VIAREGGIO — Overmarine, the Viareggio yard behind the Mangusta brand and what it bills as the world’s fastest superyacht, has closed 2025 with a €430mn order book, even as wider markets wobble. Turnover for the year reached €209 million.
The order book covers yachts due for delivery through 2027, and the yard delivers about 12 boats a year. Founded in 1985 and still family-run, the firm took its Mangusta name from the founder’s drive to overtake a faster rival, and now offers three lines, running from open speedsters to slower, roomier displacement cruisers. “We try to set ourselves apart by what we offer the client, a tailor-made experience, where the boat that is built is the boat they imagined,” says Victoria Balducci, Overmarine’s sales coordinator. “Our motto is, we are dream shapers. We give shape to dreams.”
US buyers shrug off tariffs
The US accounts for roughly half of Overmarine’s buyers. “Tariffs are not so much an issue, because in the end the boats are not imported under the American flag, so they are not subject to them,” Balducci says. “What clients feel more is the dollar’s purchasing power and the stock market. If the market is doing well, they are calmer.”
The pandemic drove a surge, she says, as buyers saw boats as safe, self-contained refuges, and many American clients relocated to Florida and moored a yacht outside often new real estate purchases.
The yard’s outlier is the Mangusta 165 REV, a 50-metre vessel built in vetroresina, or fibreglass, that runs at about 36 knots. Overmarine sits in a tight niche between 30 and 50 metres, where the real ceiling is volume rather than length, capped at a gross tonnage of 500, a standard measure of a vessel’s internal size.
No greenwashing, every piece checked
Precision is the selling point. “Every piece is fitted on board before it goes to painting,” Balducci says, describing checks so exacting that owners’ representatives log each cosmetic flaw before delivery.
On the environment, Balducci was blunt. “Our policy is no greenwashing,” she says. “We do real sustainability, not just on paper.” The aim is efficient boats that cut fuel use, not hybrid systems that look good yet add consumption over a yacht’s life.
Demand has not vanished, she adds. It has grown selective. Buyers tend already to own boats and are hunting the next one, and the job is to offer something the rest of the market simply cannot match.
