Ferretti Group’s board of directors has officially named Stassi Anastassov as chief executive officer, with immediate effect. The appointment caps a contentious, months-long boardroom battle for control of the luxury Italian shipbuilder. In January 2026, Czech investor KKCG launched a voluntary partial tender offer to increase its stake, a move that eventually escalated by May […]
“I was asked if I was a diversity hire, despite graduating top of my class.” Two marine technology professionals discuss career trajectories, engineering excellence, mentorship, and why visibility is the key to normalisation. Jess Moss, mechanical design engineer, RAD Propulsion Jess Moss joined electric propulsion specialist RAD Propulsion in early 2026. Working in one of […]
The global maritime sector is today marking the International Day for Women in Maritime under the theme ‘From Policy to Practice: Advancing Gender Equality for Maritime Excellence’. Established by the International Maritime Organization (IM0), this year focuses on advancing gender equality at every level of the maritime industry, both on shore and at sea. Speaking […]
Small and medium-sized enterprise (SMEs) marine businesses are building flexible workforce networks centred on apprenticeships, subcontractor partnerships and multi-skilled training, says Fiona Pascoe, creative designer, from Maritime Yacht Services. The company provides comprehensive refit, repair and maintenance for yachts, tenders and motorboats up to 24-metres, specialising in boat restoration, surface repairs and protective coatings. For […]
International online boat marketplace Rightboat has formed a strategic partnership with YachtOne, an AI-powered brokerage operating platform to help streamline digital workflows for boat dealers and brokers. The collaboration aims to solve the industry-wide issue of fragmented digital operations, where websites, inventory feeds, and lead sources often sit in silos. By connecting Rightboat’s global marketplace reach […]
Oyster Yachts is preparing to end production activity at its Southampton Saxon Wharf facility by the end of 2026, marking one of the biggest strategic shifts in the luxury yacht builder’s modern history as it consolidates manufacturing around its Norfolk operations. The luxury yacht builder says owners and boats currently in build will not be […]
Sunseeker has agreed to pay a fine of $200,000, and to implement a compliance plan, among other penalties, says the Department of Justice (DoJ) after admitting to using illegally obtained Burmese teak on yachts imported into the USA. The firm is due to be formally sentenced on 20 August. According to the DoJ, Sunseeker pleaded […]
Shareholders at Italian yacht builder Ferretti Group have backed China’s Weichai Group, and confirmed the departure of CEO Alberto Galassi after 12 years in the role. The vote, which took place during the ordinary shareholders’ meeting in Milan on 14 May, saw more than 52 per cent of votes cast in support of the Weichai-backed […]
A significant consolidation is reshaping the synthetic decking sector as Flexiteek International brings its Danish distributor, Flexiteek Denmark, directly into the group. The move tightens an already long-standing relationship and signals a more unified global strategy aimed at scaling production, installation capability and OEM support across key marine markets. Flexiteek Denmark now joins established operations […]
“People have forgotten what a boat should feel like,” says SE Yachts director Simon Rosier. For him, a shift towards performance-led boating sits at the centre of a wider debate about the future direction of premium boating, as some builders continue prioritising interior volume and marina living, while others focus on seakeeping, efficiency and onboard […]
French boat support and cradling manufacturer Nautipark says its first appearance at Seawork this June is part of a wider move to build direct relationships with professional customers in the UK and Ireland at a time when many operators are planning investment decisions for the final quarter of the year. “Seawork will be our first […]