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Italian superyacht boom: The Italian Sea Group, what a blow

The magical moment of Italian boating continues – Millionaire sale for The Italian Sea Group

Italian superyacht boom: The Italian Sea Group, what a blow

The last shot put him on the mark The Italian Sea Group, a company listed in Milan since last May, which operates with several historic brands, including Admiral, specialized in the production of yachts over 50 meters. In 2023, a new 55-metre will come out of his shipyard, which has already been sold to a lucky owner represented by a leading name in the nautical industry, the French Jean-Claude Carme. More than a boat, a kind of Eden on the sea. Among other things, she will offer the lucky guests "a generous open sun deck, six cabins including one master, one VIP, four guest cabins and two doubles, to ensure space for all guests on board and the 11 crew members" . And, just to make sure you don't miss out on anything, a unique beach club area with high glazed side walls and a huge sunbathing platform, including a Jacuzzi.

A far from isolated shot in a golden year for Italian boating. In the yards of the Peninsula there is an air of records. It goes for the group Ferretti, a kind of Ferrari of the sea which, after closing 2022 with 200 boats delivered, starts the year with a portfolio that covers the entire business up to 2023. To the satisfaction of the Chinese owners who have planned the listing of the group on the Hong Kong Stock Exchange. Applies to the other freshman of 2021, San Lorenzo, another world-leading shipyard for boats over 30 metres. In anticipation of the spring boat shows, first of all Cannes, we can speak of an extraordinary success for our boating industry, capable of breaking last year's extraordinary record: according to data from the Symbola foundation, Italy has established itself as leader by trade balance with more than $2,2 billion ahead of the UK, Holland and all others. Our nautical sector had won 49,6 percent of superyacht orders (over 24 metres) with 407 pieces under construction out of 821 globally.

A series of firsts that promises to repeat itself. However, the sale of the latest superyacht allows the CEO of Italian Sea Group, Giovanni Costantino, to celebrate a lucky year in the best possible way, crowned by his success in the auction at the end of December for the award of Perini shipyards: 80 million euros to beat the competition from the Joint Venture, called Restart, stipulated between Sanlorenzo and Ferretti. “The final price – comments the Intermonte broker – the result of very tight competition, testifies to the strategic relevance and quality of these assets, an important factor in times like these, characterized by enormous market demand, combined with a lack of capacity productive". Although the price of the latest deal has not been disclosed, it is known that in December a similar yacht had been sold for around 30 million euros, showing a significant price evolution compared to 2020 when the M/Y Geco, a superyacht of 55 meters in length had been sold for around 20 million.

The race of the question, which has largely recovered from the values ​​of 2008/09 (Lehman crisis), is reflected in sales prices, allowing the industry to erase the darkest years. In short, the boat goes. There is no inflation or pandemic that holds you back superyacht racing, the jewels by the sea that increasingly represent the response of the super-rich to the constraints that Covid -19 has imposed on the social life of the metropolis. This could be a key to understanding the miracle of boating which, month after month, gains share in the "Made in Italy" construction sites, the absolute protagonists of a phenomenon that involves many of our home's excellences, from design to the skill of the craftsmen, to the excellence of technological solutions.

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