Yacht news

Latest yacht news

CRN launch 74m Cloud 9
CRN launch 74m Cloud 9
CRN Yachts, part of the Ferretti Group, have confirmed the launch of Cloud 9. The 74-meter...
How much does a superyacht actually cost?
Yachts are hardly a mass market product and yet the superyacht market has carved out a niche in...
Royal Huisman expands their shipyard facilities to Amsterdam
Royal Huisman is proud to announce their intention for the exclusive use of the facilities of...
Work in progress on the first CCN K40 explorer Kanga
Italian shipyard Cerri Cantiere Navali has shared the construction update on its new K...
Top 10 stories of the week
1. 98m superyacht Aviva hits the water at Abeking and RasmussenGerman shipyard, Abeking...
Jongert sells 47m yacht Revolution
Dutch shipyard Jongert is back on track with the sale of 47m Revolution brokered by Swell...
Top 5 photos of the week
Sunrays - @Superyachts_gibraltarSunrays is a 85.50m luxury motor yacht built...

Brokerage news

Latest brokerage news

$5m reduction
January 19, 2017
Price reduction on Madsummer
Feadship | 55.5 m | 2005
New to market
January 13, 2017
In-build RMK 58 for sale
34 000 000 €
RMK Marine | 58 m | 2019
14% reduction
January 10, 2017
Price reduction on O'Leanna
5 900 000 €
Marinteknik | 43.5 m | 1992
€1m reduction
30% reduction
JFA | 26 m | 2004
15% reduction
December 11, 2016
Price reduction on Infinity
2 500 000 €
CNB | 29 m | 2008
Down from £2.25m
T. Richardson | 24.76 m | 1996


Dilbar spotted in Barcelona, Spain
Lurssen megayacht Dilbar has been recently spotted in Barcelona, Spain. She became Alisher Usmanov's, one of the Russian billionaires shaping the yachting industry, third yacht.Photo by @oneoceanportvell156m Dilbar, launched at Lurssen facility in November 2015, has officially become the world's largest yacht by volume with a gross tonnage of 15,917 tons, toping Al Said's 15,850 tons and Azzam's 13,136 tons. With a beam of 23 meters and a deep draft of 6 meters, the yacht's exterior was designed by Espen Oeino. Cabling used on board stretches over 1,100km with guests and owner's spaces totaling a combined 3,800 square meters of living space.Photo by @didiervdvThe displacement yacht has a steel hull and aluminium superstructure, her interior was styled by Andrew Winch Design.
How much does a superyacht actually cost?
Yachts are hardly a mass market product and yet the superyacht market has carved out a niche in being even more exclusive, but how much does a yacht cost to build, buy or rent? Let's take a look at the current state of the market.Since the 1980s the amount of superyachts, ie yachts over 24 meters, has grown 600% with the worldwide fleet now counting over 10,000 vessels compared to around 1,500 in 1979. Deliveries of large sailing yachts have however remained constant throughout the decades with around 45 S/Y built per year since the 70s.This exponential growth was brought mainly by the construction of motor yachts. Indeed, the ratio of M/Y to S/Y built has exploded from 2 in the 1980s to a whooping 7 motor yachts delivered for each sailing yacht under construction today. As a result sailing yachts have often retained value better than their counterparts.The expansion of the worldwide fleet of superyachts has also had another significant effect, the accelerated depreciation of yachts on the brokerage market. A 43-meter Benetti Vision 145 could for example be built at a cost of €21,9 million in 2014 whereas a 10-year old model in mint condition such as M/Y Dia's could be bought for just €8 million on the brokerage market.This large difference in price is however not unique to this case and can be found across almost all yacht manufacturers. Heesen, a well-known Dutch shipyard, is currently selling its 47-meter Project Ruya for €29,9 million. Its 2012 sistership, Lady Petra is however up for sale at the same time asking €22,500,000, down from her initial asking price of €31 million when it was first listed for sale in 2014.On top of the initial purchase price must however also be added the yearly maintenance fees amounting to roughly 10% of the initial price of a new build. For a 55-meter yacht for example, this would represent close to $3 million per year.Crew salaries today represent the largest of those expenses with the starting salary of a deckhand onboard a 50-meter yacht orbiting around $40,000 per year and going over $200,000/year for captains on larger yachts. The balance sheet is further burdened with fuel costs, repairs and operating costs such as uniforms and food for the crew.To offset the operating costs, some owners turn to renting out their yachts to guests, which has created a market with near 1,400 yachts for charter throughout the world. Before the subprime crisis, these could represent a genuine business opportunity with some UHNWIs even building superyachts with solely charter in mind.Few yachts are however able to fully recoup their maintenance costs in today's market. The 72-meter Axioma for example, one of the most popular charter yachts on the market, generated over €7 million in revenue from charters in its first year alone. Yet, its current asking price of €68 million suggest these have barely outperformed operational costs.Many have therefore claimed that chartering a yacht has become the only financially justifiable option. It can indeed be argued that a like-new, 50-meter yacht could be chartered for near €250,000 per week during the summer season. To those would be added around 25% in fees of advanced provisioning, which would cover food, fuel, berthing fees and other expenses whilst charter guests are on board.Annual operating costs of such a yacht would be near €2 million per year, which equates to nearly 6 and a half weeks of charter. It would therefore seem one would need to spend at least two months onboard to justify the operating costs, let alone the full purchase price. Yet, every year, dozens of new build projects are started despite this financial reasoning.Prior to the 2008 crisis, an industry of yacht flippers had emerged with clients buying a slot for a superyacht at a prestigious shipyard and then reselling the yacht slightly before its launch. US businessman, Warren E. Halle had ordered 3 yachts from Lurssen in 2003, which he paid for €48 million a piece plus the cost of interior finishing. As following legal proceedings revealed, he later sold the first yacht (Project Marlin) for €65 million in 2006, the second one for €71,5 million in 2008 and kept the third one (Martha Ann) for himself, which is now on the market asking $79 million.This market has since evaporated with many shipyards that had committed to build on speculation, in order to retain ownership of their slots throughout the construction, facing difficult financial times. Italian shipyard Baglietto posted losses of €105 million in 2009 and was ultimately only saved by the Gavio Group, which brought it back to financial stability. Yet, despite this turmoil, at least 700 superyachts are currently under construction.The megayacht market is at the moment particularly strong with at least 6 projects over 100 meters currently in build at Lurssen alone and several other shipyards working on their largest yachts to date such as Benetti and Feadship. Historically this high demand for megayachts in the past decade has allowed their sales prices to remain higher than construction prices due to the gains in time a brokerage purchase offered.In 2011 for example, the late Russian oligarch, Boris Berezovsky managed to sell his Project Darius, under construction at Lurssen at the time, for €240 million to the Al Futtaim. He had however paid just €148,5 million, plus interior finishing costs, for the project as became known in a legal process that followed.A growing concern for superyacht builders has however become the increasing gap between the increasing number of individuals with a net worth of over €250 million and the stagnant number of new build projects. Some have speculated that a possible explanation for this shift is a disinterest with the new generation of younger UHNWIs to own yachts and an increasing preference to charter by picking from an ever-growing fleet.Dutch shipyard, Feadship has however delivered the 70-meter Joy, first yacht to boast an exterior design by Bannenberg & Rowell in modern history, to their youngest client yet. As a testament to her owner's young age, the superyacht features a basketball court on the bow and a gym surrounded by glass walls on the bridge deck.Despite all the financial reasoning that might nudge UHNWIs to charter rather than own, over 350 superyachts were sold in 2016 showing that the reasons behind owning a yacht might actually be dominated by the pleasure and freedom that owners get from their own superyacht.
Sabdes Design presents 85m concept in refreshing colour
Australian yacht designer Scott Blee has introduced his latest creation, 85m highly efficient and modern superyacht, developed by Sabdes Design studio, in October 2016. Now the studio has shared the renderings of its new yacht design seen in the Pantone Color Institute "colour of the year 2017" called "Greenery" (Pantone 15-0343). This is a symbolic color of what we see taking place in our global culture that serves as an expression of a mood and an attitudeSabdes DesignThe design of this vessel can be fully customized or it can be developed around yacht builders' 80-90 metre engineered platforms. Sabdes has held discussions with some of the best Northern European shipyards to further their version of the design on clients demand. This concept has been tailored around Icon Yachts' 85 metre engineered platform.Two design options for the superstructure and for the hull form allow owners to tailor the external look to suit their preferences. The hull form can be an axebow or have a conventional bow, and the superstructure can have overhanging aft balconies or the balconies can be integrated into the superstructure.Propulsion is based on the system developed for the builders engineered platform, or in the case of a full custom design, Sabdes' preference is for a hybrid propulsion system. On a recent stay in the Netherlands I conceived ideas for a new design. Spending some time visiting and discussing with yards and brokers gave me a clearer sense of what elements to include; Efficient hullform and propulsion, long and strong lines, minimal detailing, simplicity of build, large glass surfaces, interconnected indoor / outdoor spaces, and subtle styling features, all merging together seamlessly. The decision was made to offer options for her superstructure styling and hullform to show how easily the design can mix up elements changing the look anywhere from classic to more state of the art. Whichever options for her hull and styling are chosen by owners, these yachts will be unique to their builderScott Blee
M/Y A spotted in Abu Dhabi, the UAE
Last year M/Y A, which is reportedly for sale at $300 million, has been spotted in such cities as Amsterdam, Rotterdam, Kiel, Bordeaux, off the Reykjavik coast in Iceland and cruising in the French Riviera. Now the most talked-about yacht on the seas has been seen in Emirates Palace Marina in Abu Dhabi, the UAE. @bungeyekesryM/Y A was built by Blohm+Voss in 2008. Designed by Philippe Starck, she is capable of accommodating 14 guests in 7 luxurious cabins, as well as a crew of 42. @ingridhowlandWith a meticulous attention to detail, A's interior uses wood furniture with natural light to create a unique style. Amongst her many impressive features are the 3 spa pools, complete with current-generating technology, positioned on various decks for the guests' entertainment. One of the yacht's highlights is perhaps the glass roof under one of the spa pools that allows a mixture of natural light with water. @rbkuaePerformance wise she is powered by twin MAN engines of 6,035hp each and is capable of reaching a maximum speed of 23 knots and a cruising speed of 19 knots.@leonbaum79Andrey Melnichenko, one of the Russian billionaires shaping the yachting industry nowadays, reportedly spent around $380 million on the vessel. His second yacht, the 142.8m Nobiskrug S/Y A, has come back from the sea trials in October 2016 and since then has been seen under sail for the first time.
Top 5 photos of the week
Sunrays - @Superyachts_gibraltarSunrays is a 85.50m luxury motor yacht built by Oceanco in 2010. With a beam of 14.20m and a draft of 3.95m, she has a steel hull and aluminium superstructure. This adds up to a gross tonnage of 2867 tones. Sunrays is powered by MTU 16V 595 TE70 engines of 4680hp each, capable of reaching a maximum speed of 20 knots and cruise at 16 knots. She can accommodate 16 guests in 8 cabins with an interior design by Terence Disdale and an exterior design by Bjorn Johansson.Air - @FeadshipAir is a 81m (265.74 ft) motor yacht built by Feadship in 2011. With a beam of 12m and a draft of 3.55m, she has a steel hull and aluminium superstructure. The superyacht is powered by MTU 16V 4000 M60 engines of 2360hp each, capable of reaching a maximum speed of 17 knots and cruise at 15 knots. Air can accommodate 14 guests in 7 cabins with an exterior and interior design by De Voogt.Atlante - Carol Feith55 metre Atlante was built by CRN in 2015. Nuvolari Lenard styled her exterior, whilst Parisian design house Gilles & Boissier was responsible for the interior. Atlante accommodates a total of 12 guests and crew of 13. As for the performance, the yacht is equipped with two 1230 KW 1800 RPM Caterpillar engines which enable her to reach a cruising speed of 14 knots and a maximum speed of 15 knots.Maltese Falcon - @DiscoverjonnoMaltese Falcon is a 88m sailing yacht built by Perini Navi in 2006. With a beam of 12.9m and a draft of 6m, she has a steel hull and aluminium superstructure. Maltese Falcon can reach a maximum speed of 24 knots and a cruising speed of 16 knots. She can accommodate 12 guests in 6 cabins. The yacht was styled by Ken Freivokh Design.Ulysses - Julien HubertUlysses is the first private superyacht build undertaken by Kleven. H2 Yacht Design styled her interior, whilst Marin Teknikk has been working on the final outfit. The vessel is able to accommodate 60 guests over her seven decks. Among Ulysses' highlights are a helicopter landing pad, helicopter garage and a swimming pool. The superyacht also boasts a large 21m tender on the foredeck which is propelled by 4 water jets driven by quad engines. It is also served by two cranes fitted especially for this purpose.

New listings

yacht Phantom
Motor yacht
4 876 000 $
Gulf Craft | 35.97 m | 2001
yacht Isabella
Motor yacht
3 750 000 $
Westport | 35.97 m | 2000
yacht Riana
Motor yacht
3 392 000 $
Cantieri Di Pisa | 27.93 m | 2010
yacht Arimi
Motor yacht
3 169 400 $
Sunseeker | 22.98 m | 2015
yacht Oriel
Sailing yacht
3 127 000 $
YBM | 36 m | 2010