All Italy articles – Page 59
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NewsFerretti forecasts continued growth
Wally acquisition to boost group’s financial strength and performance
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NewsFerretti acquires Wally brand
After months of negotiations, Italy’s Ferretti Group today announced that it has acquired the Wally yacht brand through an exclusive license agreement. The news will be officially presented at the start of boot Düsseldorf, which opens this weekend.
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NewsPerotti returns Sanlorenzo to full Italian ownership
The pace of development at Italian superyacht-builder Sanlorenzo has been a challenge to keep up with over the past few years. From the group’s latest news, it appears that the pace will not slow in 2019, as chairman and CEO Massimo Perotti highlights share buybacks, ongoing plans for new SL ...
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NewsGlobal superyacht market starts year on strong footing
Deliveries, launches and keel-layings all feature in what measures up to be a flurry of activity at superyacht yards at the end of 2018 and start of 2019. The latest project news comes from Brazil, Italy and particularly the Netherlands.
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NewsCustom Line ends record year with two SY launches
Two new Custom Line yachts have launched in the same week at Ferretti’s superyacht yard in Ancona, Italy – Maria Theresa, the sixth Custom Line Navetta 33, and Dilly Dally, the sixth Custom Line Navetta 37.
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NewsFerretti Group sees deliveries and orders climb
Italian builder claims current production value of over 650 million euros
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Lenco Marine appoints Italian distributor
Lenco Marine, US manufacturer of trim tabs, actuators, hatch lifts and other accessorie, has appointed Osculati Srl to serve as its exclusive distributor in Italy.
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MCY wins ‘100 Italian Excellences’ award
Monte Carlo Yachts (MCY) has received a ‘100 Italian Excellences’ award for its achievements in the nautical sector.
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NewsHull No 6 of OTAM 80HT sold
Italian boatbuilder OTAM has announced the sale of Hull No 6 in the OTAM 80HT series. Attitude is currently in build at the yard’s facility in Genoa and is due for delivery to its new owner in April 2020.
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NewsNew ownership for bankrupt Italian yards
Two Italian yacht-builders that have both been in a bankrupt state have recently been acquired by new owners. The two businesses are Cantieri di Pisa and the Privilege superyacht yard located at Civitavecchia, near Rome. The latter also included an uncompleted shell of the 127m (416ft) Project One.
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EU investigates tax avoidance in Italian, Isle of Man yacht sectors
The European Commission has announced it is implementing infringement proceedings on tax breaks applied in the yacht and aircraft sectors in Italy and the Isle of Man. The procedure is related to the investigations of last year’s so-called Paradise Papers leaks which revealed widespread value-added tax (VAT) evasion in the ...
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NewsMondomarine sold
Palumbo Superyachts, the yachting division of Italy’s Palumbo Group, has acquired Italian refit and repair yard Mondomarine for an undisclosed sum.
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NewsCRN unveils new series of explorer yachts
Italian shipyard CRN has unveiled the AlfaRosso concept, a new series of explorer yachts designed by Francesco Paszkowski Design. The yachts will be available in three lengths – 45m, 50m and 55m – with a gross tonnage from 499GT for the 45m model.
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Market Overview | Italy
The mood at Genoa in September said it all. The Italian market was back with a bang. Since 2015 domestic builders have had to make the most of rising export markets as they clawed their way back into the profit, but as the favourable economic tide ...
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NewsColombian dealer opens Azimut showroom
Elite Yachts' Cartagena showroom is exclusively devoted to Italian brand
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Deloitte report: Italian boatbuilders forecasting 13% gain for 2017 as part of higher global growth
The study expects 11% global growth of new-boat sales in 2017
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Italian market on the rebound as domestic buyers return
Domestic and foreign turnover increased considerably in 2016
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Headline Financials: Ferretti - Updated
Italy’s Ferretti Group is in the midst of a significant financial turnaround, expecting to achieve profitability in 2017 for the first time since the global recession took hold. The Group reported a 25% improvement in turnover for 2015 reaching €413 million, up from €329 million the previous year. It ...
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Market overview | Italy
According to data provided by trade association UCINA, the Italian boating sector has been growing significantly for several years, from its low point in 2009. In 2014 a turnover of $1.47bn for boat construction and refitting was recorded, while accessories were worth $780m and engines accounted for $25m. In 2015 ...
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ArticleMV Marine presents three lightweight tenders
Italian RIB manufacturer MV Marine is showcasing three new models at the Cannes Yachting Festival 2016.
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