Drettmann GmbH opened Insolvency proceedings on the 25th of May 2010. According to the company’s management this step was necessary, because restructuring talks with house banks couldn’t be bought to a positive conclusion in the time frame required . Despite insolvency proceedings the business is going on in full. For decades Drettmann GmbH has been... ... read full story
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Princess Yachts report increased turnover and strong profits
June 02, 2010
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Princess Yachts have announced very positive results for the year ended 31 December 2009, despite continued uncertainty in global economic conditions. Princess yachts have reported an increased turnover of £213.8 million, up 3% from the previous year, driven by the continued investment in new product development and the establishment of new markets. ... read full story
Construction Begins on Porto Arsenal a New Superyacht Marina in Northern Sardinia
June 02, 2010
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The new Sardinia marina is to have dedicated superyacht moorings and berth and there will be residential, retail and commercial facilities. Marina on Porto Arsena also provides for maxi sailing yachts and racing yachts, a design hotel of 120 rooms and suites, a medical spa of 3,500 square meters, a shopping gallery of 8,000 square meters, an area of 105 residential apartments and a conference center of 1,700 square meters. ... read full story
Sunseeker Yachts Bought by UK Private Equity Firm FL Partners for 25 million GBP
June 02, 2010
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Dorset-based Sunseeker Yachts has already invested more than GBP40 million into expanding its manufacturing facilities and product range to deliver yachts of up to 40 meters, and it has plans to extend to 50-meter yachts. ... read full story
Iridium NEXT Generation 72 satellite constellation Communications – $2.9 billion
June 02, 2010
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“We are excited to be Iridium’s lead supplier in the design and build-out of the Iridium NEXT constellation,” said Reynald Seznec, CEO of Thales Alenia Space. “With our satellite design, Iridium will have a flexible platform for the delivery of existing and new services. As the prime contractor for Iridium NEXT, Thales Alenia Space is the undisputed leader in the design and manufacture of commercial low-earth orbiting (LEO) satellite communications systems. We will be supported by a broad consortium of world-class technical partners with extensive expertise in supporting critical missions of this scale and nature, and we expect 40 percent of the work for Iridium NEXT to be subcontracted to North America companies.” ... read full story
Superyachts launched in May 2010
June 01, 2010
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There have been a number of superyachts launched during May 2010. Here are the biggest and best yachts CharterWorld have featured throughout the month. ... read full story
Managing Director of ICON Yachts B.V. Wim Koersvelt steps down from his post
June 01, 2010
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Following the recent launch of the second ICON superyacht Florida the company has released a statement in regards to changes in the management: “With the completion of Project Florida coming nearer, ICON Yachts BV is ending the pioneer phase and will now consolidate the internal organisation and build further on the platform philosophy. For this... ... read full story
Jen Wartena appointed as general manager by Icon Yachts
June 01, 2010
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After the launch and delivery of the first Icon superyacht and with two motor yachts, yacht FLORIDA and yacht MIDLANDIA soon to be delivered, the Icon Yachts shareholders have appointed Jen Wartena as general manager in place of Wim Koersvelt. Wim Koersvelt is to remain with Icon as a consultant. ... read full story
Sanlorenzo SD122–FX wins the World Superyacht Award 2010 for the best semi-displacement or planning motor yacht 30m – 39m
June 01, 2010
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Sanlorenzo SD122 – FX, GRP semi-displacement hull, won the prestigious international World Superyacht Awards as best semi-displacement or planning motor yacht 30m – 39m. Sanlorenzo SD122 – FX superyacht has been selected by a qualified panel of international judges composed by superyacht owners. The award has been handed over in London – Saturday 22nd May... ... read full story
Louis Vuitton Trophy: Mistral Monday
May 31, 2010
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The forecast mistral is raging at full force in La Maddalena. With gusts well over 30 knots, todays racing is cancelled. ... read full story
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