[Yacht News]

I was browsing through the Ferretti website and saw some info in the press release section for this month. It deals specifically with the Ferretti 592.

http://www.ferretti-yachts.com/_vti_...try_17_.sphtml

[AMG]

This is how she looks; http://www.ferretti-yachts.com/_vti_...t-sales.sphtml

[KCook]

Humm, low mast instead of a radar arch. Is this the newest trend in this size for Italy?

Kelly

[nilo]

Although I did not have the chance to see the new layout live, I do notice from the layout that Zuccon tried to overcome a short coming in the previous design. This short coming was that there were too many levels especially in the lower deck. I think by moving the seating area forward in the salon they have raised the head room especially in the master cabin and bathroom and have decreased the different levels. As far as I remember, in the previous layout there were 3 different levels alone in the master bathroom.

On the other hand, I have always thought that the aft door openning up was creating a very good connection between the aft deck and salon seating areas and keeping these two spaces as one. Now this is no longer available. Instead, having the galley next to aft deck may improve the service to the aft deck in the new layout.

[Yacht News]

Custom Line shows 97ft superyacht at the Abu Dhabi Yacht Show

On occasion of the second Abu Dhabi Yacht Show, Ferretti Custom Line – a Ferretti Group brand – further testifies its commitment to the Middle Eastern market, by displaying the Custom Line 97’, a perfect balance between onboard wellbeing and performance at sea.

“Our attendance at the Abu Dhabi Yacht Show confirms the importance both the brand and the entire Ferretti Group gives the United Arab Emirates,” declares Marco Segato, Brand Manager for Custom Line. “This Yacht Show has become a strategic hub, where nautical culture and a passion for excellence merge together, resulting in the most important, most influential event for maxi yachts in the whole of the Middle-Eastern area. We’re extremely proud to be taking part in this great international show, through our dealer SeaPros.”

The Ferretti Custom Line 97’ superyacht was developed by Studio Zuccon International Project and Advanced Yacht Technology (AYT) –the Ferretti Group design and research marine centre. Measuring 29.7 metres in length, her layout is both elegant and aggressive, and features design solutions which extend the space available to the owner without, however, renouncing to an excellent performance at sea. The luxury yacht is driven by twin MTU 16V 2000 M93 engines, which push the yacht to a top speed of 27 knots (at half load) and a cruise speed of 24.

http://www.customline-yacht.com

***

The owner of the new Custom Line 33 meter 'Ziacania' is Feretti Group founder
Norberto Feretti , who before owned a Navetta 26 and 30 ..

[Yacht News]

The Ferretti Custom Line 100' is called "Desta" for those who might have been wondering.

[Yacht News]

I guess by now you have heard of the take of of the Ferretti Group by the Shandong Heavy Industries Group. Below is the Press Release from the Ferretti Group.

- To Jointly Explore Global Luxury Yacht Market with Ferretti
- Ferretti Group will retain key management team, headquarters and production bases in Italy

Italy, January 10th, 2012 – Shandong Heavy Industry Group - Weichai Group (“SHIG—Weichai Group” or “the Group”) announced that it has reached agreements with the major creditors of the world's largest luxury yacht maker, the Italian company Ferretti Group ("Ferretti"), to acquire a controlling interest in Ferretti by participating in Ferretti’s debt restructuring.

Through a total investment of 374 million euros, including equity investment of 178 million euros and provision of debt financing of 196 million euros, SHIG-Weichai Group will acquire a 75% interest in the yacht maker after the completion of the debt restructuring procedures. Existing creditors will acquire the remaining 25% interest in Ferretti through a 25 million euros equity injection and debt to equity swap. Through the acquisition, Ferretti’s capital structure will be fully restructured with equity capital increase by 100 million euros and total debts reduce to a reasonable level at around 120 million euros. The business will enjoy a strong capital base which will help drive its long-term development plans.

Mr. Tan Xuguang, Chairman of SHIG—Weichai Group, said: "Developing the yacht business is one of the Group’s strategic goals for the next five years. Ferretti, which possesses iconic international brands, state-of-the-art manufacturing technologies, products of the highest quality and an extensive sales network, is an ideal partner. Through the acquisition, the Group will cooperate closely with this world-renowned yacht maker, providing Ferretti with new channels to market and capital support as well as other resources with which it can expand more effectively into emerging markets, a key area of potential growth for Ferretti. Synergies between the Group and Ferretti can be unleashed through the sharing of resources and industrial integration. Ferretti’s overall competitive advantages in production cost, sales channels, after-sales service and financial strength will be improved, creating a win-win situation that will allow Ferretti to consolidate its leading position in the luxury yacht market”.

Mr. Norberto Ferretti, Chairman and Founder of Ferretti Group - declared: “We are very proud of this agreement with a prestigious partner such as SHIG—Weichai Group. We are strongly convinced that this partnership will lead to very satisfactory results and will provide Ferretti Group with a strong capital base which will allow the development of long-term growth plans. Moreover China is one of the most rapidly developing countries for the yachting sector and has great potential for the coming 5 to 10 years”.
Ferretti, the world's largest luxury yacht manufacturer, boasts one of the world’s most advanced naval research and development centres (AYT – the Ferretti Group’s Advanced Yacht Technology) and a team of architects and designers (Centro Stile Ferrettigroup). It also has a comprehensive global supply chain, which includes more than 800 suppliers, as well as some of the world's most advanced yacht manufacturing systems. Ferretti has eight highly regarded and recognized yacht brands and owns a total of 8 shipyards in Italy as well as in Miami, USA, and employs nearly 2,000 employees.
SHIG—Weichai Group is one of the most competitive equipment manufacturing groups in China offering a broad range of high quality commercial vehicles, construction machinery and other heavy-duty industrial products. The Group operates four main divisions, namely commercial vehicles, construction machinery, power generation systems and auto parts. In addition to its solid market foundation in China, the Group has also been active in the overseas markets. In 2009, the Group acquired Moteurs Baudouin SA (“Baudouin”) in France through its subsidiary Weichai Power Co., Ltd. (“Weichai Power”), which has helped the Group expand into the international high-end yacht business. After the acquisition, Weichai Power invested an accumulated 30 million euros and implemented multiple measures to improve Baudouin’s businesses and operations. Several objectives were achieved including the expansion of production scale, the enhancement of its R&D capabilities, as well as the recruitment of local employees. The sales volume of Baudouin‘s engines increased from 74 units in 2009 to 352 units in 2011. The staff numbers rose from 120 in 2009 to 202 in 2011, playing a vital part in establishing Baudouin’s leading position in the marine power market.

Leveraging its ample resources, SHIG-Weichai aims to facilitate Ferretti‘s expansion in emerging markets such as Asia, with a particular focus on Greater China, which will be an important growth engine for Ferretti’s future development. In addition, the Group will provide a range of other resources including capital support to Ferretti to stimulate its rapid business development in both the traditional European and American markets as well as other emerging markets. After the acquisition, the Group will continue to uphold its operational principle of “unifying strategies and resources while operating independently” and will retain Ferretti’s key management team, headquarters and production bases in Italy.

***

[SHAZAM]

"Ferretti has eight highly regarded and recognized yacht brands and owns a total of 8 shipyards in Italy as well as in Miami, USA"

You mean the one that they no longer own that has demolition crews getting ready to level it?

[Yacht News]

Seems like the 12th hull in the Navetta 33 Crecendo series is called "Ziacanaia". I guess this is the successor to the smaller one.