Ferretti Group details business plan at Monaco show - Trade Only Today

Ferretti Group details business plan at Monaco show

After six world premieres at the Cannes Yachting Festival, Ferretti Group brought its lineup to the Monaco Yacht Show.
Author:
Publish date:
The Ferretti Group is showcasing its new Navetta 37 at the Monaco Yacht Show.

The Ferretti Group is showcasing its new Navetta 37 at the Monaco Yacht Show.

After six world premieres at the Cannes Yachting Festival, Ferretti Group brought its lineup to the Monaco Yacht Show.

The group also presented its development plan at a press conference on Wednesday, the first day of the show. It continues through Saturday.

Ferretti Group CEO Alberto Galassi and commercial director Stefano de Vivo presented the group's development plan in the superyacht and megayacht segment, which centers on the Ancona yard, which has had a major investment.

"We believe in the potential of the segment of super and megayachts,” Galassi said in a statement. “We have invested heavily in recent years to expand Riva’s and Pershing’s offering in this market, and we are extending and completely renewing the Navetta fleet of Custom Line. Moreover, regarding CRN we are obtaining a steady growth in revenues, and we have expanded the range of naval platforms, and design alternatives are all completely custom-made.”

“The commitment and resources devoted to the production plant in Ancona today allow us to give birth to the new Superyachts Yard of Ferretti Group that will represent the naval excellence of our group in the field of superyachts, semidisplacement vessels and fully custom megayachts: flagships of the Italian naval industry, synthesis of luxury, innovation and technology,” Galassi said.

Ferretti said its superyachts and megayachts segment generated in 2015 an order intake of about 87 million euros, resulting in a year-end forecast of strong growth, which is expected to reach 201 million euros of order intake — of which more than half had been acquired at the end of August.

Related

E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.