China

The Yacht Club de Monaco’s “La Belle Classe Superyachts” in conjunction with Only Yacht recently united more than 45 professionals from the luxury yachting industry to discuss the current state and future of yachting. Below is an edited summary of the article published by the Yacht Club de Monaco/La Belle Classe Superyachts.

To build this yacht, IAG expanded and widened the mold created for its debut yacht, Primadonna, a 127-foot (38.7-meter) project built on spec and now sold. The hull was designed by naval architect Stefano Rossi of Rossi Engineering Design & Services, working with IAG. Sergio Cutolo of Hydro Tec focused on the weight study, tunnels and propulsion.

Ferretti’s new chairman, Tan Xuguang, and majority-owner Shandong Heavy Industry Group-Weichai Group, told Chinese media that they were investigating the possibility of building a Ferretti plant in Qingdao (in China’s Shandong province) to produce vessels geared to the local market, according to an August 28 Bloomberg News report.

The Italian Design and Engineering Company, Axis Group Yacht Design has announced the completion of the steel hull and aluminum superstructure of the 44-meter (144-foot) motoryacht Green Voyager.

Irwin Jacobs and Jean-Paul Dejoria, who invested heavily into Marquis and Carver and created J&D Acquisitions announced a new joint venture with a large multifaceted government-run Chinese group called Poly Technologies, Inc.