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Benetti Yachts comes from a long-standing builder in the business, based out of Darsena, Italy. In 1873, Lorenzo Benetti opened the Benetti shipyard, and in 1954 Fratelli Benetti focused the business on motor and sailing yachts. By 1985, Paolo Vitelli, owner of Azimut, took over the shipyard as Azimut-Benetti. Different lines of Benetti yachts are made from composite materials, and steel. Benetti yachts range in size from 99 feet for a composite to 229 feet and beyond for steel construction. The shipyards have been recognized for six consecutive years by Showboats International Magazine as "Shipyard Number 1," and Azimut-Benetti was ranked number one by Yachts International Magazine. The Best New Semi-Production Series award was also given to the Benetti Vision series yachts. Lorenzo died in 1980 and the company fell into financial difficulties until 1984, when it was purchased by Paolo Vitelli, the owner of Azimut, who renamed it Benetti Shipyard. In 1988, Benetti built a ship to challenge for the transatlantic Blue Riband award but its efforts proved unsuccessful. Azimut-Benetti acquired the Cantiere navale fratelli Orlando in 2003 when the Livorno yard was in severe economic difficulties. The old shipyard has been partially demolished to make space for a residential and commercial area named Porta a Mare (Gate to sea), the part toward the entrance of the harbor was transformed with the construction of six huge sheds. Benetti Livorno shipyard has a covered area of 30,000 sq m, a production area of 28,000 sq m, an open area of 130,000 sq m and a total area of 190,000 sq m.

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