CRN News

March 03, 2008:CRN Shipyard: The folks at the CRN shipyard got a supprise when the President of the Italian Republic paid a visit earlier in this month. The supprise came when he arrived ahead of schedule at 5:30 pm.

While there, he visited the building facilities housing 40 and 43M composite yachts as well as the steel mega-yachts. Norberto Ferretti went on to open the evening's proceedings while standing near the 72M Clarena project. For more on the Presidential visit to the CRN yard, visit here...

http://www.*************/en/media_com_desc.jsp?idc=536

Clarena II newer pics...

There are some new hull and superstructure pictures of the 72M Clarena II being crawled into the building shed at CRN. Refer to the scrolling pics on the side of the main picture.

http://www.*************/en/general_avanzamento.jsp?id=40&sez=Under%20Construction

43M Hana

March 29, 2008:CRN Shipyard: CRN Shipyards, a member of the Ferretti Group has announced the launch of a newbuild. This time it is the 43M displacement luxury yacht Hana.

Hana was launched last Saturday, the 29th of March and represents the second vessel in the new 43M displacement series. The first being the 43M Emerald Star. More news on this launch to come.

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Model: CRN 43M
LOA: 42.60M
BOA: 8.65M
Draught: 2.35M
Displacement: 330 tons
Engines: 2 X CAT C32's
Speed: 15.5 knots (maximum) ; 13.0 knots (cruising)
Range: 4,000 NM at 12 knots
Water: 7,000 L
Fuel: 45,000 L
N/A: CRN
Interior: Zuccon International
Exterior: Zuccon International


http://www.*************/en/media_com_desc.jsp?idc=541

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CRN 57M Romantic launch

April 26,2008:CRN SHipyard: CRN shipyards announces the launch of the 57M Romance on Saturday 26 of April, 2008. The Romance is build number 122 and is of steel and aluminum construction. This vessel will be an ocean-going full displacement yacht.

The Romance will weigh in at 785 tonnes fully loaded. When completed she will be able to cater for 12 guests in 6 rooms. The crew of 10 will be accommodated in 6 cabins as well.

This 57M yacht has 2 XCAT 3512B 1454 kW marine engines that will eventually push her to a maximum speed of 15 knots. A significant range of 4,000 NM can be achieved at 12 knots.

The Naval Architecture of the Romance has been formulated by the CRN engineering department while the interior and exterior styling is by Zuccon International Project. The Romance has been built to LR 100-A1-SSC -"Y", MONO, G6, *LMC, UMS, MCA compliance.

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LOA: 185.00 feet
BOA: 33.60 feet
Displacement: 785 tonnes
Engines: 2 X CAT 3512B 1454 KW
Speed: 15 knots (maximum) ; 14 (cruising)
Range: 4,000 NM at 12 knots
Materials: Steel (hull) ; Superstructure (aluminum)
Fuel: 29,000 US gal
Water: 5,810 US gal
Hull ID: 122
N/A: CRN
Interior: Zuccon International Project
Exterior: Zuccon International Project
Builder: CRN
Year: 2008

http://www.*************

59M Hull transferred

April 23, 2008: CRN Shipyards: "59M Hull Transferred": CRN Shipyards have informed that the hull of their 59M yacht has been transferred to the indoor building hall where she will remained untill launch in 2010.

They advised that the superstucture of the 59M will be mated with its hull before Summer begins. "The mega-yacht, whose owner is Italian, will also boast a number of particularly innovative solutions for the garage and the movement of the tender inside the garage."

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http://www.*************/en/media_com.jsp

Press Release of Romance

Here is the full Press Release for the launch of the 57M Romance.

April 26,2008: CRN Shipyards:"CRN LAUNCHES THE 57-MT MEGA-YACHT "ROMANCE"
"Less than a month following the launching of its of its latest 43-metre maxi-yacht, CRN is enjoying another grand celebration. In a very private ceremony for the shipowner and his guests, the shipyard of the Ferretti Group has just launched “Romance”, an impressive 57-metre mega-yacht made of steel and aluminium.

CRN continues along its path of development and growth, with the launching of a 60m steel ship scheduled for late July, and the unveiling of the third 43m composite ship on the calendar for September. Confirming the major international success of the CNR shipyard is the production schedule for steel mega-yachts on order: filled through 2013, while composite-vessel production capacity is booked through 2011.

The stirring ceremony began with a heartfelt greeting from CRN President Lamberto Tacoli, who took the time to thank each of the staff members of the shipyard’s different departments, naming them one by one. “I want to thank the client company for having worked so closely with us in creating the ship – began President Tacoli – together with all the employees of the shipyard, at every level, who have worked for two years to arrive at the successful completion of this sophisticated project. They make for a strong, close-knit team: the heart and soul of our company”.

After the priest’s blessing and the traditional breaking of the bottle, the launch ceremony for “Romance” was topped off by the thrilling slide down the ramp. A touching moment, underlined by the notes of Giacomo Puccini’s celebrated aria “Turandot” and accompanied by rousing applause from the public.

The fully custom-made vessel, project number 122 for the shipyard, has a pool on its sundeck measuring 6 metres in length and 2.5 metres in width and equipped with an adjustable current mechanism that makes possible “treadmill” swimming.

The external lines were designed in a joint effort involving the CRN technical staff and the Zuccon International Project Firm, while the extremely sophisticated, complex interiors were arrived at through close give-and-take between the owner and the Design Department of the Ancona complex.

The regal atmosphere is the result of the variety of materials and decorative elements, all inspired exclusively by the magnificence of the Baroque style found throughout “Romance”: a genuine expression of the concept of unadulterated, awe-inspiring luxury.

Precious materials such as onyx, silk and gold are customised to create a stage-like effect of grandiosity and opulence. The complexity of the entire work is further reflected in the furniture, all of its custom-made: in true seventeenth-century fashion, the one-of-a-kind, aristocratic forms are rendered even more stunning by inlays, lacquered decorations and gold appliqués.

An unmatched feature is the fully operative wood stove found in the large panoramic lounge on the upper deck.

With “Romance” CRN takes the idea of onboard wellbeing to an even higher level. The ship has an area with a Turkish bath and aroma-therapy, a sauna made of scented fir, a massage room with a beauty shop and a fitness room: nothing less than a beauty farm on the sea, with exclusive design features throughout the ship.

A total of 12 guests and 10 crew members can be lodged on this mega-yacht, which is ready to set sail at a top speed of 15 knots and a cruising speed of 14."

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http://www.*************/en/media_com_desc.jsp?idc=547

http://www.*************

It looks as though as the 60 M new build number hull CRN128 will be called Mama. If you take a look at her stern in the scrolling renderings you will see this name. This vessel will have an LOA of 59.50M, beam of 10.20M and a draught of 3.00 M.

A full load displacement is expected to be around 775 tonnes. 2 X CAT C9 175kW 380V 50Hz engines will be employed to produce an envisioned maximum speed of 15 knots with a cruising of 14 knots.

The range at 14 knots is an astounding 4,000 NM. Her Naval Architecture is derived by CRN Engineering department while the interior and exterior styling is by Zuccon International Project. Her classification is Lloyd's Register of Shipping.

This vessel will carry around 12 guests who will be serviced by 14 crew members. These 12 guests will be accommodated in 5 X double cabins and 1 X owner's suite.

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http://www.*************/en/general_presentazione.jsp?id=56&sez=Under%20Construction

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New pictures of the 57M Romance launch are available on the builder's website:

http://www.*************/en/general_rendering.jsp?id=53&sez=Under%20Construction

CRN finally issues the full batch of interior and exterior pictures of the "Romance". She has in interesting contemporary interior with lots of frills and decals and details.

http://www.*************/en/general_interni.jsp?id=53&sez=Last%20Launched

New Launch: "New CRN Website"

CRN Shipyards has just launched their brand new website that is significantly more user-friendly. The website contains the latest news and beautiful renderings of new projects that are underconstruction. Congratulations CRN!

http://www.*************

CRN has updated their website once more with pictures and other information on the "Rebuccan", the third 43-meter in the series that started with "Emerald Star", followed by "Hana".

CRN has updated a bit on the in-build 72-meter "Clarena II". There is a nice short 3D video clipping of her and what she will finally look like on the website. I am anxious to see this yacht launched!

Just got some news, CRN 72-meter "Clarena II" will launch on September 19th. Aside from this, CRN will be displaying 3 of their recent launches at the Cannes and Monaco Yacht Shows in September. Clarena II, "Blue Eyes"and "Rubeccan" will be the yachts on display. Clarena II is the largest yacht to date that CRN have built and will launch. Come 2011, the 80-meter will be the largest.

Ferretti reworked

Ferretti S.p.A.: Debt Restructuring finalised and new Board of Directors appointed​

Forlì, 22nd July 2009 - Ferretti S.p.A. announces the finalisation of its debt restructuring, according to an agreement which also envisages:

- reducing the long-term debt, from about €1.1 billion to around €550 million, against a conversion of credits into exit participation rights;
- the inflow of new funds through a capital increase of €85 million, of which €70 million underwritten by Chairman Norberto Ferretti and some of the Group management, the remaining € 15 million by Mediobanca - Banca di Credito Finanziario S.p.A.;
- further medium-term credit facilities to fund working capital requirements totalling €65 million;
- extension to medium-term of existing short-term facilities for a further € 24 million granted by three major financial institutions, already Ferretti group partners.

The Group's equity is now held by Norberto Ferretti and the Group's management (38.2%), Mediobanca (8.8%) and senior and mezzanine lenders (for a total of 53% in exit participation rights). In particular, as a result of the agreement, Norberto Ferretti, the Group's management and Mediobanca hold 100% of the Group's voting rights.

Norberto Ferretti, the Group's management and Mediobanca have finalized the acquisition of Ferretti S.p.A. and implemented the capital increase through newCo Ferretti Holding S.p.A., for which Mediobanca also acted as financial advisor.

Today, the Group's shareholders also appointed the new Board of Directors, which will remain in office for the 2009-2011 period, until the General Shareholders' Meeting convened to approve the financial statements for the year ending August 31, 2011. The new Board of Directors is composed of the following members:

- Norberto Ferretti - Chairman
- Salvatore Basile - Chief Executive Officer
- Alessandro Foti - Vice Chairman
- Giancarlo Galeone - Director
- Lamberto Tacoli - Director
- Augusto Fantozzi - Director
- Mario Giuseppe Rossetti - Director


Salvatore Basile is the new Chief Executive Officer of Ferretti S.p.A. Chairman and Founder, Norberto Ferretti, the management and Mediobanca express their full satisfaction concerning the arrival of a highly experienced businessman and manager of Salvatore Basile's stature.

The appointment of the new Board of Directors of Ferretti S.p.A. and Salvatore Basile as Chief Executive Officer represents a further step forward with the implementation of the Industrial Plan started in recent months, which will allow the Group to consolidate its leadership in the boating sector and to continue with the process of growth that has characterized its 41 years of history.

"I am very satisfied Salvatore Basile is joining our Group," commented Norberto Ferretti, Chairman and Founder of the Ferretti Group. "By drawing on the strong experience he has accumulated over the years, Salvatore Basile will make a decisive contribution to the development of our projects. I would also like to extend my gratitude to the new Board of Directors, as well as the management and Mediobanca, for their commitment over the past few months," concluded Norberto Ferretti, "and for the important role they have played in our efforts to continue to serve as a prestigious example of innovation and excellence."

"I thank the Chairman and the Board of Directors for the trust they have placed in me," declared Salvatore Basile, Chief Executive Officer of the Ferretti Group. "I am highly satisfied with my new position and proud to be able to take on this new challenge with a Group of Ferretti's prestige and worldwide renown".

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Does hull 126 60-meter "Blue Eyes" have anything to do with the new 42-meter "Blue Eyes" from Admiral Yachts?

"Exuberance" will be the 6th hull in the CRN 43-meter series. She is in build at the moment for delivery in Spring 2010.

60-meter "Blues Eyes" has hit the charter market through one of the more popular brokers. Looking forward to to actual pics of the interior, the renderings suggest something really nice.

Clarena II

On the other hand, looks like CRN's largest build to date, the 72-meter "Clarena II" has been rolled out her shed according to pics I have seen on the yard's website. She has a nice light grey hull with a gold and black boot with black underwater hull. The superstructure is white.

Quite alot of work left to do though before her debut in Monaco. 19th of September was to be her launch date if I remember correctly.

"Blue Eyes" pics

The folks at CRN uploaded a heap of exterior shots of the "Blue Eyes". Unfortunately no interior pics as yet it seems. She is a superb looking yacht!