The superyacht market preserves a historically high pace. By the end of the 3rd quarter of 2022 the overall sales of 30m+ yachts in 2022 are already higher than sales of any previous whole year except 2021 in almost all segments of the market. The sales skyrocketed in the 2nd half of 2020 as many buyers, including first-time yacht purchasers and former charterers, came on the market in search of an asylum and a safer means of transportation in the middle of the pandemics.
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Top 3 yachts for sale under 5 years old
For many sellers, the post-Covid surge in demand became a signal to enter the market with speculative asking prices. This provided an increase in new listings in the beginning of 2022. However the buyers, which remain cost-conscious as ever, keep looking for reasonably priced opportunities, including off-the-market yachts. 2022 Q2 sales saw a small drop-off from the 2021 figures in almost all size segments of the superyacht market, though the sales were still higher compared to the corresponding periods of 2018, 2019 and of course 2020. The lack of supply and world events have understandably slowed the market. Besides, sales activity is generally quieter in summer as brokerage yachts become busy with owners' use and active charter schedules.
As an ending mark of the summer season in the Med and ahead of the autumn yacht shows Monaco and Fort Lauderdale, the brokerage market demonstrated a surge in the number of owners putting their boats up for sale in August-September. There were 65 new arrivals on the sales market in August and 87 – in September, with several big-ticket listings, most notably the 90m Phoenix 2 asking EUR 129,000,000 and 85.6m B2, asking EUR 88,000,000.
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With more yachts entering the market and the exchange rates playing in favor of American buyers - the main driving force of the superyacht market - the sales saw a huge increase from the previous months in September, both in numbers and total price. The most expensive deal in Q3 was the sale of the 97m Carinthia IV with an asking price of EUR 95,000,000.
The majority of market transaction volume in 2022 continues to lay within the sub-50m range, with 30-40m yachts accounting for half of all sales. On average, yachts are sold within 12 to 18 months of being placed on the market. Quality and reasonably priced yachts aren’t sitting on the market for long. Speaking of the quickest deals since the beginning of 2022, the 42m Istros was sold in 53 days, 72m Stella Maris and 46.7m Odyssea shifted hands in 2 months.
There is still a good number of people actively looking to buy a yacht and it helps to maintain prices at a relatively higher value than before. Sometimes sellers were only testing out the market with high prices and would seriously discuss a deal, but many owners stayed firm on their asking prices – not least because of the high replacement costs. In the last two years, on the back of increased demand, many shipyards raised their new construction prices by 10-20% – which is best noticeable in the semi-custom segment with well-known base price levels, as with Heesen and Amels. And now we can see a huge price gap between the new yachts and 5-15 years old brokerage yachts. Owners entering the market are focused on the new construction prices, while the buyers, on the other hand, focus on the average brokerage market prices of previous periods.
Pick of the market:
Major price reductions third quarter
As for the new build market, according to Boat International, the 2022 Global Order Book records an impressive 1,024 projects in build or on order, a rise of 24.7% on 821 in 2021. The demand for new construction projects remains consistent, despite the rising new build costs and longer delivery times. All the leading shipyards have their order books stretched into 2026. Even builders of production GRP yachts are now selling slots with deliveries in 2025. Because of the increased demand and the heavy workload in the yards, contracts are now being concluded 6 to 12 months before the start of construction work (mostly for small and GRP yachts).
But what looks like to be a success for the industry also gives some food for thought on whether or not the boom on the superyacht market is going to remain for long. Concerns are that as most of the leading shipyards operating in the production segment with certain model ranges are packed with orders for the next couple of years or more, it means that they are not able to build new generation yachts before they complete current builds. And by the time the new buyers will be able to start building, the models offered to them may become too outdated and less appealing. Along with a lack of inventory on the brokerage market this may create a downfall in sales.
We have seen quite a few good yachts coming into the market recently and expect to see stable market activity in the following months. However, though the demand for yachts remains ever high, the global uncertainty and lack of supply may put some serious pressure on the sales in 2023.
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Sanlorenzo, in collaboration with MAN, has announced the development of a yacht equipped with a bi-fuel green methanol propulsion system, designed to reduce navigation emissions by up to 70%. The project, unveiled at the Blue Innovation Dock at Boot Düsseldorf, will debut on Sanlorenzo’s 50 X-Space model, planned for launch in 2027.The bi-fuel propulsion system forms part of the LIFE MYSTIC project, co-financed by the European Union under the LIFE program. The initiative, which began in June 2024 and spans 54 months, represents a €4.8 million investment, 60% of which is funded by EU grants. The project involves the installation of MAN diesel engines and Nanni Industries generators adapted to run on a combination of green methanol and diesel. Expected outcomes include significant reductions in greenhouse gas emissions, fossil fuel consumption, and air pollutants.Methanol was selected for its potential as an alternative maritime fuel. It is liquid at ambient temperature, biodegradable, and compatible with existing infrastructure with minimal modifications. When derived from renewable sources, green methanol achieves net-zero emissions. This fuel is already available in over 100 ports worldwide, with its use growing in Northern Europe, where green corridors support methanol-fueled vessels.Sanlorenzo’s strategy anticipates global and European regulatory targets for emission reductions. The 50 X-Space model aims to surpass the International Maritime Organization’s 2040 target of a 70% emission reduction and the EU’s 2030 Fit for 55 agenda goal of 55%.The project aligns with Sanlorenzo’s broader "Road to 2030" strategy, focusing on sustainability and innovation. In 2024, the company introduced the 50Steel, the first yacht with a green methanol fuel cell system for onboard energy, and the BGH-HSV, a hydrogen-powered chase boat capable of achieving zero emissions.Through initiatives like LIFE MYSTIC, Sanlorenzo is contributing to the development of alternative fuel technologies and infrastructure. Sanlorenzo was founded in 1958 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 73 meters in length. Credits: Sanlorenzo
January 22, 2025
Azimut Yachts has confirmed the renewal of its partnership with E1 Team Miami for the 2025 season of the UIM E1 World Championship, an all-electric powerboat competition. The collaboration, initiated in 2024, will see Azimut continuing as the official partner of the team.Azimut Grande 36ME1 Team Miami, captained by Erik Stark and Anna Glennon, is a key contender in the championship. Azimut’s focus on low-emission technology in its yacht designs aligns with the competition’s goals of promoting sustainable marine innovation. The company’s range of electrified yachts complements the team’s mission to advance environmentally friendly solutions in powerboat racing.E1 Miami Team The championship season will conclude with the E1 Miami GP, set for November 7–8, 2025, at Virginia Key near Miami Marine Stadium. The stadium, recognized for its history in American powerboating, will host the event while ongoing restoration efforts in the area continue.Azimut Seadeck 6The Miami GP will be organized by Magnus in partnership with E1, with Azimut Yachts contributing by showcasing its fleet during the event. The partnership extension was facilitated by Joshua Goldstein of Courtside Sports Advisors, who specializes in fostering collaborations in the sports and luxury markets.Azimut Yachts is an Azimut Benetti Group brand. With its Atlantis, Magellano Flybridge, S, Verve and Grande collections, Azimut offers the widest range of 10 to 40 meters.Credits: Azimut Yachts
January 22, 2025
At the Düsseldorf Boat Show 2025, Nautor Swan outlined its strategic plans for the year, which include new partnerships, product lines, and an extensive racing calendar. During a press conference led by CEO Giovanni Pomati, the Finnish yacht builder, part of the Sanlorenzo group, announced significant milestones achieved in 2024 and its vision for the future.The company revealed plans for two new yacht lines. One will focus on super-maxis over 40 meters constructed in aluminum, targeting long-range cruising and performance. The other is a pure cruising line designed for comfort-oriented sailing without compromising functionality. A dedicated development committee, including designer German Frers, Massimo Perotti, and Leonardo Ferragamo, is overseeing these projects in collaboration with Jüdel & Vrolijk Studio.The press conference also highlighted a new partnership with American Magic, an America's Cup team, aimed at strengthening Nautor Swan's presence in the U.S. market and advancing technological collaboration. This partnership includes developing an American fleet of the ClubSwan 28, joint events, and exploring the application of America's Cup technology in yacht design.The upcoming 2025 racing season will feature the new ClubSwan 28 alongside other one-design classes and rating boats. Events begin in Monaco in March and include races in Bonifacio, Porto Cervo, Lake Garda, and Palma de Mallorca, culminating with The Nations Trophy in St. Tropez in October.Nautor Swan continues to integrate sustainability into its operations, including features like hydrogeneration and other environmentally focused technologies, as highlighted by Senior Advisor Antonio Santella.These developments reflect Nautor Swan's ongoing commitment to enhancing its product range and expanding its influence in the global sailing community.Nautor Swan was founded in 1966 in Pietarsaari, Finland. The builder entered the superyacht market in 1999. Since then, the yard has continued building high-performance sailing yachts in three different lines; ClubSwan, Swan Yachts and Maxi Swan Yachts. Credits: Nautor Swan
January 22, 2025
Heesen Yachts has announced the launch of its 55-meter steel yacht YN 20655, now named Solemates. Previously known as Project Venus, this vessel represents the Dutch shipyard's focus on combining innovative design with luxury.Rupert Connor of Luxury Yachts, representing the yacht’s owners, highlighted their decision to return to Heesen, noting the shipyard’s consistent quality and ability to accommodate client-specific requests.Following its launch, Solemates will enter the commissioning phase, which includes preparations for sea trials in the North Sea. The yacht was designed with a strong emphasis on creating a family-oriented atmosphere, featuring custom interiors tailored to the owner’s preferences.Heesen’s interior engineers collaborated with Silvia Margutti from Luca Dini Design and Architecture to develop the yacht’s distinct interior. A vibrant palette of lime green, teal, and baby aqua blue highlights the personalised family-friendly concept. Key interior features include a redesigned main staircase with acrylic panels embedded with gold flakes and crystals, as well as a bridge deck salon intended to encourage family gatherings. The sundeck is equipped with an enlarged jacuzzi and bar area, designed for both relaxation and socialising.The design and construction process incorporated several adjustments to meet the owner’s requirements for enhanced leisure, entertainment, and comfort. Heesen Yachts’ CEO, Niels Vaessen, stated, “The launch of Solemates underscores our commitment to delivering high-quality, innovative yachts that align with our clients’ aspirations.”Solemates is scheduled to debut at the Monaco Yacht Show in September 2025, followed by an appearance at the Palm Beach International Boat Show. The yacht will be delivered to its owner in the second quarter of 2025.Credit: Ruben Griffioen
January 21, 2025
Pearl Yachts presented the Pearl 63 project at the Düsseldorf Boat Show 2025. This new 63-foot yacht is an updated version of the Pearl 62, incorporating changes to enhance practicality and performance. Currently under construction, it is scheduled to launch in April 2025.The Pearl 63 features a redesigned aft cockpit with opening side balconies and adjustable high-low dining tables. This layout increases the usable space and provides additional flexibility for seating and dining arrangements. The L-shaped sofa includes a reversible backrest that allows it to function as a sea-view lounge.The yacht is equipped with a hi/low bathing platform and a multi-purpose space that can be used as a tender garage, accommodating a Williams 285 jet tender or Seadoo Spark Jet Ski, or as a crew cabin, depending on the owner's preference.Accommodation on board includes four cabins for up to eight guests, an uncommon feature in the 60-foot yacht category. The full-beam master suite, accessible via a private stairway, includes panoramic hull windows, separate his-and-hers closets, and an en-suite bathroom with a wet room and Corian sink unit.The Pearl 63 offers engine options from Volvo, including an upgraded version with IPS 1350 engines capable of reaching speeds up to 33 knots. Navigation and control are supported by Volvo’s IPS joystick system, dynamic positioning, and Garmin touchscreens.Interior design for the yacht is managed by Kelly Hoppen CBE and includes four selectable design themes. Large windows in the saloon allow for significant natural light, and the layout incorporates a galley, a dining area, and a lounge space. Outdoor features include a foredeck with adjustable sun pads and a flybridge with a hardtop, wet bar, and BBQ.Pearl Yachts also announced the addition of three new dealerships. Pearl Germany, operating from Werder (Havel), will serve Berlin’s waterways and the Baltic Sea. Pearl France, managed by Mallorca Marine Group, will focus on the French market. Pearl Gulf, based in Dubai, will cover the GCC region, including UAE, Saudi Arabia, Qatar, and Bahrain.The Pearl 63 will debut at the Monaco Yacht Show in September 2025.Credit: Pearl Yachts
January 21, 2025