One of several anomalies that were present in the yachting market shortly before the 2008 crisis, yacht flipping had rapidly gained momentum before disappearing within weeks. Now, the trend is starting to reappear on a larger class of vessels.
Demand was so strong back in 2006-2007, that an already built superyacht was selling at a premium over a newbuild as clients had to wait to get the newer yacht. Exploiting the arbitrage opportunity, a portion of UHNWIs started ordering yachts and selling them before or shortly after they hit the water to a cohort of impatient buyers.
Some realised this method could yield even greater results if ordering multiple yachts at the same time from a shipyard to gain volume discounts. Perhaps the most noticeable of these projects was one led by real estate developer Warren E Halle.
In 2003, the American entrepreneur ordered a 67-meter Lurssen codenamed Project Marlin, now named Apoise, which he sold in 2006 for €65 million to Canadian entrepreneur David Ritchie. The year prior, he had ordered another 2 yachts of similar size, Project Shark and Project Nemo, both for €48 million a piece. In 2008, he sold Project Nemo for €71.500.000, with her new owner renaming her to St Nicholas.
The 3rd yacht, Project Shark, became known as Martha Ann, which Warren Halle kept for his personal use. Stretching over 70-meters the yacht had a standard 6-cabin layout and an exterior by Espen Oeino. Halle ultimately sold the yacht in early 2019 at an asking price of $79 million, with her owner renaming the yacht to Horizons III.
Shortly after the completion of Halle's 3 Lurssens, yacht flipping was widely considered to be extinct with demand for brokerage yachts falling well below its past levels and failing to recover to pre-crisis levels to this day. Amongst megayachts, the trend is, however, starting to reappear within the past quarters.
Graeme Hart, New Zealand's richest man, placed an order for the 107-meter Ulysses in 2013, at Kleven, a commercial shipyard, with designers at the time saying it was picked thanks to its quality standards, delivery times and price point. Later in November 2014, Hart placed an order for a larger, 116-meter version of Ulysses.
Amongst Ulysses's key features are a 21m tender, lifted by specially designed cranes onto the foredeck, an 11m x 5m swimming pool, a large jacuzzi, a sauna, a gym and a massage room. Listed for sale shortly following her delivery in 2016, the yacht was ultimately sold in 2017 at an asking price of €155 million. The 116-meter Ulysses was sold in 2019 at an undisclosed price.
Whilst Halle's and Hart's projects differ in size, it could be argued that the 70-meters a decade ago rivalled in standing today's 100-meter yachts. The entry barrier to the world's largest 100 yacht list has indeed been increased from 65 to 85 meters. This could make yacht flipping one of several signs in yachting that a recession could be coming.
Northrop & Johnson has announced the delivery of a new Numarine 37XP explorer yacht to its owner. The vessel, sold by yacht broker Richard Higgins at the end of 2022, represents a significant addition to Numarine’s expanding 37XP Series.The 37-meter yacht is designed for long-range cruising and offers impressive performance capabilities. It features a range of 5,500 nautical miles, a cruising speed of 12 knots, and stabilizers for enhanced comfort during voyages.The yacht’s exterior design, created by Can Yalman, showcases angular lines and expansive dark-tinted windows across all decks. The triple-deck layout includes spacious outdoor areas such as a large beach club, shaded aft deck, and extensive sundeck.Interior features include floor-to-ceiling windows on the main and upper decks, which provide natural light and panoramic views. The contemporary interior design offers spacious accommodations.Richard Higgins commented on the project: “The construction of this yacht was a complex and rewarding journey — one that ultimately resulted in a truly exceptional vessel. While not without its challenges, the project was brought to a successful conclusion thanks to the dedication, experience, and close collaboration of the build team and the buyer’s knowledgeable representatives. From concept to delivery, every stage was met with a strong commitment to quality and a clear focus on achieving the owner’s vision. The result is a yacht that not only meets but exceeds expectations in design, performance, and craftsmanship — a testament to what can be accomplished through expertise, perseverance, and an effective team.”This delivery strengthens the reputation of the 37XP Series, which continues to attract owners seeking a capable platform for worldwide cruising with a focus on style and comfort.Credits: Numarine
June 24, 2025
The 32.7-meter motor yacht Far Niente, built in June 2024 by Turkish shipyard SES Yachts, is now available for sale through broker Dominic Meredith-Hardy of Classic Charters. Combining classic aesthetics with modern technology, the yacht features a fuel-efficient hull design by Hoek Design Naval Architects, inspired by early 20th-century Dutch herring luggers.Constructed with a steel hull and wood-composite superstructure, Far Niente was commissioned by experienced owners as a classic-style expedition yacht. The interior layout accommodates 10 guests across five cabins, including a full-beam owner’s suite on the main deck, along with crew quarters for six.The yacht’s design blends traditional and contemporary elements, with grey-washed oak and white paneling contrasted by exposed timber beams and classic deckheads. The main saloon includes a dining area for 10 and an L-shaped lounge, while the bridge deck offers a TV lounge and an outdoor space with al fresco dining and sunpads.Additional features include tender storage on the foredeck, serviced by a retractable crane. Powered by a single MAN diesel engine, Far Niente reaches a top speed of 11 knots, with a cruising speed of 9.5 knots and a range of 3,750 nautical miles. Key specifications include a 200GT interior volume, a 6.7-meter beam, and a 2.5-meter draft.The asking price is EUR13,000,000.Credits: Yacht Harbour archive
June 24, 2025
Pershing celebrates four decades of operations, highlighting its evolution as a brand known for revolutionary yacht designs, advanced technology, and high performance. Founded in the early 1980s by Tilli Antonelli, Fausto Filippetti, and Giuliano Onori, the company initially focused on repairing laminated wood boats. A turning point came in 1985 with the launch of the Pershing 45, developed in collaboration with designer Fulvio De Simoni. This model combined speed and spaciousness, establishing Pershing as a leader in innovation.In 1998, Pershing joined the Ferretti Group, expanding its global presence. The brand further strengthened its international reach in 2012 under the Weichai Group, with notable growth in Asia, America, and Europe. Pershing has consistently introduced groundbreaking technologies, such as surface-piercing propeller systems and water jets with gas turbines, exemplified by the 5,100 HP Pershing 115 in 2004.The current fleet includes the Generation X series (5X–9X) and the GTX range (GTX116, GTX80, GTX70), balancing performance with comfort. The Pershing 140, the brand’s first all-aluminum superyacht, represents its most ambitious project to date.Production takes place in Mondolfo, Italy, at an 84,000-square-meter facility featuring advanced manufacturing and testing capabilities. The site includes dedicated areas for different model ranges, with processes such as PPG-certified dry painting ensuring high-quality finishes."By introducing technological innovations, unveiling revolutionary models, and evolving the brand’s storied shipyard, for forty years Pershing has continued to look beyond the horizon, to where the sea meets the future," the company stated.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
June 24, 2025
Overmarine Group has launched the fifth hull in its Mangusta Oceano 50 series, a 50-meter displacement yacht measuring just below 500 GT. The vessel features exterior and interior design by Alberto Mancini in collaboration with the shipyard's technical department.The yacht's layout emphasizes indoor-outdoor connectivity through floor-to-ceiling windows and expansive glazing. Accommodation includes five cabins, with a full-beam master suite on the main deck featuring an automated balcony. The lower deck houses four guest cabins and a gymnasium.Outdoor amenities comprise three connected beach club terraces, two swimming pools (including a 6.5×2.6-meter pool with countercurrent system), and multiple lounge/dining areas across the decks. The sun deck infinity pool creates a visual connection with the horizon.Power comes from twin MTU 12V 2000 M86 engines (1,700hp each), delivering a 16-knot top speed and 4,500-nautical-mile range at 11 knots. Moran Yachts facilitated the sale of this fifth Oceano 50 unit.The launch follows four previous deliveries in the Oceano 50 series since its introduction. Overmarine Group was founded in 1985 by the Balducci family. The shipyard builds open and displacement power superyachts under the Mangusta and Mangusta Oceanco brand names. Credits: Overmarine Group
June 23, 2025
Horizon Yachts has completed construction of the 15th hull in its FD80 series, a 24.6-meter motoryacht that will make its European debut at both the Cannes Yachting Festival and Monaco Yacht Show in September. This marks the first FD80 model specifically configured for the European market.The yacht features design collaboration with Dutch designer Cor D. Rover, incorporating an open-plan interior layout with floor-to-ceiling windows. Interior finishes include bleached teak and brushed gunmetal detailing throughout the cabinetry. The owner has specified several custom features, including large-format televisions in both the main saloon and master suite.Accommodations are arranged for eight guests across four staterooms, with a full-beam master suite on the main deck and three additional guest cabins below. The crew area accommodates four staff with direct access to the beach club.Exterior spaces include multiple social areas, with a hot tub and teppanyaki grill on the bridge deck, along with flexible aft deck space that can serve as either a lounge or tender storage area. The foredeck features a dining setup with sunpads.Powered by twin MTU engines, the yacht incorporates Horizon's Skyline superstructure design and a fully enclosed wheelhouse. The FD80 will be available for viewings at both European boat shows before delivery to its owner. The Fast Displacement series represents a significant portion of Horizon Yachts' current production output.Founded in 1987, Horizon Yachts has celebrated 35 years as one of the largest luxury yacht builders in the world as well as the number one builder in the Asia Pacific region. In the past three decades, Horizon has delivered over 855 luxury yachts, with more than 220 of these over 80 feet in length. Popular models ranging from 52 to 150 feet include motor yachts, superyachts, power catamarans, expedition yachts, and fast displacement motor yachts.Credits: Horizon Yachts
June 23, 2025