesen Yachts

With a sporty exterior design courtesy of Omega Architects’ Frank Laupman, Project Castor has been built to accommodate twelve guests in six staterooms and in a first for this particular class, has been configured with four spacious guest cabins on the lower deck and the owner’s VIP suite located on the bridge deck.

Bannenberg & Rowell has once again been tasked with the interior design and have layered neutral tones combined with powerful accents of color to create an environment that has wide appeal. Smoked Oak Chevron parquet flooring, Calacatta, and Pietra Grey marbles have also been are utilized throughout along with other fine materials.

Project Castor YN 19055 ready for sea trials
Project Castor YN 19055 ready for sea trials. Credit: Heesen Yachts

Powered by two MTU 8V 4000 M63 diesel main engines, Project Castor will have a top speed of 15.5 knots and a range of 4,500 nautical miles at a cruising speed of 13 knots and is set to undergo sea trials in the North Sea shortly.

Project Castor is currently on schedule for delivery to the new owner later this year in August 2020.

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Superyachts & Marine

Triton Submarines Reveals New DeepView 24 For Luxury Hotels

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Triton Submarines first DeepView 24-person tourism submersible has completed sea trials and will be delivered to Vinpearl Resorts later this year.
Triton DeepView 24 Submarine for Vinpearl luxury resorts
Ready to search the ocean floors. Credit: Triton Submarines

Since 2007, Triton Submarines have been creating personal submersibles allowing private explorers and superyacht owners alike, the opportunity to explore the outer limits of the deepest parts of the ocean.

Now with the release of the Triton DeepView range, guests at Vinpearl Resorts in Vietnam will also be able to experience the wonders of the deep sea courtesy of their latest purchase – a new Triton DeepView 24 submersible.

Triton DeepView 24 Submarine Luxury Interior
Room for 24 passengers and a pilot. Credit: Triton Submarines

Triton’s new DeepView range is perfectly suited for tourism submersibles thanks to its modular design that can be configured specifically for use as tourism submersibles. Using acrylic sections that seat 6 passengers each, the Triton DeepView can be extended based on individual requirements of each client and configured to carry between 12 and 66 passengers guests in airconditioned comfort.

Reaching depths of 328ft (100m) and featuring floor-to-ceiling acrylic windows, the DeepView offers a hugely vast underwater panoramic view of the ocean wildlife unlikely any previously seen in traditional underwater tourism submersibles and can remain underwater for up to 12 hours at a time.

Triton DeepView 24 Submarine can be configured to fit up to 66 passengers
Triton Submarines DeepView 24 “Vinpearl”. Credit: Triton Submarines

Commenting on their latest model Bruce Jones, Co-Founder and CEO of Triton Submarines said, “The Triton DeepView 24 with its panoramic view represents a quantum leap forward in submarine technology, providing a vastly improved, fully-immersive guest experience. Of the near 60 tourist subs that have operated in the last 34 years, the DeepView 24 is competitively superior in all respects.”

Triton DeepView 24 Submersible for tourism
The DeepView 24 is capable of reaching depths of 328ft. Credit: Triton Submarines

Having now completed its sea-trials, the latest Triton DeepView 24, “Vinpearl” will shortly be en route to Vietnam for training with staff and is hoping to be operational and taking bookings for guest experiences off Hon Tre Island in Nha Trang by December 2020.

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