Brazilian shipyard Indòstria Naval do Ceará, or Inace for short, was founded in 1968 by economist and angler Dr. Gil Bezerra. The family-owned and run shipyard specialised in building military ships and commercial fishing vessels until 1987, when it formed its luxury yacht division. A pioneer in aluminium construction, luxury yacht builder Inace initially marketed its innovative aluminium explorer yachts in the U.S., then expanded into the world market. In 1993, the Inace Group diversified its business by entering the luxury hotel and marina market.