In recent years, Asia has rapidly become one of the major territories active in the yachting industry. Thus, after a series of yacht-related acquisitions led by Chinese beneficiaries, 87 percent stake in the Feretti Group is owned by Chinese conglomerate Weichai Group; Dalian Wanda Group was announced to buy a 91,8% stake in Sunseeker Yachts; Lai Sun Group acquired 49.9% of Camper and Nicholsons International for €13 million. Still, according to Bloomberg research, the optimistic forecasts on the development of the yachting market in China turned out to be erroneous.
According to Boat International Media, there are only three confirmed Chinese owners from the TOP-200 of the largest yachts in the world, despite the fact that no other country can boast such a large number of billionaires. The Chinese rich actually do spend money collecting the best works of art, buying sports teams and golf courses. Nonetheless, big vessels remain taboo for them.
Hong Kong broker Eric Noyel from Asia Marine Yacht Services Ltd reports that finding takers for even a modest-size superyacht has now proved almost impossible in China, although only 7 years ago, the China Cruise & Yacht Industry Association predicted a boost on the local market. They stated, there would be 100,000 luxury vessels in China by 2020, raising from 3,000 back in 2012.
Delphine Lignières, chief executive officer of China Rendez-Vous, which runs the boat show in Sanya, says China’s yachting ambitions were suppressed as a side effect of an anticorruption campaign.
Yacht sellers did not anticipate the rapid take-off of Xi Jinping, who became general secretary of the Central Committee of the Chinese Communist Party in 2012. Shortly, he punished over 100 thousand party members, as a result high-level officials had to forget about luxurious life attributives. Part of the propaganda, it has become almost a crime to flaunt one’s wealth in a public way, as 200 million Chinese citizens live in poverty.
Gordon Hui, President of Sunseeker Asia Ltd., which has been selling boats since the beginning of the 2000s, was forced to close three salons in China. Since 2015, he has not sold a single yacht for use in China, though still selling to mainland customers for delivery outside the country.
What is more, there are other reasons behind the choice not to invest in private yachts among the Chinese. The mainland’s coastal metropolises lack repair yards, equipment suppliers, and the rest of the costly support network that private yachts require. There are very few large marines there, so anyone who considers buying a yacht will be forced to moor in Hong Kong, Singapore or Phuket. Some locals even keep their ships far away in the Mediterranean.
In 2015, the rules for operating yachts in the waters of China tightened: now there can be no more than 12 people on-board. Given that a yacht of any size needs a team of six people, there is no room for holding big parties.
Furthermore, the coastal waters of China is a complex water area. In the North, pesticides, waste and chemical fertilisers have poisoned the waters. Qingdao, where the 2008 Olympic Games were held, fights green algae each year. South, in the subtropics, water is patrolled by law enforcement officers. There is a struggle for the disputed territory, and not so long ago, new artificial islands were formed, stocked with troops and weapons.
Billionaire He Xiaopeng keeps his 26-metre yacht in Hong Kong. But as his electric car startup Xpeng Motors consumes all his time, he claims to use the vessel once a year, more often deployed by his friends. Fang Yuan from Heysea Yachts explains, that it is a standard story, as once he visited a boat a year after delivery and found the mattress still packed.
Manufacturers have already noted that, introducing the series of yachts called Tai He Ban, developed by Ferretti. The series is distinguished through practically no places to sleep - the space is reserved for banquet tables and karaoke stage.
One of the few yacht owners in China was Wang Jianlin whose company Dalian Wanda Group took possession of 92% of the British Sunseeker Yachts. His 28-metre yacht was docked at Qingdao marina that he owned, as well. Still, last year he sold both the yacht and the marina where she was located.
Another example, conglomerate HNA Group Co,. used a 49-metre superyacht for charters out of Hainan Island. In January 2019, they sold the ship, fearing pressure from the government, which urged the company to find ways out of the debt trap.
Still, random sales occur here and there on the market. For instance, Simpson Marine managed to find a buyer for a 26-metre boat in China. Further, one of the recent highlights of the local scene was the launch of the 88-metre Illusion Plus - the largest yacht produced in China. In Hainan and Zhuhai, the government is considering building new marinas, although not large enough for Illusion Plus.
As 2025 begins, Southern Wind has announced significant developments, including the introduction of its new flagship, the SW123, alongside three additional yachts currently under construction.The SW123 represents Southern Wind’s largest and most advanced yacht to date. Designed by Farr Yacht Design for naval architecture and Nauta Design for exterior and interior styling, the SW123 combines performance, sophistication, and a focus on responsible design. As a customizable platform, it aims to deliver long-range cruising capabilities with comfort and luxury. Construction of the first SW123 is underway, with a scheduled launch in February 2027. The yacht will also be available for charter, reflecting the owners’ intent to share their passion for sailing.Southern Wind’s shipyard in Cape Town is currently managing a robust order book for 2025, with four yachts under construction:SW108#03: Scheduled for launch in November 2025, this third unit in the SW108 series builds on the success of its predecessors, including the regatta-winning SW108#01 Gelliceaux. It is designed for superyacht racing and global cruising, tailored for a youthful and dynamic owner.SW96#06: Launching in May 2026, this sixth unit in the SW96 series integrates speed and elegance. Commissioned by an experienced sailor, the yacht is optimized for both offshore and coastal racing and will debut in regattas in 2026.SW100X#01: The first yacht in the new SW100X miniseries, set to launch in October 2026, introduces a modern crossover concept. Key features include a 20.2 sqm Seaside Lounge that connects directly to the sea. This yacht is designed for versatility, offering comfort and performance with easy handling for reduced crew operations.Southern Wind’s "Smart Custom" approach, blending tailored customization with proven platforms, continues to attract owners seeking reliable, high-performance yachts that align with their personal sailing aspirations. The strong order book for 2025 underscores the resonance of this concept within the sailing community.These developments reflect Southern Wind’s commitment to advancing luxury yacht design while maintaining the core values that define its reputation in the industry.Credit: Southern Wind
January 17, 2025
Silent Yachts is preparing for a busy year in 2025, building on significant achievements in 2024. The company delivered six SY62 models over the past year and plans to increase output by 50% in 2025, including the launch of its new flagship, the SY80. The shipyard in Fano, Italy, is operating at full capacity, with seven yachts in advanced stages of construction and scheduled for delivery in the first half of the year.Under new management since March 2024, Silent Yachts implemented a modular construction system at its shipyard. This approach allows yacht modules to be built simultaneously and assembled in the final production phase, streamlining the process and improving efficiency. The company now achieves a production rate of one yacht per month. According to CEO Fabrizio Iarrera, this restructuring played a pivotal role in the company’s successful year, marked by the delivery of the triple-deck SY62 and its global debut at the Cannes Yachting Festival.Silent Yachts expanded its visibility in 2024 through participation in several prominent boat shows, including its first appearance at the Venice Boat Show and the debut of the SY62 3-Deck Open at Cannes, where it won the "Most Efficient Yacht" award at the World Yachts Trophies. The company also increased its presence in the US, opening a new commercial office at Fort Lauderdale’s Safe Harbor Marine Center to strengthen its sales and after-sales support.The year also saw the establishment of a dedicated Silent Yachts charter network, with operations in the Caribbean and the western Mediterranean, offering potential customers the chance to experience its yachts firsthand. A 10-day sea trial program in the Bahamas highlighted the compatibility of Silent Yachts with environmentally sensitive areas, thanks to their low draft and silent electric propulsion systems.Silent Yachts is set to continue its international outreach in 2025. The SY62 3-Deck Open will be on display at the Palm Beach International Boat Show from March 19–23. The SY62 3-Deck Closed, featuring an enclosed upper deck with panoramic views, will make its debut at the Singapore Yachting Festival from April 10–13. In addition, the SY80 flagship is scheduled for launch later this year.Looking further ahead, Silent Yachts is collaborating with superyacht designers Nuvolari Lenard on a new 70-footer expected to launch in 2026. According to Iarrera, the company remains committed to innovation and is working on new models while expanding its presence in key markets.Credit: Silent Yachts
January 17, 2025
Ferretti Group will mark the start of 2025 with the unveiling of the Riva Iseo Super at boot Düsseldorf, the world’s largest indoor boat show, scheduled from January 18 to 26. The event will feature six yachts from the Group, highlighting its recent developments.Ferretti Yachts 500The Riva Iseo Super will debut as an updated 27-foot runabout, designed to build on the features of its predecessor. This model incorporates new technical elements and design refinements aimed at enhancing the cruising experience.Riva El-IseoThe Ferretti Group’s exhibit will also include the Ferretti Yachts 500, a flybridge model focused on comfort and functionality; the Dolceriva, a 48-foot open yacht with a contemporary design approach; the Riva El-Iseo, the company’s first fully electric powerboat; the Pershing GTX80, introducing a new concept in sport yachts; and the wallytender48, a tender designed with an emphasis on utility and performance, displayed at the Wally stand in Halle 6.Pershing GTX80A press conference is scheduled for January 18 at 11 am at stand 6D28 in Halle 6, where further updates on the Group’s projects and future plans will be shared.Ferretti Group’s presentation will be accompanied by collaborations with brands including Range Rover, providing a ride service for visitors, and Flexjet, representing business aviation. Additional partnerships with Dolce&Gabbana, Lavazza, La Scolca, and Seabob, among others, aim to complement the Group’s presence at the event. These partners will showcase products tailored to the event’s atmosphere, such as custom-designed uniforms, wine selections, and specialty coffee.wallytender48The event offers an opportunity to observe Ferretti Group’s latest offerings and collaborations, presenting a snapshot of its activities within the yachting industry.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
January 17, 2025
The latest Amels 80 superyacht has arrived at Damen Yachting's Vlissingen, Netherlands facility, marking a key milestone in its construction. Following its recent launch at Damen Yachting's Galati, Romania hull building facility, the 80-meter Amels Limited Editions yacht is now ready for the outfitting phase.This arrival signifies the commencement of the next stage of the build process, highlighting the continued popularity and success of the Amels 80 design. The extensive outfitting work will be carried out at Damen Yachting's Vlissingen East shipyard, a state-of-the-art facility located just 3 nautical miles from the Vlissingen City yard. This shipyard plays a vital role in Damen Yachting's new build and refit operations.This specific Amels 80 is the third currently undergoing outfitting and is scheduled for delivery in 2026. Further details about the project remain confidential at this time.Damen Yachting, a division within the Damen Shipyards Group, was created in 2019. The division combines the pedigree and heritage of Amels yachts with a growing portfolio of SeaXplorer yachts and Yacht Support vessels.Credits: Damen Yachting
January 16, 2025
Dutch Design has unveiled the Sea Rover, a groundbreaking 42.5-meter superyacht concept billed as the world's first wellness-focused vessel. Developed in collaboration with superyacht owner Scott Blum and designer Bernd Weel (renowned for the award-winning Lady Fleur), the Sea Rover represents a limited semi-custom series of just ten yachts. Blum's inspiration stemmed from a lack of superyachts catering to a healthy, balanced lifestyle.This philosophy is evident in the yacht's abundant wellness amenities. Unlike traditional layouts, the spa, gym, and sports court are prominently positioned on the bridge deck. The spa boasts a dual-temperature plunge pool, Jacuzzi, sauna, infrared therapy wall, and massage area. The adaptable sports court caters to pickleball, basketball, paddle tennis, volleyball, or general fitness, doubling as storage for water toys, tenders, and even a car.Accommodation includes five cabins, highlighted by a full-beam owner's suite on the main deck featuring an expansive closet and a luxurious Japanese onsen-style tub and steam room. Nine crew members enjoy quarters finished to the same high standards as the guest cabins, separate from the captain's cabin on the bridge. While interior renderings remain confidential, the design emphasizes a beachy Californian aesthetic with natural wood, stone, and earthen-toned textiles.A central staircase, starting as a sculptural glass table on the sundeck, dramatically illuminates the lower decks. Large glass panels in the dining area provide panoramic views, seamlessly merging with the galley and entertainment space to create a vibrant "grand room" fostering interaction between guests, chef, and crew. A spacious beach club completes the experience, offering a dining table, sunbeds, wet bar, and ample storage.Blum emphasizes the yacht's unique integration of travel and well-being, describing it as an investment that will retain its value. Weel highlights the design's timeless appeal, achieved by prioritizing essential features and creating a classic, clean, and distinctly Dutch aesthetic, effectively condensing the grandeur of much larger yachts into a more intimate yet comprehensively luxurious experience.Credits: Dutch Design
January 16, 2025