The SuperYacht Times Synopsis, as brought to you by SYT iQ, gives you the rundown of the top business stories and market reports from last month.

Big five business readsPhoto: Léandre Loyseau / SuperYacht TimesSale of seized Russian-owned superyacht Axioma mandated by Supreme Court 

The superyacht is allegedly owned by Dmitry Pumpyansky, a shareholder of Pyrene Investments. It is Pumpyansky’s involvement with Pyrene Investments that has resulted in this mandate.

Sunreef Yachts expands into Middle East with new shipyard in Ras Al-Khaimah

This is the first time the Polish shipyard has set up shop overseas, and the yard has said the decision comes from a “rising demand from the Middle East, Asia and Australia” for its catamarans.  

Azimut | Benetti reports strong financial health and a record-breaking order book of €2.5b

The Group reports that these results are synonymous with long-term economic and design solidity, consolidating Azimut|Benetti’s position as a leader in the luxury yacht industry.

More brokers accept BitPay amid crypto market uncertainty

Even amidst the great crypto crash, many brokerage firms are adding these payment types to their portfolios – this trend highlights an expectation that crypto will bounce back. 

Dutch yacht builder Wajer Yachts takes over Zaadnoordijk Yachtbuilders

The two companies have previously worked together. This strategic acquisition will give both Dutch companies the opportunity to guarantee continuity.  Market reportIn The State of Yachting 2022  we identified that “Since 1985, the fleet has grown close to seven times in size, from just over 800 yachts to 5,396 yachts by the end of 2021. This is despite the fleet growth having slowed down noticeably after 2012, with the annual growth rate of the fleet since that year amounting to 2.8%.”

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Major superyacht projects sold Sale of new 80m Nobiskrug superyacht Project Bullseye announced

A new-build 80m Nobiskrug superyacht Project Bullseye, hull 798, has been sold. The new-build five deck yacht will also be exclusively designed by London-based studio Winch Design. ISA Yachts announces…