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Ferretti Yachts reduces its full-year forecast pending US orders confirmation

Posted to Maritime Reporter on November 13, 2024

Ferretti, the luxury Italian yacht manufacturer, reduced Wednesday its guidance for full-year adjusted core profit (EBITDA), and revenue pending confirmations of U.S. yacht orders in its "composite segment". Ferretti's "Composite Yachts" are the smallest yachts in its three product lines.

Italian Sea Group denies any responsibility in the Mike Lynch yacht sinking

Posted to Maritime Reporter on November 12, 2024

Italian Sea Group's chief executive stated on Tuesday that the company is not responsible for the sinking of Mike Lynch’s superyacht which resulted in the death of the British tech billionaire Mike Lynch and six other people. The Bayesian, a luxury yacht built by Perini Navi in 2008…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on October 30, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Paris-based investment firm CIAM announced on Tuesday that it would appeal directly to France's financial regulator AMF, urging a public offering of Vivendi stock.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on September 26, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. After intense discussions on Wednesday at the United Nations, the United States and France along with several other allies…

Italian divers recover video from Mike Lynch's sunken boat

Posted to Maritime Reporter on September 13, 2024

A source familiar with the situation said that Italian Navy divers recovered video surveillance gear from the superyacht which sank near Sicily in late October, killing British tech magnate Mike Lynch, as well as six others. The equipment recovered…

Autopsies indicate that four victims of the Mike Lynch yacht suffocated to death.

Posted to Maritime Reporter on September 5, 2024

According to judicial sources, the initial examinations conducted on four of those who died when British tech tycoon Mike Lynch’s family yacht sank in Sicily last month showed that they had suffocated as the oxygen on board the vessel ran out.

Italian prosecutor opens manslaughter investigation in Lynch Yacht Sinking

Posted to Maritime Reporter on August 24, 2024

A prosecutor in Italy has launched a manslaughter probe into the death of British tech magnate Mike Lynch, and six others who died when a luxury boat sank near Sicily last week. Ambrogio Cartosio is the head of the public prosecutor’s office in Termini Imerese.

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