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Editor in chief: Angelo Scorza
09/10/17 10:22

Vitelli acquired wholly Fraser Yachts

Azimut Benetti Group got 100% of the leading global yacht service provider by purchasing V.Ships' minority shares

Benetti Ulysses 56 m managed by Fraser

Azimut Benetti Group exercised the option providing for its right to purchase V.Ships' – minority shareholder since several years – shares in Fraser Yachts, thus getting from 83% to 100% of its share capital.

Said purchase is a significant step in the development and expansion strategy of the most important luxury yachts builder worldwide (since 17 years), working in 68 countries with a network of 138 sales and assistance offices.

As a matter of fact Fraser, with 150 employees and 15 offices worldwide, is the leading service and advice provider for yachts and super-yachts worldwide, dealing with Sales, Charter Retail, Charter Management, Yacht Management and Crew Placement. It purchases and sells over 50 super-yachts per year, corresponding to over 500 million Euro, it holds a 15% worldwide market share and it manages 120 super-yachts, with several dozen crew members, working in its own offices in Monaco, Fort Lauderdale, San Diego, Seattle, London, Palma, Bodrum, Doha, Dubai, Kuwait, Singapore and Sydney, and soon also in New York and Hong Kong.

“The purchase is part of the Group's strategic plan to provide shipowners with the best yachts as well as the best services. We are the only nautical player worldwide to help shipowners with the purchase and management of vessels, providing refit and repair services, selecting their crew and chartering vessels until their resale”, explained Paolo Vitelli, Chairman of Azimut Benetti Group's – including the well-know trademarks Azimut Yachts and Benetti, Yachtique, the service division exclusively for shipowners, Fraser Yachts, specialised in brokerage, and Lusben, specialised in refit.

Benetti, dealing with the construction and sale of mega and super yachts, aims at strengthening its leadership in Southern Europe, at building mega yachts longer than 90 meters – i.e. giga yachts: 3 are currently under construction, after the first delivery – and at launching its Oasis line, a new lifestyle product besides the traditional Navetta. The latest technological frontier are the innovative propulsion systems manufactured exclusively by Rolls Royce.

Azimut Yachts' expansion program provides for an intense launch plan of new products related to its 5 collections, with significant investments in research and development, gradual usage of carbon fibre and recruitment of the most well-know interior designers worldwide.   

An incredible 17th edition of the Fraser Captains’ Dinner to celebrate 70 years of chartering

The 17th edition of the most popular Fraser Captains’ Dinner - held every year to thank the charter Captains and crew who work so hard for their guests throughout the year - took place once again at the Monaco Yacht Club during the Monaco Yacht Show and welcomed over 400 guests, welcomed with champagne and who - after the emotionally charged awards ceremony - could enjoy a delicious buffet with foods from all around the world with superior wine.

The awards were presented by Lisa Peck, Global Marketing Manager of Fraser, Raphael Sauleau CEO of Fraser and Roberto Giorgi Chairman of Fraser.

This year, the 70th anniversary of Fraser, saw an incredible selection of prizes generously provided by the sponsors of the evening, many of them long standing partners.

TAG : Yacht