Business Articles
Dr Mohammed Al Barwani is an influential figure in the superyacht industry, renowned for his strategic purchases and the revival of conglomerates. In 2014, Dr Barwani acquired a majority stake in Proteksan Turquoise and subsequently rebranded the company as Turquoise Yachts, marking his second foray into the realm of superyachts. This decision came on the heels of his acquisition of the esteemed Dutch shipyard, Oceanco, in 2010.
However, recent times witnessed a shift in his business strategy, marked by Oceanco’s sale to American tech magnate Gabe Newell. This move serves to free Dr Barwani of his obligations at Oceanco and allows him to channel his energies to the operations and strategic direction of Turquoise Yachts.
02-12-2025
MarineMax, a renowned US yacht retailer, is at the throes of mounting pressure led by activist investor Donerail Group. According to recent reports, Donerail Group, who owns approximately 4% of MarineMax’s stock, is calling for a revamp of the senior leadership and possible sale of the business. This move follows perceived mismanagement and ‘poor capital allocation and flawed execution’ under the stewardship of current CEO Brett McGill, who replaced his father and company founder Bill McGill in 2018.
29-10-2025
In a decisive move, Blackstone Infrastructure funds have secured a billion-dollar deal to acquire Safe Harbor Marinas.
27-02-2025
The murky waters of superyacht refit contracts can be tricky to navigate, especially when it comes to understanding mark-up costs.
16-12-2024