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.
Photo via Dutch Yachting
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.
The Custom Line 50 superyacht has received the Miglio Blu Design Award 2025 in the "Living Innovation" category. The 50-meter aluminum yacht was recognized for its revolutionary interior layout during the Blue Design Summit in La Spezia.Judges highlighted the yacht's dedicated owner's deck featuring a 75-square-meter suite with private terrace, natural lighting solutions, and separated crew/guest circulation for privacy. The award acknowledges Custom Line's approach to combining aesthetic innovation with functional design in the semi-custom segment.The Ferretti Group brand continues to emphasize owner-centric layouts across its model range. The Custom Line 50 remains available for order through the company's global dealer network, though pricing and delivery timelines were not disclosed. This marks the third consecutive year a Ferretti Group product has received recognition at the Italian design awards.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
May 20, 2025
Italian shipyard CRN has handed over the 67-meter superyacht Amor à Vida to its owner following successful sea trials. The steel and aluminum vessel, previously known as Project Maranello, departed CRN's Ancona facility in early May for its maiden Mediterranean voyage.The six-deck yacht features exterior styling by Nuvolari Lenard and interior design by Valentina Zannier, developed in collaboration with the owner. Moran Yacht & Ship represented the owner throughout the construction process, overseeing technical evaluations and project coordination. Accommodation includes an owner's suite on the upper deck, a convertible VIP suite on the main deck, and five guest cabins on the lower deck, with a total capacity for 12 guests.Amor à Vida incorporates a hybrid propulsion system with two MTU 12V4000 M63 engines, achieving IMO Tier III emissions certification. The yacht reaches a maximum speed of 16 knots with a cruising speed of 15 knots. An advanced heat recovery system improves energy efficiency by repurposing waste heat for the yacht's pools and plumbing network.CRN's project team worked closely with the owner's representatives and subcontractors to execute the custom design, which emphasizes fuel efficiency through its hybrid power management. The delivery follows the 2024 launch of CRN's 72-meter Cloud 9 and precedes several scheduled 2025 completions at the Ancona shipyard. No construction timeline or cost details were disclosed.The yacht's delivery marks another full-custom project completion for CRN, continuing the Ferretti Group subsidiary's focus on bespoke superyacht construction. Amor à Vida will spend its inaugural season cruising Mediterranean destinations before potentially appearing at fall boat shows.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
May 20, 2025
UAE-based Enata Group has launched in-house production of jet turbines, marking the country's first domestic manufacturing capability in this sector. The company unveiled its 250N thrust turbine during the Make It In The Emirates 2025 forum, with a more powerful variant scheduled for Q3 2025 release.Initial production capacity stands at 300 units annually, scalable to 5,000 units by year-end. The turbines feature chevron exhaust designs for noise reduction and target both professional UAV manufacturers and RC model enthusiasts. Enata will allocate part of production to its own aerospace and marine products while supplying external clients."This launch strengthens our vertical integration strategy and responds to client demand," said Enata CEO Alois Vieujot. The company emphasizes quality control through complete in-house manufacturing at its UAE facility.No pricing or specific UAV applications were disclosed. The expansion follows Enata's established work in composite manufacturing for marine and aerospace sectors, though the group didn't specify investment figures for the turbine production line.The 250N model enters immediate availability as Enata positions itself as a B2B supplier for Middle Eastern aerospace markets. The company's production roadmap indicates potential military applications, though current specifications focus on commercial and recreational uses.The Enata Group is the international manufacturing group headquartered in United Arab Emirates, and the builder of the flying 9.8-meter carbon Foiler. The group’s primary businesses include three main areas of R&D and manufacturing: marine, aerospace and architecture. Credits: Enata Group
May 20, 2025
The 70-meter Benetti superyacht Alfa has completed an extensive refit at Lusben, the refit division of Azimut|Benetti Group. Originally delivered in 2020, the full-custom yacht underwent a complete renovation coordinated by Ocean Independence, with interior design by Mark Berryman Design.The technical scope included full repainting of the hull and owner deck with advanced protective coatings, along with the mandatory five-year survey of all major systems. Engineers conducted thorough inspections and servicing of stabilizers, propulsion shafts, engines, and generators. Mechanical upgrades featured new software for the forward crane allowing independent arm control, redesigned bollards, and optimized stern platform fittings for improved tender operations. Crew areas received attention with complete overhauls of the side ladder, stern passerelle, and swim ladder.André Mahr (Ocean Independence), Gianni Paladino (Lusben), Simone Rotili (PM Lusben), Alessio Centelli (Head of site Lusben Livorno)For interior spaces, the UK-based Mark Berryman Design studio preserved Alfa's original elegance while introducing contemporary elements. The main deck now features custom sofas with integrated chessboards, marble-clad tables with built-in fire pits, and redesigned wall panels. The owner's suite received new cabinetry and finishes, while four new bars were installed throughout the yacht, including a teppanyaki station on the skydeck. A striking wine cellar now occupies the portside corridor, transforming a transitional space into a design feature. The galley was completely reconfigured with new equipment and improved workflow."The work on Alfa perfectly embodies our 'life cycle' philosophy," said Gianni Paladino, Commercial Director of Lusben. "Supporting a Benetti yacht from launch through refit demonstrates our commitment to long-term value preservation."Ocean Independence's Anton Foord noted: "This relaunch represents months of dedicated work by skilled professionals. The attention to detail and quality craftsmanship are evident throughout the yacht."Captain Simon Johnson, André Mahr (Ocean Independence), Alessio Celli (Head of site Livorno), Simone Rotili (PM Lusben)Following the refit, Alfa will be available for Mediterranean charter this summer at €700,000 per week. The yacht maintains its original configuration for 12 guests and 18 crew across five decks, with the refit enhancing both technical systems and living spaces while preserving the vessel's signature indoor-outdoor flow.Lusben completed the complex project at its Livorno facility, with Project Manager Simone Rotili coordinating multiple technical and design teams. The shipyard did not disclose the total refit cost or duration. Alfa's return to service follows several other high-profile refit projects completed by Lusben in recent months, as the Azimut|Benetti Group continues expanding its refit capabilities.Founded in 1873, Benetti is the oldest Italian shipyard specializing in luxury yachts. Benetti designs, builds and sells composite vessels from 29 to 44m and steel and aluminum boats from 37 to over 100m. The fleet consists of five categories: Class, Oasis, B.Yond, B.Now and Custom to meet all the needs of the market. Benetti belongs to the Azimut|Benetti Group, the largest privately owned luxury yachting group in the world.Credits: Ocean Independence
May 19, 2025
Azimut's Seadeck 7 has received the 2025 Miglio Blue Design Award in the "General Concept" category, recognizing its hybrid propulsion system and sustainable design approach. The award was presented during the Blue Design Summit at Teatro Civico in La Spezia, Italy.The 20-meter Seadeck 7 reduces CO₂ emissions by up to 40% compared to conventional yachts in its class through a full-hybrid Volvo Penta system, carbon fiber construction, and optimized naval architecture. The model introduces Azimut's "Gentle at Sea" philosophy, emphasizing connection with nature through design elements like the Fun Island - an open aft terrace eliminating barriers with the marine environment.Interiors by Matteo Thun & Antonio Rodriguez incorporate recycled and recyclable materials, establishing what the shipyard describes as a new design language for family motoryachts. The hybrid system marks Azimut's first application of electrification technology in this size segment.The Miglio Blue Design Award jury cited the Seadeck 7's integration of sustainable technologies with experiential design as key factors in their decision. Azimut has not disclosed production numbers or pricing for the model, which remains available for order through the brand's global dealer network.This recognition follows the Seadeck series' launch in 2024 as Azimut's most environmentally focused product line to date. The shipyard continues development of hybrid and alternative fuel systems across its range, with multiple projects scheduled for presentation at the 2025 Monaco Yacht Show.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
May 19, 2025