News Articles
In a turn of events as unpredictable as the high seas, yacht manufacturer Ferretti’s recent Annual General Meeting (AGM) played out like a thriller. A leadership change was the outcome, with the Weichai slate of directors narrowly edging past billionaire Karel Komárek’s KKCG Maritime, claiming 52% of votes versus 47%. This power shift subsequently ended Alberto Galassi’s distinguished twelve-year tenure as chief executive, with his successor Stassi Anastassov expected to be confirmed imminently.
However, this was no ordinary leadership transition. The process was laden with allegations of regulatory non-compliance and undisclosed shareholder coordination, with sources indicating a possible lengthy investigation. Notably, the Czech billionaire’s camp is of the belief that these allegations will ultimately tip the scales in their favour.
The ship building industry is stirring with new developments, particularly the Middle Eastern yacht-builder, Gulf Craft. The UAE-based shipyard is expanding its reach across Asia, having announced its partnership with Asia Yachting, a move that is set to further the brand’s presence in key markets.
This strategic alliance represents a significant step forward for Gulf Craft’s Majesty Yachts brand, promising avenues of new opportunity and exposure on a continent known for its maritime interests. With this move, Gulf Craft reinforces its dedication to the brand’s growth and success through sustained commitment and strategic partnerships.
Simultaneously, across the European landscape, the yacht industry is experiencing similar shake-ups with the launch of Next Yacht Spain. A creation by Next Yacht Group, this move was made in unison with SMART Yachting, a leading Spanish provider of yacht sales and management services.