Ferretti Yachts has celebrated its 50th anniversary in Venice, reflecting the city's seafaring history as well as its art and its beauty. For the occasion, the Italian Navy and Air Force also joined in the event. Ferretti CEO Alberto Galassi called Venice "the most beautiful city in the world".

"We're here not only because we believe Italian boating expertise is the best in the world, but because Ferretti was founded 50 years ago, on the Adriatic, and Venice built its history of the Maritime Republic on the Adriatic," Galassi said. "For us it's a privilege to be able to enter in the Arsenale and show the world what Venice is capable of," he said, adding that he believes the perception of boating is changing in Italy.