Developments in The Italian Sea Group’s restructuring process continue to unfold almost daily. The latest ruling by the Florence Court partially reshapes the interim protective measures granted in recent weeks, while confirming that the company can continue with its previously announced restructuring plan
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The cruise design experts TDoS (Tillberg Design of Sweden), part of the Viken Group, have unveiled their latest project: a 135-metre yacht-inspired river cruiser designed for Transcend Cruises, which is set to challenge all preconceptions of a river cruise ship
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Immersive audio, home cinema, advanced connectivity and intuitive onboard system management. These are the key elements of the technological refit completed by Videoworks aboard the 60-metre CRN Eleni, a project carried out at Amico & Co to enhance the guest experience and further strengthen the yacht’s appeal in the charter market
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First official sailing images capture SIMENA performing full sail off Saint-Tropez, making 8.5 to 9.5 knots in 13 to 16 knots of wind
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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
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There is a common thread running through every project developed by Advanced Mechanical Solutions, from structural engineering for sailing yachts to bespoke handling systems for the latest generation of superyachts. It is an engineering-led approach in which every project starts with a technical challenge rather than a product, whether the final outcome is a consultancy service or a fully integrated system installed on board
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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”
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Cantiere delle Marche has launched the Deep Blue 115 Octopus, a 35-metre explorer yacht developed with designer Horacio Bozzo, an evolution of the one-off Acala project delivered three years ago
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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
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Yacht management came first and remains the company’s original core business. But today the Swiss-based Floating Life Group also operates in charter, brokerage, new build consultancy, owner’s representation and surveying
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