A professional framework for evaluating title, technical completion, delivery risk and residual value A semi-completed yacht can present a compelling acquisition opportunity, but only when the discount is sufficient to compensate for the legal, technical, execution and market risks that remain. The amount already spent, or the percentage reportedly completed, is not the investment case. The investment case is the relationship between verified value in place, risk-adjusted completion cost, time to delivery and the market value of the finished asset. Accordingly, the decision should be approached as the acquisition of a complex project rather than the purchase of a conventional yacht. Before discussing aesthetics, specification upgrades or potential charter income, a buyer should establish whether the asset can be acquired

In the late summer of 2024, the sinking of Bayesian off the Sicilian coast sent a shockwave through one of Italy’s most storied yacht-building legacies. Seven lives were lost, but the consequences extended far beyond tragedy. In the months and years that followed, the event cast a long and persistent shadow over Perini Navi and its parent, The Italian Sea Group—a company whose portfolio includes some of the most recognisable names in modern yachting. By mid-2026, the repercussions had crystallised into something more structural. The group entered a negotiated restructuring process after disclosing financial strain severe enough to trigger Article 2447 of the Italian Civil Code. Alongside this, an independent forensic review was commissioned to investigate budget overruns and internal

In a market where ultra-high-net-worth clients already have access to every major broker, shipyard and destination, competitive advantage has shifted. Today, the decisive edge lies not in access itself, but in the ability to read the market, shape demand and execute with precision when timing matters most. Yacht brokerage still likes to describe itself as a relationship business, and at one level that remains true. Trust matters. Access matters. Discretion matters. But at the top end of the market, those qualities are no longer enough to distinguish one broker from another. The reason is simple: the most sophisticated clients already have access to the full ecosystem. They can reach the leading brokerage houses, the best-known shipyards, the most visible listings

Not every superyacht is suited to the Arctic. Fewer still can take a large party into remote, high-latitude waters without sacrificing comfort, atmosphere or operational credibility. That is where M/Y Sherakhan stands apart. With the volume of a small ship, the pedigree of a converted Dutch training vessel, and a charter reputation built on global itineraries, Sherakhan occupies a rare position in the market: a true expedition-style yacht capable of turning Arctic cruising into an experience that is both ambitious and genuinely luxurious. At 69.65 metres with a steel hull, aluminium superstructure and a gross tonnage of around 1,945GT, Sherakhan was never conceived as a conventional Mediterranean showpiece. Originally launched in the 1960s and later transformed into a yacht by