The Scoop: Yacht owners are getting younger!
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.
Making Waves: IAG Yachts Steps Up in Size
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.
Made-in-China Ferretti Yachts In The Works
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.