Giovanni Costantino, CEO of The Italian Sea Group and GC Holding, has filed a criminal complaint acting both in his personal capacity and as legal representative of the companies, alleging financial collusion and mismanagement. The news comes a week after the Italian boatbuilder launched a forensic financial investigation into ‘unauthorised’ overspending. News of the investigations […]
Ferretti International Holding (FIH), the holding company owned by Ferretti Group’s controlling shareholder Weichai Group, has issued a statement rejecting ‘recent media and analyst speculation’ concerning Weichai’s role in the yacht builder’s strategy and governance. The comments follow a series of conflicts between Ferretti’s major shareholders in recent months. In January 2026, KKCG Maritime – […]
Marco Fortis, vice president of the Edison Foundation, has provided insights into the Italian nautical industry and its role in the national economy during the presentation of The Nautical Industry: Numbers, Markets, and Territories: Market Data and Territorial Analysis of the Supply Chain, organised by Confindustria Nautica with the scientific support of the foundation. His […]
British Marine Scotland has published Giant Opportunities (2026-2030), a strategic framework outlining priorities for Scotland’s marine tourism sector over the next five years. The document follows earlier strategies aimed at expanding the sector’s economic contribution and supporting coastal communities. The framework builds on Awakening the Giant (2015) and Giant Strides (2020-2025), initiatives intended to encourage […]
YARE 2026 – Yachting Aftersales & Refit Experience – has opened its doors in Tuscany, Italy. The 15th edition of the annual gathering, running this year from 11-13 March 2026, is bringing together companies and international captains from the refit and aftersales sector. YARE ‘State of the Industry’ report The event includes the presentation of […]
Turkish shipyard Numarine has announced a significant technological upgrade for its first-of-series 27XP explorer yacht, set to debut this May. Developed in partnership with marine technology specialist Sleipner, the new Mk2 Super Silent Pack centres on its Hybrid Power Centre. The new system is a fully integrated 48-volt DC architecture that, the shipyard says, delivers […]
New data from the US Department of Commerce’s Bureau of Economic Analysis (BEA) indicate that recreational boating and fishing represent the largest component of the country’s outdoor recreation economy. According to the BEA’s latest Outdoor Recreation Economic Statistics, the wider outdoor recreation sector generated $1.3tn in economic output in 2024. The activity supported 5.2m jobs […]
Sanlorenzo has reported financial results for the year ended 31 December 2025, with net revenues from the sale of new yachts reaching €960.4m. The figure represents a 3.2 per cent increase compared with €930.4m in 2024. Group net profit reached €107.4m, up 4.2 per cent year on year. Earnings before interest, taxes, depreciation and amortisation […]
Content from this article was originally published in MIN’s Seaquip special edition under the title: Measured growth to replace the boom (and printed prior to the latest political upheaval). International markets continue to drive growth and define Italy’s global standing, while a relatively stable domestic base – broadly in line with wider European conditions – […]
As the Italian sailing startup Easysea enters the final week of its crowdfunding campaign, the firm has already raised more than €770,000 from investors and its global sailing community. Hosted on MamaCrowd, the round targets up to €1.15m at a €5m pre-money valuation and is approaching the €1m milestone as the campaign enters its final […]
Boero Yacht Coatings, the professional yacht and superyacht coating manufacturer and brand of Gruppo Boero’s yachting division, has become the technical partner of Ferrari Hypersail. The Ferrari Hypersail project centres around a monohull designed for offshore endurance races, in which every component is developed as part of an integrated system. Boero Yacht Coatings is providing […]