CRN, shipyard and brand of the Ferretti Group, privately launched the CRN 130, a 60 metre steel and aluminium megayacht, in Ancona.

The owner’s family, the management and the workers of CRN, who celebrated the completion of the seventh pleasure ship of 60 metres produced since 2005, were present at the shipyard. This is an important achievement in this particular market.

Lamberto Tacoli, Chairman of CRN S.p.A. and Chief Sales & Marketing Officer of the Ferretti Group, who took part in the ceremony, spoke about the future plans of the shipyard: “CRN intends to continue its policy of maximum attention to detail, productivity, flexibility and customer care. I would like to thank all the workers once again and our team who have enabled us to realize this new target. Now naturally we are looking to the future: the shipyard is in full production. We have another 6 ships under construction and the next deliveries should take place within the next few months”.

Today’s launch follows that of “Lady Trudy” last Tuesday, a composite displacement Navetta of 43 metres, the seventh hull of the Navetta 43, and thus concludes an important week for the Ferretti Group.

At the moment the CRN shipyard is constructing 8 pleasure ships with the CRN brand: 5 steel and aluminium ships (CRN 129 80 metres, CRN 125 58 metres, CRN 130 60 metres and 133 60 metres, CRN 128 60 metres at the quay to be delivered in spring) and 3 composite mega yachts (two 43 metre displacement Navette and a 40 metre semi-planing CRN 128’), as well as 7 yachts with the brand Custom Line, reflecting the continuous growth of the CRN shipyard, which is constantly evolving.

M/Y CRN 130 of 60 metres

The elongated streamlined profile and the imposing cream-coloured hull (the photo shows the hull covered by a protective film maintained until delivery) strongly characterize this 60 metre leisure boat, hull number 130 of the shipyard, made of steel and aluminium, and commissioned from CRN by a European ship owner.

The slim and sleet bow and the imposing volumes with wide spaces overlooking the sea characterize this mega yacht, whose external lines bear the signature of Zuccon International Project Studio, which worked in close collaboration with the technical office of CRN, while the interior design was taken care of by the architects Alexandre and Cristina Negoescu.

Hull 130 was built on a naval platform of 10.20 metres, the same used for other famous boats such as the CRN 126 “Blue Eyes” and CRN 128, both of 60 metres. The same philosophy and technological innovations are found in the open spaces that distinguish CRN: the terrace in the master cabin and the beach club at the stern and the stern hatch that turns into a big beach close to the water which will be equipped as a solarium.

The Zuccon International Project designers created the megayacht with great attention to spatial quality, making it elegant, timeless, and thus increasing its value for both the owner and the shipyard.

Circular patterns prevail in the interior design, giving it a new image of on board comfort, with fluid spaces, which open up and extend to all the other areas. There is also a minimal style and an art deco spirit that fuse with elegance and sophistication, representing “modern style”.

Its minimalist décor, its monochromatic interiors and its sinuous forms, create a new contemporary habitat of extreme pleasure.

The new vessel can accommodate 12 guests in 5 guest cabins, the master cabin and 14 crew members.
The yacht is equipped with two CATERPILLAR 3512B-Chp 1’455 kW@1835 rpm engines that cruise at a maximum speed of 15 knots and a cruising speed of 14 knots.

This mega yacht further highlights CRN’s care and attention to detail and design, tipically Italian.

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Two launchings in less than a week is an uncommon event for a shipyard specializing in pleasure ship, but this is exactly what CRN, the shipyard and the brand of the Ferretti Group has done, confirming the quality of its industrial production and the strength of its business model.

CRN – among the world’s leading manufacturers of completely customized, over 40 metres, pleasure ship– is going to launch two new mega yachts:

• Tuesday, 22nd March, Navetta 43 “Lady Trudy”, a 43 metre composite megayacht will be launched.
• Saturday 26^th March, at the yacht marina of the shipyard of Ancona, M/Y “CRN 130” will be put at sea.  The sixth 60 metre pleasure ship, made of steel and aluminum, that has been launched by the shipyard since 2005.

The two launchings will take place in the presence of the ship owners and the shipyard workers.  Therefore, two private events, but nonetheless significant from both the industrial and the emotional aspect.

An important event that shows the constant manufacturing activity of the shipyard as regards the construction of big boats, as Lamberto Tacoli, Chairman of CRN S.p.A. and Chief Sales & Marketing Officer of the Ferretti Group commented;

“These launchings are a further example of quality and continuity of the CRN shipyard within the nautical world context which has unfortunately been downsized in recent years.  This is thanks to the hard work of the Shipyard workers and the drive given by the Ferretti Group.

Both Ships represent the innovative spirit of the Shipyard that distinguishes itself through creativity and flexibility.  These are our strengths: the ability to be alert and our availability, the ability and willingness to understand and satisfy the needs of a demanding Client who wants to realize an important project with us.  We will continue to keep the Product and the Client at the centre of our work”.

At the moment the CRN shipyard is constructing 8 pleasure ships with the CRN brand:  5 steel and aluminum ships  (CRN 129 80 metres, CRN 125  58 metres, CRN 130 60 metres and 133 60 metres, CRN 128  60 metres at the quay to be delivered in spring) and 3 composite mega yachts (two 43 metre displacement Navetta and a 40 metre semi-planning CRN 128’ ), as well as 7 yachts with the brand Custom Line, reflecting the continuous growth of the CRN shipyard, which is constantly evolving.

M/Y CRN NAVETTA 43 “LADY TRUDY” 43 metres

The mega yacht ‘Lady Trudy’ is a composite displacement navetta, the sixth hull of the Navetta 43 line.

The boat, which is 43m long and 8.6m wide, can easily accommodate 10 passengers in five guest cabins and 9 crew members with the maximum speed of 15.5 knots and a cruising speed of 13 knots, pushed by two CATERPILLAR C32-C engines,

The mega yacht was built in collaboration with the architects of Zuccon International Project Studio, that has taken care of the exterior and interior layout.

It is characterized by its large volumes and wide outdoor areas, such as the covered cockpits of the main deck and the upper deck, which open into the Majestic grey “pearl effect” hull.

Equipped with four decks and a bulbous hull, it has been entirely built at the CRN premises, that checked every phase of the productive process, the realization of the moulds as well as the lamination of the hull, up to its furnishing and decoration.

A distinctive feature of this ship and the rest of the CRN fleet, is the terrace of the master suite which is set up as a “balcony” with a coffee table and armchairs for breakfast, to be enjoyed while sailing.

Some structural modification have been made to the sun deck of this boat.  It has been elongated at the stern to make space for a helicopter landing pad.

Among the peculiarities of this mega yacht are certainly the interiors, which are finely furnished, representing a plunge into the American colonial sphere, with a touch of the romantic “Hampton Style”, where the owner and his guests can enjoy every comfort.

The large fitness area at the stern also has a great impact.  It almost overlooks the “little beach” close to the sea at the stern, a distinctive feature of CRN and a “must have” for the clients who are given the possibility to experience and have direct contact with the sea.

Moreover, the boat is supported by an innovative, integrated entertainment system.  An info and domotics system, called  “myOlos”, developed through the partnership of the shipyard, Videoworks and Intel to obtain on board functionality and a more user-friendly technology for the Clients of CRN.  Through an iPod, this system manages and controls all the entertainment functions – including audio and video on demand – air-conditioning, on board monitoring, lighting and curtains.

The seventh hull of a successful line, this mega yacht is a masterpiece of design and the made in Italy by CRN.

M/Y CRN  130 of 60 metres

The elongated streamlined profile and the imposing cream-coloured hull, strongly characterizes this 60 metre leisure boat, hull number 130 of the shipyard, made of steel and aluminium, and commissioned to CRN by a European ship owner.

The slim and sleek bow and the imposing volumes with wide spaces overlooking the sea characterize this mega yacht, whose external lines bear the signature of Zuccon International Project Studio, that worked in close collaboration with the technical office of CRN, while the interior design was taken care of by architects Alexandre and Cristina Negoescu.

Hull 130 was built on a naval platform of 10.20 metres, the same used for other famous boats such as the CRN 126 “Blue Eyes” and CRN 128, both of 60 metres. The same philosophy and technological innovations are found in the open spaces that distinguish CRN:  the terrace in the master cabin and the beach club at the stern and the stern hatch that turns into a big beach close to the water.

The new vessel can accommodate 12 guests in 5 guest cabins, the master cabin and 14 crew members.

Circular patterns prevail in the interior design, giving it a new image of on board comfort, with fluid spaces, which open up and extend to all the other areas.  There is also a minimal style and an art deco spirit that fuse with elegance and sophistication, representing modern style.

Its minimalist décor, its monochromatic interiors and its sinuous forms, create a new contemporary habitat of extreme pleasure.

She is equipped with two CATERPILLAR 3512B-Chp 1’455 kW@1835 rpm engines that cruise at the maximum speed of 15 knots and a cruising speed of 14 knots.

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Italy’s largest yacht makers are resisting the price cuts started by overseas rivals and will target wealthy consumers by offering more services and eco- friendlier vessels.

“Whoever is cutting prices heavily is committing suicide, » said Paolo Vitelli, Azimut Benetti Group chief executive officer, in an interview at the Genoa Boat Show, which started on Oct. 3. “The buyer would probably think you have a product that loses its value quickly » if you resort to price cutting, he said.

Yacht makers are suffering after international boat sales fell about 30 percent last year and some customers canceled orders amid the worst recession in six decades. At the Monaco Yacht Show last month, boat builders from across Europe, including London-based Burgess Yachts, said they’re lowering prices by as much as 20 percent to spur sales.

Italy is the world’s largest maker of mega-yachts, luxury vessels longer than 70 meters (230 feet). At the Monaco show, boatmakers said sales of smaller boats are drying up as their traditional buyers such as bankers, hedge fund executives and entrepreneurs lose access to credit.

Azimut Benetti and Ferretti sell boats for as much as 80 million euros ($117 million). Azimut yachts start at 300,000 euros. Some come fitted with spiral staircases, marble bathrooms and furnishings from the Fendi Casa collection.

Opulence

Ferretti’s most opulent offerings include custom- designed CRN yachts, which can exceed 200 feet. A similar length GiVi vessel comes with a gym, helicopter pad and what Ferretti calls a “wellness area. » The company sells boats starting at about 500,000 euros under nine brands, including Riva and Bertram.

“Responding to the crisis by cutting prices, reminds me of when Italy devalued the lira to make its exports more competitive, » Salvatore Basile, CEO of Forli, Italy-based Ferretti Group, said in an interview. “That tactic lasted about six months after which inflation kicks in and you have to start all over again. It’s a little like a boomerang. »

Azimut Benetti, which introduced 15 boats this year, is offering financing for up to 15 years, no repayment for the first year, and a three-year guarantee. Ferretti has presented five boats and plans a further 10 by the end of 2010. Messina, Sicily- based Aicon SpA, which sells luxury vessels for as much as 10 million euros and sells Morgan yachts, plans to introduce a third brand.

New Kind of Buyer

A new kind of buyer is emerging, looking for greater comfort, lower fuel consumption and more environmentally friendly yachts that allow them to enter into protected areas, Aicon CEO Pasquale Siclari said, adding that buyers are tending to avoid showing off. Aicon’s third brand will be dedicated to “quality rather than just speed, » he said.

“They want more for their money, they are going slower, want eco-compatibility, and the market is going to have to adapt, » Anton Francesco Albertoni, chairman of Italy’s marine industry association UCINA, said in an interview.

“The real rich continue to buy, » and yachts for 5 million euros are doing well, while boats at the lowest end of Aicon’s range at 1 million euros are suffering the most, Siclari said in an interview on board a company yacht during the show.

Signs of Recovery

Azimut Benetti has seen signs of recovery in the U.S. linked to financing, and the Russian market may be catching up even faster after dropping to zero earlier in the year, Vitelli said. Interest has emerged from the rest of the world over the past month and the company has found replacement buyers for orders that were canceled between October 2008 and March, he said.

Ferretti has received more orders following last month’s Cannes boat show than the same time last year, Basile said. It’s in talks on two boat orders from Russia.

Basile concedes he’d be willing to sell a boat “at a strong discount » if it had been left unsold for a year, a problem many yacht makers are having amid the recession. “That doesn’t mean to say that we will build boats from scratch to sell at a discount, » he said.

Aicon’s Siclari said that its sales in Greece and Central America were going well for his company.

Sales of Azimut Benetti yachts in the year ending August may have fallen about 37 percent to almost 700 million euros, while the Ferretti Group’s dropped about 11 percent to 800 million euros, the executives said. The CEO of Aicon, whose sales in the period ending August 2008 fell more than 60 percent to 70 million euros, declined to comment on sales in the most recent period.

The Genoa boat show is the world’s biggest, taking into account the land and port area dedicated to the event, according to UCINA. The show, which ends on Oct. 11, hosts 2,400 vessels.

Bloomberg

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The Ferretti Group, a world leader within the sphere of designing, construction and marketing of motoryachts, encompassing a unique portfolio of nine of the most exclusive brands in the nautical world, opens the first, eagerly-awaited event of the 2009-2010 nautical season, the XXXII Festival International De La Plaisance in Cannes, by presenting an impressive 37 yachts, of which 3 are world previews.

During the traditional Ferretti Group Meeting, at its seventh edition this year, the Ferretti Group presented the preliminary 2009 results for the nautical year ending at 31st August 2009. Although the year was characterised by a particularly negative macro-economic situation, the Group performed better compared to the nautical market trend. Indeed, as at 31st August 2009 the Ferretti Group registered preliminary Revenues of around 800 million Euro.

This result, although less than 12% down compared to the 900 million Euro registered on 31st August 2008, is better than the one achieved by the nautical market in average, which registered a drop of between 20% and 30%, over the last year.

This occasion comes at the end of a complex year for the Group, which has managed to respond to the demand of a nautical market that has changed significantly, thus reconfirming itself as one of the greatest examples of Made in Italy in the world. At the end of July 2009, the Group appointed its new Board of Directors and Salvatore Basile as CEO. These important measures have been taken in order to implement the strategic Plan carried out over the past few months, which will enable the Ferretti Group to consolidate its leadership in the nautical sector and continue the growth process , which has characterized its 41 years of history.

Given this context, the Ferretti Group has implemented and is continuing to implement a series of measures aimed at strengthening the synergies of a Group, which encompasses 9 of the most famous and historical brands in the world of pleasure boating panorama and boasts the most advanced skills in terms of naval research and design. With the aim of responding to an increasing need for flexibility and speed in decisions, along with the ability to understand and anticipate its Clients’ demand, the Group has modified its internal organization, centralizing the various functions while focusing on the characteristics and distinctive features of each Brand. The Industrial and Commercial Directions will play a key role, alongside the Organization and HR Direction, the Financial Direction and the Strategic Planning Direction, the latter of which has been created with the aim of best facing the challenges of today’s nautical market. Alongside these directions, the Group Communication will have staff functions.

From the technological innovation point of view, the Ferretti Group is continuing to launch important innovations to order to satisfy the demand of Clients all over the world. In fact, the Group is preparing itself to present an impressive 15 new yachts, beginning with the Festival International de la Plaisance in Cannes. It will display 5 new models at the 2009 autumn boat shows and will launch another 10 new yachts by the end of October 2010.

Moreover, Ferretti Group recently presented FAIR (Ferretti Analysis Integral Recorder), the first integrated system for monitoring the performance of Group yachts during testing, which makes it possible not only to obtain all operating data simultaneously, but also to analyze and process them. The system is exclusive to Ferretti Group yachts and represents the achievement of yet another goal in terms of research and innovation, in order to assure that Clients are supplied with a product that is guaranteed by objective results which conform to its specifications.

From the commercial point of view, the Group still continued to concentrate not only on Europe and the Mediterranean, but on emerging markets too, such as those of Eastern Europe and the Far and Middle East. Lastly, the American market continues to be a strategic area for the Group which, following the acquisition of the assets, brands and activities of Allied Marine in August 2008, entered strategically important sector with high added value. These include distribution, after sales assistance services and contributed to further consolidating the Group’s position on the market during this nautical year.

Important projects have also been developed within the sphere of services to the nautical industry of the Group. Ferretti has always been heedful of its Clients’ demand and recently launched “Easea >show », a permanent exhibition of the Group’s brands’ main yachts, set up at Cattolica Marina. Devised to further enrich the excellence range of services dedicated to its Clients, “Easea>show » is an exclusive, personalized showcase of the Ferretti Yachts, Pershing, Itama, Mochi Craft and Custom Line fleets which, starting from autumn 2009, will involve all the other Ferretti Group brands, too.

From the business point of view, the Ferretti Group once again confirms its great dynamism, through the presentation in world preview of 3 new yachts: Ferretti 560, Riva 86′ Domino and CRN 43 “Sofico ». After the Festival International de la Plaisance in Cannes, the Ferretti Group will, as usual, be present at the autumn boat shows of Monte Carlo, Genoa and Fort Lauderdale.

“This year, more than in past years, I am truly satisfied to be opening the Festival in Cannes together with our dealers, suppliers, partners and the Italian and international press, » declared Norberto Ferretti, Ferretti Group Chairman and Founder. “The year which has just ended, was a complex one for our Group, but we have overcome it and are now stronger than before. It is important not to stop, to do more and more, continuously renewing ourselves and seizing the increasing technological and organizational challenges that characterize and continue to characterize the nautical industry. Cannes, once again, transmits great emotion. The excitement with which boating lovers and nautical companies await our yachts, confirms the great passion surrounding our products ».

“I am very proud to be here in Cannes and this is the perfect opportunity for me to thank the Chairman and the Group shareholders, once again, for trusting me and for the projects awaiting our group, » commented Salvatore Basile, Ferretti Group CEO, during the traditional Ferretti Group Meeting at the opening of the Cannes boat show. “Now we can look towards the future with more confidence, also due to the significant commitment and constant devotion and passion, which have always characterized the Ferretti Group.

International growth, technological excellence and greater and greater attention to Clients and services are key factors for consolidating our leadership and enabling us to look confidently to the future. We are united by the common commitment and passion of a Group, which does not want simply to satisfy its Clients demand but, rather, to make them pleased to have chosen our product ».

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