Pressmare | The Italian Sea Group

By Press Mare

23/07/2026 - 08:13

The Italian Sea Group, the crisis searches for a way forward

News surrounding The Italian Sea Group continues to unfold at a rapid pace, day by day outlining the contours of a crisis that extends far beyond the fortunes of a single company. Over the past twenty-four hours, new corporate developments, movements in the company’s share price and the first expressions of interest in some of the group’s assets have emerged, while the path towards the restructuring plan expected by September is beginning to take shape

By Press Mare

21/07/2026 - 11:09

Giovanni Costantino: I step aside, but The Italian Sea Group is not for sale

The group’s founder breaks his silence following his resignation as Chairman and Chief Executive Officer: “The crisis stems from internal fraud, not from a strategic mistake.” He confirms the sale of the former Picchiotti shipyard, rules out the disposal of the group’s brands and assures: “I have absolutely no intention of selling the company”

By Press Mare

20/07/2026 - 10:17

The Italian Sea Group: Costantino resigns as Chairman and CEO, entire Board steps down

The resignations of Chairman and Chief Executive Officer Giovanni Costantino, together with those of director Gianmaria Costantino, have triggered the dissolution of The Italian Sea Group’s entire Board of Directors after the majority of shareholder-appointed directors ceased to hold office. The company will continue to operate under a prorogatio regime until a new board is appointed to lead the most delicate phase of its restructuring process

By Press Mare

14/07/2026 - 10:00

Picchiotti P53: A Yacht for the Many Selves of the Contemporary Owner

With the new P53, Picchiotti launches the P-Fleet line and introduces a 53-metre aluminium superyacht conceived for a contemporary owner seeking a balance between privacy, representation, range and a closer connection with the sea. A project that reinterprets the heritage of one of the most historic names in Italian shipbuilding through a modern lens

By Press Mare

10/07/2026 - 11:44

The Italian Sea Group delivers the first Admiral Panorama 50

With the delivery of the first Admiral Panorama 50, The Italian Sea Group launches a new semi-custom line set to make its official debut at the 2026 Monaco Yacht Show. The project combines a steel-and-aluminium platform with design solutions focused on onboard liveability and customization