Denison Yachting has published its quarterly business report, calling the quarter 1 of 2022 as ‘positive one’ in the yachting industry. According to it, ‘like 2020, 2021 was an impressive year for the yacht sector, and 2022 is following this upward trend. After unprecedented shake-ups in the initial stages of the COVID-19 pandemic, yachting recovered with a bang, and hotbeds like the United States Southeast and the Mediterranean region achieved record sales. By the end of Q4 2021, powerboat sales in the U.S. had exceeded more than 300,000 units for the second consecutive year, and the industry stood out as an excellent example of economic resilience. This set the stage for Q1 2022’.
Bob Denison
Now that 2022 is underway, the long-term impact of the pandemic has begun taking shape. While a reasonable chunk of the sales in 2021 was attributed to the long backlogs carried over from 2020, the market’s performance this year has so far been primarily driven by new orders.
Global Yacht Market Performance in Q1 2022
Despite economic times and supply chain upheavals, the yachting sector had a strong start to the year. Quarter 1 2022 had the third highest first-quarter boat sales of the last 15 years, behind only 2021 and 2018.
The below chart demonstrates this, showing first-quarter sales in North America in the last seven years.
Sales across all the top boating regions decreased in Q1 2022 compared to Q1 2021, bringing the total closer to, but still above, pre-pandemic times.
The following chart illustrates first-quarter sales in Asia since 2016.
Asia registered a 35% drop from the target-shattering 2021 figures, followed by North America with 16%. Surprisingly, sales in Europe only dropped by 8%, even with sanctioned Russian buyers, who have traditionally accounted for 9% of all global superyacht sales.
The chart below displays first-quarter sales in Europe for the past seven years.
Q1 2022 Sales in the U.S.
The U.S. market started the year on a high, with sales in Quarter 1 2022 only marginally below Quarter 1 2021 levels. America was the only one of the three key yachting areas with higher sales than the five-year average.
Sales in the top three major boating destinations – the Southeast, the Gulf Coast, and the Mid-Atlantic – dropped by 14% from Q1 2021, but were still 19% higher than Q1 2020.
An Impressive First Quarter for Denison
Denison sales in Q1 2022 mirrored the industry’s overall performance, exceeding pre-pandemic numbers and our five-year average. The top Denison categories – superyachts, motor yachts, sportfish, sailboats, and trawlers, all had a strong showing in Q1.
The Report says that ‘we had a remarkable Quarter 1, with sales exceeding $160 million for the second consecutive first quarter’.
‘Denison’s charter business has achieved commendable growth in the past two years, and is expected to continue throughout 2022’, says at the end of the report.
Denison has long been a leader in the yachting industry with a rich family history dating back to 1948, and the start of Broward Marine in Fort Lauderdale. Today, the company provides complete yachting services worldwide, including superyacht sales, yacht charter, crew placement, and new construction. Denison operates out of 21 waterfront offices in the United States, and one location in Monaco with a team of 100+ licensed and bonded yacht brokers.
Credits: Denison Yachting; Unsplash
Ocean Alexander announces the successful sale and delivery of the new Ocean Alexander 35-meter Revolution, marking a significant milestone in luxury yacht craftsmanship. Unveiled for the first time at the prestigious 2021 Fort Lauderdale International Boat Show, where it clinched the coveted Best in Show title, the OA 35R stands as a testament to exceptional design and engineering.Crafted by the esteemed Evan Marshall in collaboration with Arrabito Naval Architects, the 35R redefines luxury and performance, offering an unparalleled yachting experience. With an impressive gross tonnage just under 300 GT, this masterpiece challenges the boundaries of a traditional 116-foot yacht, providing expansive living spaces that epitomize opulence and comfort.Bruce Siler, the Ocean Alexander Brand Manager with MarineMax and the selling broker, expressed his delight, stating, "It was a pleasure working with this client. This is his first Ocean Alexander. The 35-meter Ocean Alexander offers the size and volume he loves. He will be traveling to the Bahamas, up and down the east coast of the US, and possibly the Med."Powered by upgraded twin MTU® V16 2600 HP engines, the 35R achieves a top speed of 23 knots, ensuring swift navigation through the seas. At a hull speed of 10 knots, it boasts an extended range of over 1,200 nautical miles, promising unmatched performance and reliability for extended voyages.With robust mechanical features and uncompromising build quality, the OA 35R assures a serene journey across the vast oceans.Ocean Alexander is a family business. Two generations of one family have guided the shipyard for almost four decades. With manufacturing in Taiwan, Ocean Alexander is consistently one of the top selling brands for large yachts in the U.S. and currently produces models ranging from 26 to 36 meters in length. Credits: Ocean Alexander
April 26, 2024
In an elegant ceremony held in Viareggio, the eighth installment of the Mangusta GranSport 33 set sail into the azure waters, marking yet another milestone for the renowned yacht series.Crafted at the intersection of avant-garde design, artisanal expertise, and cutting-edge technology, this vessel is the epitome of nautical excellence. Designed in collaboration between Alberto Mancini and Ovemarine Group's technical department, the Mangusta GranSport 33 offers a seamless blend of sophistication and performance.Measuring 33 meters in length, this yacht effortlessly combines high-speed cruising capabilities of up to 25 knots with spacious and comfortable interiors, ideal for extended voyages across diverse waters.A hallmark of this vessel is its expansive interior spaces, totaling 228 gross tons, meticulously designed to cater to the discerning tastes of the owner and their guests. The on-deck master stateroom, spanning over 40 square meters, sets a new standard of luxury in its class, complemented by two VIP cabins and two guest cabins on the lower deck, all benefiting from the innovative IPS propulsion system.With a keen focus on owner-centric design, every aspect of the Mangusta GranSport 33 reflects a harmonious fusion of functionality and elegance. From the panoramic glazed surfaces to the iconic infinity pool at the stern, every detail has been meticulously curated to enhance the onboard experience.Powered by four Volvo Penta D13 735kW engines paired with IPS pods 1350 drives, the Mangusta GranSport 33 boasts a shallow draught of only 1.9 meters, ensuring versatility in navigation without compromising on performance.Equipped with a spacious aft garage accommodating a large tender, water-skis, and an array of water toys, this vessel promises unparalleled leisure and entertainment options for its guests.Sold in collaboration with brokerage house HMY, this Mangusta GranSport 33, delivered to a U.S. owner, exemplifies the ongoing success and global appeal of the series. 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
April 26, 2024
Van der Valk embarked on a monumental endeavor with the construction of Project EVO, a bespoke 40-meter superyacht. This ambitious project, the largest ever undertaken by the yard in terms of length and volume, promises to redefine luxury at sea. The owners were inspired by an exceptionally attractive design from Franco Gianni of SFG Yacht Design and Doga Naz Cebeci from Fancy by Dada, Project EVO boasts a sleek exterior and meticulously detailed interior.Ordered by seasoned clients with a penchant for high-performance vessels, Project EVO symbolizes the culmination of their yachting aspirations. With a vision to craft a tailor-made masterpiece for their family, the owners turned to Van der Valk, drawn by the promise of Dutch precision and excellence. The yacht's design journey, intricately guided by the owners, involved a transformative evolution led by Cristiano Gatto Design.Cristiano Gatto reflects on the project's inception, stating, “Our collaboration began with a shared vision to infuse the interior ambiance into the exterior design, culminating in a harmonious fusion of aesthetics.” The resulting profile, a synthesis of innovative proportions and lines, reflects the collective ingenuity of the design team.Beyond aesthetics, Project EVO is engineered to deliver unparalleled performance, with a round-bilged fast displacement hull and a target top speed of 24 knots. Compliant with ABS class standards and IMO Tier III emissions regulations, the yacht exemplifies Van der Valk's commitment to superior craftsmanship and environmental sustainability.<iframe title=vimeo-player src=https://player.vimeo.com/video/937794356?h=3c621b1611 width=640 height=360 frameborder=0 allowfullscreen></iframe>With accommodations tailored for ten guests across lavish staterooms and crew quarters, Project EVO promises a luxurious retreat at sea. Yoeri Bijker, head of sales at Van der Valk, affirms the yard's capability in delivering bespoke superyachts of exceptional quality, stating, “Project EVO epitomizes our dedication to excellence, offering clients the opportunity to realize their yachting dreams without compromise.” Van der Valk is a family-run company building comfortable, innovative and efficient (semi) custom motor yachts from 18m to 45m. From its humble roots in the 1960s, Van der Valk today has a global fleet of over 1000 motor yachts. Credits: Van der Valk
April 26, 2024
Northrop & Johnson has been named the exclusive sales broker by Ares Yachts for the globally anticipated sale of the shipyard’s flagship, Simena. Currently in the outfitting stage in Antalya, the 62-meter superyacht is slated for delivery in March 2025.“We are pleased to collaborate with such a reputable company,” states Kerim Kalafatoğlu, Chairman of Ares Yachts. “We trust Northrop & Johnson to introduce our remarkable flagship to the market and promote her effectively.”“Northrop & Johnson is honored to represent Ares for the sale of the magnificent 62m Simena, set for delivery in March 2025. Ares has established itself as a leading shipyard in Turkey with an exceptional track record of over 230 vessels. Simena presents a rare opportunity to acquire a yacht of exceptional quality at a competitive price,” says Patrick Coote, Europe Managing Director of Northrop & Johnson.Simena, Ares Yachts' 62-meter flagship, entered the outfitting stage in November. The completion of outfitting, including joinery work, will precede the installation of the rigging system.Kerim Kalafatoğlu and Patrick Coote“Exterior paintwork is in progress, and the superstructure and hull connection have been completed,” shares Piraye Sahinkaya Orhun, Managing Director of Ares Yachts. “Construction of the mahogany planking for the superstructure and doghouse is underway, along with the insulation, wiring, and piping from the aft crew accommodation.”Designed by Taka Yacht Design and Design Unlimited, Simena epitomizes classical and modern design elements. The vessel, designed to RINA Class C standards, boasts traditional teak decks and varnished Sipo Mahogany exterior joinery.Accommodating up to 12 guests and nine crew members, Simena offers luxurious onboard living. Its owner’s suite is strategically located forward on the main deck. Equipped with a sophisticated hybrid drive system, the yacht can operate silently under electric power at speeds up to 6 knots. Additionally, a 882 kW diesel engine complements her 220kW electric motors, allowing for a top speed of 14.5 knots and a cruising range of 4,000 nautical miles at 11 knots.To maintain the yacht’s clean interior aesthetics, modern design elements have been discreetly integrated, including hidden TV lifts in the saloon and master suite. Walnut forms the basis of the interior, complemented by textured leathers, fabrics, and antiqued brass accents. Showers feature a blend of patterned tiles alongside Calacatta Oro and Patagonia White marbles, offering a blend of contemporary comfort and classic elegance.Ares Yachts, situated in Antalya Free Zone on Turkey’s south coast, spans 40,000 square meters of build space across four large sheds. Besides Simena, the shipyard is concurrently working on other projects, including the 50m motor yacht Spitfire and a 54m explorer yacht known as Project Atlas. Additionally, Ares Yachts is developing a 65-85m yacht range in collaboration with Lateral Naval Architects.Credits: Northrop & Johnson
April 25, 2024
As the Palma International Boat Show commemorates its 40th anniversary, it sets its gaze firmly on the future with two groundbreaking initiatives: an economic impact study and certification as a sustainable event. Organized by the Regional Ministry of Enterprise, Employment, and Energy, in collaboration with the Balearic Islands Institute for Business Innovation (IDI) and the Balearic Yacht Brokers Association (BYBA), the fair opens today at Palma’s Moll Vell.The economic impact study, conducted in partnership with the Directorate General of Economics and Statistics of the Ministry of Economy, Finance, and Innovation, aims to assess the fair's contribution as an economic driver for the city and the region. Simultaneously, the fair is pursuing certification as a sustainable event, committing to minimizing its carbon footprint and promoting responsible practices.With a record 295 exhibitors, including international companies, the event promises to showcase an array of quality nautical products across its 86,000-square-meter venue. Notably, the Palma Superyacht Village will feature a dedicated area for boats over 24 meters, complemented by the introduction of the Superyacht Square, emphasizing innovation and sustainability.As part of the anniversary celebrations, the Balearic Superyacht Forum, the first international superyacht forum in the Balearic Islands, will convene around 300 industry professionals, enthusiasts, and experts to discuss the sector's future. Additionally, the fair will pay tribute to the companies that have contributed to its success over the years, recognizing their pivotal role in shaping the event's legacy.The 40th-anniversary festivities will culminate in a series of activities on April 26th, featuring music, entertainment, and a captivating drone show. Credits: The Palma International Boat Show
April 25, 2024