The announcement by Italy’s Rosetti Marino Group that it is going to start building superyachts at its yard in Ravenna has raised curiosity in the superyacht market.

Following a visit to the yard, IBI has been given an insight into just how serious Rosetti Superyachts (RSY) is about supporting and developing the new division of the group. Work on the project started in April and since then a major input has been made into designing the yacht models and planning the shipyard.

RSY was formed on June 30 but no announcement about the new venture was made until October. Fulvio Dodich, who has a long track record in the Italian yacht market with Ferretti and Sanlorenzo, was brought in to head up the operation. He in turn brought in Tommaso Spadolini to design the range of superyachts planned.

Supporting RSY will be a multimillion-euro investment by the Rosetti Marino Group (RMG) both to develop the range, modify the shipyard in Ravenna and market the brand worldwide. Last year RMG had revenues of €213m, which are expected to grow this year.

To handle sales, RSY has appointed Monte Carlo Boat Sales as its brand office in Monaco supported by a global network of representatives that currently takes in most of Europe (except the Netherlands), the Americas, the US, Mexico, Brazil, Columbia and Panama as well as Australia and Hong Kong. Further Asian representatives such as Thailand will follow.

Dodich told IBI: “Since we launched we have been talking with serious buyers right across out range of superyachts from 38m (125ft) to 85m (279ft). This will be our range and we will not go below 38m. Apart from the 38m and 85m, we will also have 48m, 65m, and 75m sizes.”

He indicated that among the 20 serious buyers there were four for the 38m, three for the 85m, two for the 48m and others still deciding about the 65m and 75m models.

The range planned by RSY will comprise supply yachts, shadow yachts, expedition/explorer yachts and luxury yachts. The first order, or orders, are expected to be placed in the next couple of months.

Formed in 1925, RMG has until now built highly technical offshore supply vessels, tugs and ferries. To date 119 vessels have been built mostly for clients in Italy. RMG is Italy’s second largest shipbuilder and part of its investment is going into upgrading a specialist commercial shipyard to be able to build superyachts.

RSY will have the capacity to build yachts from 38m up to 150m (492ft) and the yard has two 100m x 25m x 14m build sheds. On these, new larger doors will be fitted in January. Also, RMG has applied for a licence to develop a new covered area of 240m x 40m at a cost of €10-12m. The yard has other facilities including warehouse and workshops, a 160m dry dock and a 1,200 strong workforce.