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Sailors come to the Caribbean every year. For the Perini Navi yacht charter aficionado, that lure continues to this day. Superyacht builder Perini Navi can proudly boast that a large number of Caribbean yacht charter megayacht vessels were launched from their acclaimed Italian shipyard.
Perini Navi has a new sail event in 2010. The yacht charter experience is an opportunity to participate in a superyacht race event.
A new regatta, “Les Voiles de Saint Barth,” is from April 6 and April 11th, 2010. The event organizers are the Saint Barth Yacht Club and Comité Territorial du Tourisme, with the support of Saint Barthélémy’s Collectivité.
While classic boats and multihulls will race in this new event, the undoubted stars of the show will be in the superyacht category. The megayacht Caribbean yacht charter vessels, will be led by a flotilla of Perini Navi sailboats.
Up to 10 more Perini Navi sailboats are considering participation.
There is an inspiration for “Les Voiles de Saint Barth.” In specific, to create a regatta for beautiful sailboats. They navigate in the local waters in a festive spirit. This happens in the idyllic setting of Saint Barth Island. Everyone gets involved. For instance, residents, storekeepers, and water sport professionals. All get ready to welcome megayachts and their crews. Fortunate Caribbean yacht charter customers also participate. That could be you! Spring is a wonderful time to plan sail boat charters in the Caribbean. A St. Barts yacht charter during “Les Voiles de Saint Barth” brings memories to last a lifetime.
In conclusion, charter a yacht and enjoy the sailboat race in St. Barts. Exhiliaration and excitement await.
This entry was posted in Caribbean News Special Events Educational and tagged yacht charter Caribbean, sailing yacht charters, Perini Navi, sailboat charter, Maltese Falcon, Regatta, sail boat charters, Les Voiles de Saint Barth, Salute, SelenePosted on
Twenty-one yachts have registered, including some of the largest luxury sailing charter vessels for one of the most popular yachting events in the Mediterranean.
The Loro Piana Superyacht Regatta is scheduled for June 4-9, 2012, in Porto Cervo, Sardinia.
First launched in 2008 and hosted by the Yacht Club Costa Smeralda, this signature event opens the annual superyacht calendar and Mediterranean yacht charter season. An assortment of modern, classic, performance and cruising vessels will be on hand to watch or participate in five days of exhilarating sailing.
Many popular yachts expected to register. For instance,
Last year’s overall winner of the Loro Piana Silver Jubilee Cup was HIGHLAND FLING XI.
Milano Finanza, Italy’s financial newspaper, reports yacht builder Perini Navi has filed for bankruptcy protection.
The move is hardly surprising, or unexpected. The company has negative EBITDA of €25 million. Debt between banks and suppliers is estimated at €55 million.
What is a bit of a surprise? A buyout might be cultivated with rival local yard, Sanlorenzo.
The newspaper states Sanlorenzo seeks a 70% controlling stake in Perini Navi. To achieve this, the majority shareholder (the Tabacchi family) will dilute their ownership. Their stake will drop from 74% to 30%
To begin with, a new company will be created. After that, a cash infusion of €40 million will be needed. Simultaneously, Sanlorenzo will inject €30 million, and the Tabacchi family will put up €10 million.
Perini Navi Chairman Edoardo Tabacchi is probably eager to close a deal. However, there are many hurdles.
First, the Italian courts must formalize the bankruptcy. Second, the deal requires the consent of creditors. Third, the deal could be challenged as a local monopoly.
Both yards are based in Viareggio. Local union FIOM Tuscany is concerned about the plan. In particular, the union questions the impact of such a monopoly within Viareggio. They want a review of local concessions.
It’s hard to challenge the success of Sanlorenzo. In 2019, they went public with an IPO. Year end reports were strong. New motor yacht sales up 39.3% compared to 2018. EBITDA up 73.4% compared to fiscal 2018.
Even so, can Sanlorenzo succeed in the sailing yacht sector? Consider Perini Navi is ranked #1 in the top 5 sailing superyacht builders. Traditionally, in the superyacht market, 5 times as many motoryachts are built as compared to sailing yachts.
Even so, Chairman Massimo Perotti remains positive:
“Sailing yachts are the sustainable future…the wind is completely clean and completely free.”
Perotti might be correct. According to Boat International,
“(in 2019) We also recorded some welcome news for the sailing sector this year, with the numbers of 24-metre-plus sailing yachts ordered or under construction increasing by 15.7 per cent over last year. The number of projects – 59 – is still way down on the 10-year high of 95 in 2014, but any uptick in interest in sailing is welcome.”
Perini Navi defines private luxury yacht charter for sailors. For instance, sail yacht SELENE, and sailing vessel PERSEUS 3, and BRAVO’s Below Deck’s sailboat, PARSIFAL III. Of course, there is also the most famous sail yacht on the planet, the superyacht MALTESE FALCON.
Hopefully, the name will live on…
Do you prefer sail or power? Why? Please comment below!
This entry was posted in Yacht Charter News Educational and tagged Perini Navi, Maltese Falcon, Perseus 3, Selene, Sanlorenzo, Tabacchi family, Perini Navi chairman, yacht builder bankruptcy, EBITDA, Milano Finanza, Perini Navi files bankruptcyPosted on