Retail News CRM

Tag: yachts

  • Credit Suisse Securitizes Yachts With Derivatives

    Credit Suisse Securitizes Yachts With Derivatives

    Credit Suisse used complex derivatives to offload the risks of billions in loans to oligarchs and tycoons to hedge funds.

    Credit Suisse securitized a portfolio of loans linked to the yachts and private jets of its wealthiest clients using derivatives, allowing the bank to offload the risks from lending to ultra-wealthy oligarchs and entrepreneurs. The loans amounted to about $2 billion.

    The securitization was handled by a unit in the bank which had been sanctioned previously. Due to the unusual collateral underlying the securitization, it offered an interest rate of more than 11 percent to attract hedge funds to the $80 million transaction, the report said, citing an investor presentation.

    The presentation revealed that a third of the 12 defaults on its yacht and aircraft loans in 2017 and 2018 were related to US sanctions against Russian oligarchs. Earlier press reports said that oligarchs Oleg Deripaska and brothers Arkady and Boris Rotenberg had to cancel their private jet leases with the bank.

    The Swiss bank, which only began lending to yachts in 2014, has expanded the business with outstanding loans topping $1 billion last year.

    In a statement sent to finews.com,  Credit Suisse said:  This synthetic risk-weighted asset transfer, which priced in line with other significant risk transactions, offered competitive investment and hedging terms for our professional investor clients while increasing the capital flexibility of the bank.

    Lees ook:

    Lees ook:

    Lees ook:

  • Benetti Yachts Commits to Reduce Carbon Footprint across Family-Owned Business

    Benetti Yachts Commits to Reduce Carbon Footprint across Family-Owned Business

    From shipyard investment to innovative yachts, Benetti has been an industry leader in sustainably-minded innovation since 2002 with the introduction of the first hybrid diesel-electric propulsion system, “65-metre Ambrosia yacht”. One of the world’s leading superyacht builders, Benetti is part of a forward-thinking, family-owned business that understands that yachts are a family activity to enjoy one of nature’s greatest treasures: the open sea. With this mindset, Benetti commits to navigate how to limit or reduce carbon footprint across construction, design and protection so that yacht owners have options.

    “At Benetti, we deliver our enduring passion for the sea and for sailing by combining Italian craftsmanship and innovation into every yacht we design and build. Following the pandemic, we’ve accelerated our commitment to reduce carbon footprint. It’s time, money and resources that we feel are worth it,” says  Peter Mahony, General Manager at Benetti Yachts Asia. He continues, “Fortunately, the Benetti company mission is supported by a growing trend across Asia for innovative and forward-thinking options. With a Benetti yacht, we have the sweet spot where green awareness technology meets the utmost quality and comfort, which is possible through constant innovation and research.”

    Sustainable Shipyard Improvements

    Benetti Yachts has been implementing improvements at the Livorno and Viareggio Italian shipyards to enhance energy efficiency and reduce both pollution and waste at the source. Benetti looks at every possible way to improve the production cycle including reducing water waste, reducing fuel consumption with new high-power stations for moored Giga yachts of over 100 metres, replacing incandescent light bulbs with LED lamps to reduce 70% of energy consumption, installing a photovoltaic plant and a sophisticated solar thermal system to reduce 50% of methane greenhouse gases and insulating the Livorno shipyard sheds with cladding to enhance energy efficiency at thermal and acoustic levels.

    Improving Yacht Energy Efficiency

    Benetti’s design efforts are primarily focused on the hybrid engines to reduce fuel consumption and  harmful CO2 emissions. Most of the yachts have the option to be equipped with innovative propulsion systems and carefully-chosen materials while advancing propulsion systems and improving onboard energy efficiency.

    Both the 107-metre giga yacht Benetti FB272 Luminosity gigayacht and Asia market-favourite, the Benetti B.Yond 37M, are equipped with hybrid propulsion systems to reduce environmental impact and fuel consumption. Luminosity, the biggest hybrid in the world features an intelligent propulsion system developed by top industry experts co-ordinated by Benetti’s Technical Department. While B.Yond 37M is a popular yacht in the Asian market due to its reduced environmental impact with the hybrid diesel-electric propulsion system developed by the Siemens Marine Global Competence Centre in Italy. The many optimized hybrid engines integrations available from Benetti  don’t sacrifice comfort or style.

    From shipyard investment to innovative yachts, Benetti has been an industry leader in sustainably-minded innovation since 2002 with the introduction of the first hybrid diesel-electric propulsion system, “65-metre Ambrosia yacht”. One of the world’s leading superyacht builders, Benetti is part of a forward-thinking, family-owned business that understands that yachts are a family activity to enjoy one of nature’s greatest treasures: the open sea. With this mindset, Benetti commits to navigate how to limit or reduce carbon footprint across construction, design and protection so that yacht owners have options.

    “At Benetti, we deliver our enduring passion for the sea and for sailing by combining Italian craftsmanship and innovation into every yacht we design and build. Following the pandemic, we’ve accelerated our commitment to reduce carbon footprint. It’s time, money and resources that we feel are worth it,” says  Peter Mahony, General Manager at Benetti Yachts Asia. He continues, “Fortunately, the Benetti company mission is supported by a growing trend across Asia for innovative and forward-thinking options. With a Benetti yacht, we have the sweet spot where green awareness technology meets the utmost quality and comfort, which is possible through constant innovation and research.”

    Sustainable Shipyard Improvements

    Benetti Yachts has been implementing improvements at the Livorno and Viareggio Italian shipyards to enhance energy efficiency and reduce both pollution and waste at the source. Benetti looks at every possible way to improve the production cycle including reducing water waste, reducing fuel consumption with new high-power stations for moored Giga yachts of over 100 metres, replacing incandescent light bulbs with LED lamps to reduce 70% of energy consumption, installing a photovoltaic plant and a sophisticated solar thermal system to reduce 50% of methane greenhouse gases and insulating the Livorno shipyard sheds with cladding to enhance energy efficiency at thermal and acoustic levels.

    Improving Yacht Energy Efficiency

    Benetti’s design efforts are primarily focused on the hybrid engines to reduce fuel consumption and  harmful CO2 emissions. Most of the yachts have the option to be equipped with innovative propulsion systems and carefully-chosen materials while advancing propulsion systems and improving onboard energy efficiency.  

    Both the 107-metre giga yacht Benetti FB272 Luminosity gigayacht and Asia market-favourite, the Benetti B.Yond 37M, are equipped with hybrid propulsion systems to reduce environmental impact and fuel consumption. Luminosity, the biggest hybrid in the world features an intelligent propulsion system developed by top industry experts co-ordinated by Benetti’s Technical Department. While B.Yond 37M is a popular yacht in the Asian market due to its reduced environmental impact with the hybrid diesel-electric propulsion system developed by the Siemens Marine Global Competence Centre in Italy. The many optimized hybrid engines integrations available from Benetti  don’t sacrifice comfort or style.

    Lees ook:

  • Azimut Benetti Group Shines in the Asia-Pacific Area

    Azimut Benetti Group Shines in the Asia-Pacific Area

    The Asia-Pacific Area continues to play a strategic role in terms of Azimut Benetti Group sales. Thanks to its longstanding presence in key countries in the area, the company has an excellent reputation and unparalleled reach across the region. Reporting total sales worth over 150 million euros (the two brands’ results for the last 12 months), the Group is at the top of an ideal ranking of best performers in the area.

    Despite the complexities caused by the global pandemic, Azimut Benetti has put in a particularly good performance, reporting a 10% increase in the results posted for this area last season with Benetti alone nearly doubling the number of units sold.

    This result, which takes into account all of the most important markets in the region, including Hong Kong, Singapore, mainland China, Japan, Australia, and New Zealand, is driven by orders for boats over 24 meters, a segment in which the Group excels throughout the world.

    In more detail, Azimut Yachts has sold and delivered eight yachts in the brand’s flagship Grande Collection (four 32 Metri, two 27 Metri, and two 25 Metri) with 5 more units in the same Collection in delivery in the next six months; Benetti has sold five units.

    With regards to Azimut Yachts, significant contributions to achieving these excellent results were made by Marine Italia, the dealer for Hong Kong, Macau, Guangdong, and Taiwan, and by the new Australian dealer D’Albora, which has established a considerable presence in the region in the space of a single year, as well as opening up new markets on the country’s western coast.

    Turning to Benetti, it is no surprise that Asia-Pacific owners have focused their attention on the new projects and on the Oasis 40M, a glamorous yacht of which a remarkable 12 units have been sold to date.

    “For years Azimut Yachts has been leading the APAC market for a range of 34-120 foot yachts, supported by a very good network of local dealers, to strengthen the Azimut brand and to make sure that each customer feels valued and well looked after. We are especially proud of the results we have achieved this year. The sales results were especially positive in the range between 60 and 80 feet yachts and Grande Collection is clearly a beloved yacht in Asia. The glowing results were achieved with sales covering the whole Region from South East Asia to Oceania and with considerable sales in mainland China. Clients clearly recognized and rewarded the strengths of our products: an Italian design, the cutting-edge technology intrinsic to our boats, and of course, a solid family-owned group.” Says Enrico Chiaussa, Asia Pacific, Middle East & Africa Area Manager of Azimut Yachts

    “APAC continues to be a key market for Benetti and we are pleased to see our efforts to constantly innovate and improve on the quality of our products and processes, along with the hard work of our employees and local partners, has paid off in a year that has provided unique challenges. As we move into the new season, we remain optimistic that demand for our luxury yachts will continue to soar and that the new aggressive production schedule and the new model introductions we have planned over the next 18 months will further strengthen our position as an industry leader in this exclusive market sector.“ Says Peter Mahony, APAC GM of Benetti Yachts.

    Lees ook:

  • Benetti Launches Three Yachts in the Class Category

    Benetti Launches Three Yachts in the Class Category

    While at the Livorno shipyard the first phase of the Benetti Giga Season came to an end with the launch of a remarkable three giga yachts in just 100 days, most recently the 108-meter Benetti fleet flagship FB275, in Viareggio three Class category yachts have been launched in less than ten days: a Delfino 95, a Classic Supreme 132 and a Mediterraneo 116.

    On March 28, in Livorno, the Shipyard celebrated the christening of 108-meter giga yacht FB275, following closely on the heels of the March 21 launch in Viareggio of BD105 M/Y “Baya”, the fifth unit of the elegant and classically styled 29-meter Delfino 95. The generously spaced and welcoming interiors of the yacht are decorated with innovative combinations of marble, polished brass inserts and ash, eucalyptus and tay wood, creating an interesting alternation of textures and colour tones.

    The exteriors designed by Giorgio M. Cassetta provide a cue for interesting plays of light in the interiors through extensive glazed surfaces. The owner’s cabin on BD105 M/Y “Baya” has a bed adorned with sophisticated leather-upholstered headrests and a spacious bathroom fitted with tub, shower and mini bar. The two 1,000 hp Man V8 engines provide a range of about 2,400 nautical miles at a cruising speed of 10 knots. And when time is of the essence, the yacht has a top speed of 14.5 knots.

    April 3 then saw the launch of BS012, the twelfth unit of the 40-meter Classic Supreme 132 with exteriors by Stefano Righini. The interiors are by Benetti’s Interior Style Department, which chose the decorations and furnishings based on the owner’s instructions and requests. To give the boat more character, they feature leathers with an iridescent metallic appearance and richly veined varieties of marble: Port Laurent,Sahara Noir and Rino White.

    The juxtaposition of light-coloured smoked eucalyptus against the dark tones of matte-finish tay wood is clearly dominated by lighter colourways to give the settings a brighter atmosphere and the yacht an eclectic, modern feel. The social side of BS012’s character can be seen in the decision to put a teppan griddle in the centre of the table on the Fly Deck. In a first-of-its-kind solution for this model yacht, guests eat their food directly from the griddle on which it is cooked. Extensive outdoor spaces, particularly on the Sun and Upper Decks, are perfectly reconciled with the yacht’s streamlined contours, while the big full-height windows on both the Main and Upper Decks translate into brightly-lit interiors. Forward of the Pilot House, a Jacuzzi offers a spectacular vantage point from which to enjoy the sea view.

    Then on April 6, M/Y “Big Five” was launched, 35.5 meters long and the fifth unit of theMediterraneo 116 model. In this case too, the exteriors are by Giorgio M. Cassetta. The decor concept combines light-coloured matte-finish woods with other varieties in shades of grey and dark ash, creating a sophisticated and contemporary look. The use ofOlimpico Striato and Zebrino Apuano marble contributes to creating a sophisticated atmosphere. A huge forward section of the Main Deck is dedicated to the owner, with a private studio secluded from the areas set aside for socialising. The full-beam suite is flooded with natural light through panoramic windows, while the bathroom area, also full-beam, is split into his and hers areas, with a big shower cubicle set off by a marble-clad bench seat.