Brokerage news

Finally, after a long break the boot Düsseldorf is back. From 21 to 29 January a nine days of trade fair await with numerous boat and yacht premieres, a new diving tower, the sustainability forum "blue innovation dock", holiday regions from all over the world in the "Destination Seaside", tips for beginners and professional sailors and with wings foiling and windsurfing the hottest current water sports trends await their fans.At the boot Düsseldorf 2020Over 1,500 exhibitors in 16 exhibition halls on an area of 31 football pitches, translated into square meters: 220,000! Companies from 68 countries are on board. Nine hands-on activities and theme worlds invite sports enthusiasts and sea lovers to put their hand to the tiller themselves, get on the board, dive in, paddle or simply listen to exciting reports and exchange ideas with like-minded people. Here is our list of yachts that can’t be missed. Princess S7223.09mPrincess YachtsThe all-new Princess S72 is the latest addition to Princess Yachts' S Class family. Her sleek lines with full-length hull windows is a result of collaboration of the Princess Design Studio, naval architects Olesinski and Italian design house Pininfarina. She is equipped with twin 1,650hp or 1,800hp MAN V12 engines and can reach up to 36 knots.Azimut S722mAzimutAt boot Düsseldorf Azimut will present the sporty new entrant in the S Collection. The 22 meter S7 features the exterior design by Alberto Mancini, and joins Azimut’s Low Emission Yacht category. It is a boat that combines a sporty spirit with reduced environmental impact, made possible because the S7 draws on the most technologically advanced solutions in the yacht industry, involving the extensive use of carbon fiber to reduce the boat’s overall weight, a highly efficient propulsion system powered by three Volvo IPS engines, and perfectly optimized hull lines designed by P.L. Ausonio Naval Architecture. Pearl 7221.99m Pearl YachtsAfter the supremely popular Pearl 62, the larger sistership Pearl 72 is a yacht with distinctively British design. Her exterior features the sharp lines by Dixon Yacht Design, the interiors tend toward flexibility with a selection of three styles, each curated by Kelly Hoppen CBE. In terms of layout, the Pearl 72 has two master cabins. One is forward with a private entrance, as typically seen on much larger yachts, and the second is full beam amidships. Ferretti 58018.24mFerretti Yachts The new flybridge Ferretti Yachts 580 has ideal features for an intimate and comfortable experience of the sea in perfect Ferretti Yachts style. She was drawn by Filippo Salvetti and took place between the Ferretti 550 and the Ferretti 670. Her interior is available in two styles – Classic and Contemporary – with different characters. Sunseeker Superhawk 5517.13mSunseekerSunseeker Superhawk 55 is a world premiere, an agile performance model set to receive a spectacular unveiling at the show opening on Saturday 21st January 2023 at 14:30 (CET). A new open-top day boat set to thrill with sleek design, exquisite detailing, and exciting innovations. Powered by twin Volvo Penta D11 - IPS 950 engines matched with a hull form specifically designed for the IPS propulsion system, the Superhawk 55 is capable of a thrilling 38 knots with unparalleled agility.Invictus TT42012.3mInvictusThe new model that completes one of Invictus Yacht's most successful ranges is called TT420, and will make its world début at Düsseldorf. The profile of Invictus TT420, incorporating the stylistic features of its older sister TT460 (winner of the Design Innovation Award in 2020), is characterized by the elegant features of the windshield, which blend seamlessly into the carbon hardtop and further streamline the powerful mass of this model. The integral glass windshield with wipers, in particular, represents an unusual solution on this size of boat and protects during navigation. At the same time, a front opening system ensures an effective air circulation when at anchor.Bavaria SR3310.89mBavariaBavaria SR33 is the smallest model of the shipyard’s successful SR-Line for the 2023 season, following the SR41 and the SR36. Designed by Marco Casali, the SR33 is a perfect example of creating space for life on deck. Below deck, the Bavaria SR33 impresses with a well-thought-out room layout, providing generous space for four people.Capoforte SQ240i7.38mCapoforteThe first electric model by the Italian brand on display at the boot Düsseldorf. She is equipped with the 50kW Molabo ISCAD V50 inboard motor. With its 7.38 meter length and 2.46 meter width, Capoforte SQ240i can carry up to ten people, thus concentrating a new sailing philosophy in less than eight meters. Credits: Azimut; Bavaria; boot; Capoforte; Ferretti Yachts; Invictus; Pearl Yachts; Princess; Sunseeker

Last year’s superyacht sales were still higher compared to any pre-pandemic year both on the brokerage and new build sides of the market. 2022 Summary The number of transactions on the superyacht market in 2022 did not reach the record figures of 2021, yet substantially exceeded the results of any other previous year - 502. The sales were higher than in 2018-2020 in almost every size sector. Among the most significant sales of the 2022 were Golden Odyssey (Lurssen, 123m), Carinthia VII (Lurssen 97m), Palladium (Blohm+Voss, 95m) and Tatoosh (Nobiskrug, 92m). The 2022 holds a record in terms of new listings – 606 yachts were introduced to the market.2022 Dynamics The surge in demand and record sales of 2021 encouraged a lot of sellers to test the market with speculative asking prices. This provided an increase in new listings during Q1 2022 and supply outstripping demand for the first time over a year. The political uncertainty since the Ukrainian crisis breakout led buyers to become more cost-conscious than ever. They kept looking for reasonably priced opportunities, including off-the-market yachts. The lack of reasonably priced offers and world events have understandably slowed the market during Q2-Q3. Ahead of the autumn boat shows in Cannes, Monaco and Fort Lauderdale the brokerage market demonstrated another surge in the number of owners putting their yachts up for sale in August-September.The last quarter of 2022 was especially notable for an unusually high number of price reductions in October-November, as many owners were seeking to close deals before the end of the year and ahead of any possible negative political and economical developments that may influence the market. The number of sales was slightly higher than in Q2-Q3, but still below the Q1 results.2022 Trends 1. Average last asking price of brokerage yachts sold in 2022 was higher than in 2021.2021: avg last asking price €11mln2022: avg last asking price €13mln 2. With the market being very tight and the demand ever high there was a significant decrease in the average number of days yachts spent on the market in 2022 vs 2021. Good reasonably priced yachts were selling really fast. 3. The number of new orders in 2022 decreased in comparison to 2021, but still exceeded all previous years.2021: 312 new build contracts57% - 30-40m5% - 80m+ 2022: 202 new build contracts51% - 30-40m6% - 80m+ 4. On the back of increased demand, many shipyards raised their new construction prices by 10-20%. As a result, a huge price gap can be seen between the new yachts and 10-15 years old brokerage yachts. 5. All the shipyards, including less promoted and relatively new to the market, have their order books stretched into 2026. Even builders of production GRP yachts are now selling slots with deliveries in 2025. Now it is especially important to be in contact with brokers to find good opportunities like projects on various stages of construction to cut delivery times. 6. Because of the increased demand and the heavy workload in the yards, contracts are now being concluded 6 to 18 months before the start of construction work (mostly for small and GRP yachts).2023 Predictions Though rising fortunes and increasing number of billionaires promise more buying force on the market, the global uncertainty and lack of supply are going to put some serious pressure on the sales in 2023. With the build slots completely sold-out for the next 2-3 years the new construction market is going to be very tight. Though we may of course see a number of distressed sales, owners are likely to remain stiff on their asking prices, not least because of the high replacement costs. Pick of the market:New Construction below 40mBenetti Oasis 34M, delivery 2024. Asking price € 17,258,250Azimut Grande 38 Tri-Deck, delivery 2023. Asking price € 22,000,000Moonen 110, delivery 2023. Asking price € 17,000,000Pick of the market:Brokerage yachts 40-60mKamalaya, 55m, Amels, 2013. Asking price € 31,500,000Sibelle, 50m, Heesen, 2015. Asking price € 27,500,000The Shadow, 41.15m, Mondomarine, 2013. Asking price € 9,900,000Pick of the market: Expedition yachtsAudace, 46.8m, Cantiere delle Marche, 2019. Asking price € 26,000,000Project Fox, 35m, Pendennis, delivery 2024. Asking price € 17,000,000Ragnar, 68.2m, Koninklijke Nielsen Sander / Icon Yachts, 2020. Asking price € 69,500,000Sponsored by YT PartnersE. ask@yt.partnersT. +44 7384 140774

Lazzarini Design surprised us again with its newest concept Plectrum, a 74-meter superyacht powered by a foiling system inspired by America’s cup sail yacht (Prada’s 2023 model). The superyacht runs on three hydrogen-powered motors (fuel cells), 5000hp each (15,000 hp in total) and can reach an estimated maximum speed of 75 knots. After 15 knots the yacht can lift above the water surface. The yacht spreads across four decks and can accommodate 12 guests across six cabins, and an owner suite, which is located on the main deck. She features a swimming pool, a helipad and helicopter hangar and a spacious garage, which can accommodate two tenders, water toys and a car. Credits: Lazzarini Design

In 2023 Sanlorenzo, award winner of the 'Sustainability Excellence Award 2022', is the Project Partner of the Blue Innovation Dock, the Boot Düsseldorf platform that brings together voices and projects dedicated to sustainability, priority for the future not only of yachting. At the press-conference, hosted yesterday, Massimo Perotti, CEO of Sanlorenzo, announced that the shipyard is working on a launch of a net zero superyacht in 2027. Sanlorenzo Boot Dusseldorf stand designed by Piero LissoniThese are projects of absolute technological innovation that will be made possible thanks to exclusive strategic agreements with energy giants such as Siemens Energy. Despite the fact that yachting accounts for only 0.22% of the total GHG emissions of the entire shipping sector, (International Maritime Organisation, 2020), the introduction of innovations and technologies to reduce the environmental impact of yachts is becoming an increasingly central part of the Sanlorenzo Group's Research and Development department's business plan.After the exclusive agreement signed with Siemens Energy for the development and integration of combined reformer/fuel cell modules into the power supply system for hotellerie functions on yachts between 24 and 80 meters in length, and after the decision announced in September 2022 to develop such a system for the specific requirements of the new 50Steel, the Sanlorenzo Group can today state that the project's progress is proceeding right as planned.The testing phase of the first reformer/fuel cell modules has begun, while the basic design of the methanol/water supply, power management, condensation and ventilation systems has just been completed. At present, the components of the complete system that will be installed on board the first 50Steel unit in the Sanlorenzo shipyard in La Spezia at the beginning of 2024 are under preparation. Concurrently, the project team is engaged in the Risk Assessment of the entire hotel power generation system together with Lloyd’s Register.Once completed, this innovative application will represent the first concrete step in the generation of carbon-neutral power from new-generation fuels (E-methanol and bio-methanol) for the entire yachting industry.At the same time, Sanlorenzo is already thinking about a second step: the development of a carbon-neutral power generation system, with a substantial increase in the power developed by the reformer/fuel cell modules.This will make low-speed, wide-range navigation possible in carbon neutrality conditions through the hybrid propulsion system, overcoming the current limitations of systems, which in zero emission mode (main engines and generators off) can only rely on the modest energy capacity of the batteries. This second step will also require a technological leap in the yacht's structure and plant configuration.Sanlorenzo's R&D and technical department engineers together with Lloyd’s Register will tackle this challenge by focusing on the development of high capacity structural tanks suitable for the new fuel. These will be compatible with the limited space available on board and will take into account the strict regulations currently applied to large methanol transport vessels.The ultimate goal for Sanlorenzo includes an even more ambitious third step: the design and construction of a superyacht powered solely by green methanol. The generation of the power needed to sail at maximum speed will therefore no longer be tied to diesel engines, but rather will be based on a combination of fuel cells and internal combustion engines powered by green methanol.Sanlorenzo was founded in 1985 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 62 meters in length. Credits: Sanlorenzo

Inside Numarine’s 35,000 sq. m, climate-controlled production facility near Istanbul, there are currently 13 yachts total under construction in the 22XP, 26XP and 37XP ranges (the 37XP made its boat show debut last year). In the past five years the company has found a successful niche in crossover-style explorer yachts.37XP“2022 marked our 20th anniversary and was the best year we’ve ever had,” says Ömer Malaz, Chairman of Numarine. “And it looks like the next 12 months are just going to mimic it.” Numarine looks back on a successful 2022 and forward to the next 12 months that are looking just as promising.“We’ve delivered over 170 yachts to date, so we now have a very credible pedigree with aniche product”, says Malaz. He adds that exports account for around 70 per cent of Numarine sales with 20 percent in Turkey, 35 percent in the US, 25 percent from other European countries, and the remaining 10 percent from elsewhere.30XPTurkey is now challenging the top yacht-building nations of Italy, the Netherlands and Germany. According to SuperyachtTimes’ report State of Yachting 2022, the country’s shipyards rank third in the world, with 70 new builds over 24m under construction in 2022. The nation also overtook the Netherlands in terms of most yachts built between 30m-40m.The brand has also acquired land to expand its production with a new waterside facility, where Numarine will build its new flagship, the steel and aluminum tri-decker 45XP expected to enter serial production. Having delivered an average of eight boats a year for the past two decades, today Numarine is delivering a dozen yachts per annum and soon the tally will be nearer 15 once its new waterside facility is fully up and running.26XP“We are about to deliver our 37XP number 8 with another five in production and, down the line, we hope to have six 45s in production,” says Malaz. “I don’t think there is anything that a 60-meter or 70-meter yacht can do that a 45-meter cannot. That is why we’re staying under 50 meters for the foreseeable future.”Sustainability is another key issue that will only become more important in the coming years as prospective owners increasingly expect more sustainable building practices and greener onboard technologies. “If we do not address the problem, we become part of it,” says Malaz. “We are trying to be a leader in sustainability, not a follower.”22XPIn fact, Numarine has expanded its product range with an innovative new model, the diesel-hybrid 30XP, the first for the company with hybrid propulsion, which is scheduled to launch in 2024.Numarine, a European high-performance motor-yacht shipyard headquartered in Istanbul, offers a range of yachts from 19 to 45 meters.Credits: Kerem Sanliman; Numarine