Sophie Spicknell

Norwegian maritime technology company Kongsberg Maritime has announced an agreement to acquire the Swedish company Berg Propulsion AB.Berg Propulsion is a leading designer and manufacturer of integrated propulsion and electrical systems for the maritime market and has demonstrated strong growth and a profitable market position in recent years. “This acquisition is central in our growth plan and strengthens our ability to serve a broader range of customers and vessel segments,” explained Lisa Edvardsen Haugan, CEO of Kongsberg Maritime. The financial details of the transaction are currently undisclosed, but the acquisition is priced at approximately the same EV/EBITDA level as the current pricing of Kongsberg Maritime ASA. “Berg Propulsion complements our portfolio in a highly attractive way and together we will deliver greater value through a wider offering, stronger lifecycle support and shared expertise,” added Haugan. Berg Propulsion will operate as a separate brand and standalone business unit within Kongsberg Maritime's Propulsion & Handling division, allowing Berg's customer

The Suez Canal Authority (SCA) has increased the transit surcharge applied to yachts using the canal, raising it from 14 percent to 26 percent of normal transit dues.

The 38.71-metre Crescent Custom motor yacht Favor ran aground in Falmouth, Massachusetts, United States on Friday 17 July. According to local news publication, Cape Cod Times, Favor ran aground in Woods Hole at around 11:00, with first responders on the scene including the United States Coast Guard, Falmouth Fire and Rescue and the Falmouth Harbormaster. “Sector SENE received a mayday distress broadcast this morning from charter vessel Favor with 13 people onboard that had run aground on the rocks in Woods Hole Pass,” explained the U.S. Coast Guard Sector Southeastern New England.“TA Woods Hole was launched to respond with Towboat U.S. and Falmouth Fire Department, and Falmouth FD arrived on scene and safely removed the passengers. The Coast Guard set a safety zone around the vessel while Tow Boat U.S. conducted salvage.” Favor was refloated and towed to the Great Harbor Anchorage area, with the Coast Guard marine inspectors conducting a damage assessment of

Arcadia Yachts has announced the launch of a 23.98-metre Arcadia A80new yacht from its shipyard in Napoli, Italy.Launched as the second yacht in the Arcadia A80new series, she features exterior design and naval architecture by her builder Arcadia Yachts. “Every launch is an emotional experience for us because it encapsulates the hard work of so many people and the relationship we build on a daily basis with the owner,” explained Ugo Pellegrino, Founder & CEO of Arcadia Yachts.Spanning 131 GT, the Arcadia A80new yacht can accommodate up to 10 guests across a five stateroom configuration. Her master suite is situated on the main deck, a unique feature for a yacht of her size. Inside, natural stone has been used to decorate her bathrooms, with solid blocks of Calacatta Macchia Vecchia used for her basins, while Bianco di Lasa has been selected for her cladding, countertops and floors in the guest staterooms. The upper deck

Riva has announced the launch of the first 28.79-metre Riva 96' Argo Super yacht from the Riva La Spezia Shipyard in Italy.Attended by Ferretti Group CEO Stassi Anastassov and her designers, the Riva 96' Argo Super yacht is an evolution of the famous 28.49-metre Riva 90 Argo yacht, which saw the first hull launched in 2019. The Riva 96' Argo Super yacht is the result of collaboration between Officina Italiana Design, the Strategic Product Committee and Ferretti Group's Engineering Department. “The new Riva 96' Argo Super carries our legacy forward with a yacht that is unmistakably Riva—more innovative, more liveable and more connected to the sea than ever before,” commented Stassi Anastassov.The main saloon of the Riva 96' Argo Super yacht is available in two configurations with the first hull featuring a dining area aft and a lounge forward. The main deck is also home to her full-beam master suite which benefits from plenty

French lawmakers from the left-wing political party La France Insoumise (LFI) have introduced a private member's bill that would prohibit privately

The 155-metre Lürssen superyacht Al Said has been spotted in Monaco for the first time. According to AIS, Al Said left Muscat, Oman on Sunday 5 July and arrived in Monaco on Monday 20 July around 08:17.Delivered in 2008, Al Said is currently the seventh longest yacht in the world, above the 147.25-metre Lürssen yacht A+ and just behind the 156-metre Lürssen yacht Dilbar. Tailored to her owner's wishes, she features an exterior reminiscent of classic cruise liners by Espen Øino International, with interiors designed by RWD. When it comes to volume, Al Said boasts a gross tonnage of 15,850, making her the third largest yacht by volume in the world. Commissioned by the late Sultan Qaboos bin Said Al Said as the flagship of the Omani Royal Yacht Squadron, she was built under the name Project Sunflower. Read more: The 20 largest yachts by volume in the world Following the death of Sultan Qaboos bin

The 57-metre full-custom Heesen superyacht Project Setteesettanta has been launched from the Heesen Yachts facility in Oss, the Netherlands.

Spainish shipyard Metalships & Docks could soon change ownership after Grupo Rodman requested authorisation to transfer its shares to a newly established company linked to a US industrial group, according to reports in the Spanish media.The proposed transaction is currently under review by the Port Authority of Vigo, which owns the land where the shipyard operates. The authority is expected to consider the request as part of its board meeting. According to Spanish newspaper Faro de Vigo, the likely buyer is Oyster Ocean LLC, a Delaware-registered company established in January 2026 and reportedly part of a larger US industrial conglomerate. The transaction would reportedly be completed through the recently incorporated Spanish company Océano de Ostras SL, although the sale has not yet been finalised. Metalships & Docks currently holds five port concessions in Vigo covering more than 33,000 square-metres of land, in addition to a floating dock occupying a further 5,730 square-metres. Earlier this year, the

The 79.75-metre Feadship 716 yacht has been launched from its Feadship De Vries facility in Aalsmeer, the Netherlands. Photo: Ruben Griffioen