The new “patrons” of boating industry: who are this investors? | Episode 1

Ferretti barche a motore

The recreational boating market has known a revolution in the last few years. Once, behind the brand of a shipyard  stood a man, the founder, a boat builder who managed to create a company. Cutting-edge figures, genial in some ways, like Michele Franchini or Pietro Baglietto. More often, the shipyard was a family company that rotated around a “patron”, possibly a boat enthusiast, who involved his children and grandchildren in his business.

Then, the global crisis came and not only most of these family-run shipyards were swept over. The historical owners were confronted with harsh reality: to go bankrupt or to sell, to sell all or part of shares, to let new investors enter. The new “patrons” of the boating industry are mainly individuals outside this world who operate in other economic sectors: industrial groups, multinational corporations, holding companies, businessmen, bankers and investment funds. What attracts them towards such an insidious market?  The crisis of the field certainly plays a decisive role.

barche a motore chi investe nei cantieri

Economy is cyclical and market downturns are always followed by a growth. Moreover, boating industry is appealing, no matter the economic climate. Boats and yachts represent a status symbol tied to luxury, wealth, free time. And there also cases of businessmen who love the sea and decide to invest in the boating industry more for passion than for business. But who are these investors? Let’s see together which industrial and financial groups stand behind the major brands of the Italian and international shipbuilding industry.

The courage of Tan Xuguang that has bet on Ferretti

Exemplary  is the case of the shipyard Ferretti. The Italian giant, one among the world leaders of luxury yachts, was just one step away from the disaster in 2012. Then, Tan Xuguang came. Born in 1961, Tan Xuguang is nicknamed “ Da Dan” within the Chinese business environment, a Mandarin expression used to indicate a highly brave person.  Mr. Xuguang is the leader of the Shandong Heavy Industry Group (Shig)-Weichai, one among the largest Chinese societies in the manufacture of diesel engines and heavy-duty vehicles. In 2012, Shig-Weichai bought 86.8% of Ferretti for EUR 374 million ( 178 of which were invested in the capital and 196 in new credit lines). The Italian group has maintained an Italian CEO, Alberto Galassi, but has changed all the management and restarted brilliantly: Ferretti Group closed 2017 with EUR 16.5 million of profits and 1,500  employees.

Wang Janlin sunseeker barche a motoreSunseeker’s relaunch goes through the Italian football patron 

The same script was written by the prestigious British yacht builder Sunseeker. After a long prosperous period, in 2013 the shipyard registered losses that amounted to many millions of pounds. Wang Jianlin, the third richest man in China and leader of the Dalian Wanda holding company, the largest Chinese real estate society, the first world’s group in film distribution, the owner of “Cirque du Soleil”, “ Club Med” holiday villages, Atletico Madrid and Football League TV rights. In 2013, Wang Jianlin bought Sunseeker for 495 million dollars. Today, it seems that the Chinese society wants to resell the shipyard. Meanwhile, however, Sunseeker has registered a 50% growth in turnover in 2017 compared with 2015.

Predator 50 barche a motore
Predator 50 di Sunseeker



Leave a Comment

Your email address will not be published.

Sei già abbonato?

In evidenza

Può interessarti anche

Guardia costiera SAR 300

Boating homicide, soon to be law. These are the penalties

Boating homicide, soon the crime will be law. The Senate approved in session No. 34 on Jan. 31, 2023, almost unanimously, the abbreviated procedure for the approval of the bill to introduce the crime of boating homicide. That’s what it’s

barche a motore

Insurance: with Kasko for the boat you really stay safe

  The boat and the automobile are both means of transportation, and therefore the same principles apply to both from the point of view of insurance protection. This is only partly true, because the boat is actually much more exposed

Scroll to Top