As the middle-size market continues to struggle, megayachts have had yet another explosive year, pushing new limits for the industry and leading some yards to thrive. The world now has 53 yachts over 100 meters, more than double the amount in the fleet 10 years ago. Whilst the Middle East and Russia have remained active in the range, the addition of buyers from the US to the megayacht range has led the space to new heights.
Yacht Harbour looks at the largest yachts delivered in 2019 and what you need to know about them.
#1 Flying Fox
The largest yacht delivered by Lurssen this year, Flying Fox also became the most massive yacht to enter the charter market. Stretching across 136 meters, the yacht’s exterior was designed by Espen Oeino, often involved with large Lurssen builds. Onboard, Flying Fox features 11 cabins with sea view terraces, a 400 square meter spa spread over 2 floors, a 12-meter long swimming pool, a dive center and 2 helipads, all serviced by a crew of 24.
The largest yacht ever displayed at the Monaco Yacht Show, Tis wowed prospective buyers with her one of a kind interior inspired by Parisian palaces and designed by Andrew Winch. The 109-meter long Lurssen was put on the market shortly prior to her delivery and is currently looking for a new owner at a $250 million price tag.
Meanwhile Tis is available for charter at $2.2 million per week. On top of the helipads, swimming pool, spa, gym and luxurious staterooms, arguably one of the most unique amenities onboard is a main salon spread across 2 levels with a grand staircase.
A transformational build for Benetti, the Italian yacht manufacturing behemoth, IJE became 1 of 3 yachts over 100 meters built by the yard in 2019. Delivered to Australian billionaire James Packer, the yacht became his latest flagship following Arctic P. Crafted in traditional Benetti style on the exterior, not much is known about the yacht’s interior.
IJE and its new generation of Benettis did however put the yard into the competition for more 100-meter plus new builds as an increasing number of yards begins to compete for the segment.
The first mega Benetti to be delivered, the 107-meter was built as hull FB 277 and was since named Lana. With its construction overseen by Imperial Yachts, online commentary has been speculating its owner to be from Russia.
Little is known about the ship, other than its distinctive exterior look. At the time of her launch, it was teased the yacht would later be made available for charter, in what is a growing trend among megayachts.
Rounding up the ranks of the 50 largest yachts in the world, Zoza was launched in 2019 for a Middle Eastern owner according to social media. Primarily differentiating itself from other megayachts with tall panoramic windows, the yacht is likely to remain private and off the charter market.
Length: 95 meters
Built by the German shipyard Lurssen, in what has proven to be their size range with the highest resale value thanks to strong demand on the buy size, Madsummer was delivered earlier this year.
Indicative of the growing influence of American influence in the size range, Madsummer was built for experienced yacht owner Jeffrey Soffer active in Florida real estate.
#7 Lady S
A surprising player in the megayacht sector is LVMH. Following their purchase of the Feadship Royal Van Lent yard nearly a decade ago have grown their influence over the space and maintained Feadship’s reputation in the megayacht sector.
Built for Washington Redskins owner Daniel Snyder, Lady S was designed by Michael Leach. Perhaps the most innovative feature onboard the American billionaire’s yacht is an IMAX cinema.
In the fight for supremacy over the megayacht market a rapidly gaining player has become the Dutch-based Oceanco, whose most recent megayacht became DreAMBoat following hallmark projects like Jubilee and Black Pearl.
Another example of Americans’ increasing presence, the 90-meter was built for Home Depot co-founder Arthur M. Blank. The capitalization in the yacht’s name being a clever play on the billionaire’s initials AMB.
Yard: Silver Yachts
One of the most unusual yachts on the water, its story begins with a bet to build fast, long yachts in Australia, which Guido Krass made when setting up Hanseatic Marine. Since renamed to Silver Yachts and now owned by a Chinese aluminium producer, the yard has built 5 yachts, the latest of which is Bold.
It’s most unusual feature is the vast lounge deck with full panoramic windows overlooking a large helipad aft of the main deck. Stretching over 85-meters the yacht is the reflection of a growing desire to explore from a new generation of owners.
Yard: Abeking & Rasmussen
Built for serial yacht owner Herb Chambers, the 80-meter yacht becomes his latest flagship built by German yard Abeking & Rasmussen and 3rd new build with that particular yard. Created with an instantly recognisable look, the yacht is now available for charter.
Amongst her key features is a 3-storey tall atrium with panoramic windows. Chambers’ previous yachts were also named Excellence and proved to be successful charter vessels. His former flagship, Excellence V was sold in May asking €69.5 million. His prior 78-meter Abeking&Rasmussen was however sold to a Russian billionaire even prior to her delivery, now known as Eminence.
Whilst Dutch, German and Italian yards have been competing for the megayacht market, Palumbo Superyachts, an Italian company, has been quietly amassing a leadership position in refits and expanding into new builds acquiring ISA Yachts and now managing to deliver an 80-meter yacht through their Columbus brand.
Dragon becomes the largest yacht built by Palumbo Superyachts. With all of the amenities one would expect of a yacht this size like a 7-meter swimming pool, beach club and vast staterooms, the yacht is a clear statement to the Italian group’s expansion on the scene.
Superyachts are one of the most prestigious assets in the world, however the ability to acquire a superyacht unfortunately doesn't always prevent you from a number of mistakes when purchasing and operating it.Below we are listing 5 common mistakes experienced by quite a few newly made superyacht owners:1) Purchasing a superyacht that is too big to handleNot only would you have to pay for the numerous crew, but you would also have other significant expenses accrued, reaching up to 10% of the yacht’s price. Moreover, if your usage of the yacht is categorized as active, those expenses can get even larger. You also have to think about the fuel, parking in the marina, electricity, agent fees, surveys, technical support for the numerous installed equipment and even more.2) Choosing and working with a broker with not enough experienceSuperyachts are a particular category of vessels that require special treatment. You need to make sure that the broker you are working with is specializing exactly in superyachts. You should always ask for adequate figures for this type of vessel, and the broker must seriously pre-inspect the yacht before providing an offer.3) Appointing a dealer representative as your yacht managerA dealer representative’s main goal would be to safeguard the interests of his main employer and to increase profitability of his company by selling more yacht-related services. What’s more, when you have any issues with the warranty, there are high chances that you will end up losing that dispute, as your yacht manager will be defending the dealer’s interests primarily.4) Having lack of technical supervision over the construction of the yachtIt’s critical to have an independent technical control over yacht’s construction. It’s always important to know that a Dutch shipbuilder differs from an Italian one. Dutch shipbuilders would never start doing anything without an approved plan, while Italians would rather place a pipeline or cable at any appealing place. Therefore, it’s very important to have an independent technical overview during the yacht’s construction.5) Purchasing a superyacht without any advice from a consultantYou might have a law degree, but without any relevant experience it is likely that you will not get a favorable outcome. You always need to consult with an independent expert (broker or yacht manager) before ordering a yacht, preferably with a person who has substantial experience in operating a super- or megayacht.
October 30, 2020
The 59th Antigua Charter Yacht Show was originally planned to be held from December 4 to December 9 but is now cancelled due to the coronavirus pandemic.Last year’s 58th Antigua Charter Yacht Show took place at the Nelson’s Dockyard Marina in English Harbour, as well as in the Falmouth Harbour Marina and the Antigua Yacht Club Marina both located in Falmouth on December 4-9, 2019, and featured quite a few beautiful superyachts of up to 90 metres.The resurgence of Covid-19 has resulted in increased risks to everyone who wanted to participate in the Antigua Charter Yacht Show, but the organizers hope that the 60th event in 2021 will take place with improved conditions for Press, Captains, Brokers and Vendors.
October 30, 2020
Bravo Yacht Design (BYD) Group has revealed its new 75-metre superyacht concept - Bravo 75 - inspired by the sailing yacht design.Photo: © BYD GroupThe yacht’s interior is light and airy as a result of the large windows inside. The vessel was specifically designed to accommodate on board a total of 12 guests in its large cabins - one VIP, one twin and three doubles. Whereas the crew area can accommodate up to 21 staff members.Bravo 75's hull was inspired by the sailing yachts - its curve from the stern to the bow shows the difference in the sailing yacht and motor yacht styles. Photo: © BYD GroupThe new yacht will feature electric engine with azipods, diesel and hydrogen engines. The concept is projected to have a top speed of 18 knots and a cruising speed of 14 knots.The yacht will also have a helipad at the bow. Photo: © BYD Group
October 29, 2020
Lürssen, the leading shipyard based in Germany, is well-known for its large luxurious yachts. One of Lürssen's superyachts has been spotted in Phuket, Thailand. The 85-metre Amatasia, which was originally called Areti, was designed and built to fit large groups of guests. It features eight large suites and a beautiful master suite - spread across the three decks.Among the yacht's other stunning features are the helipad at the bow and the luxurious spa on the lower deck: it has a plunge pool, a hot tub and sauna. The guests also have access to the large beach deck.
October 29, 2020
The Italian shipyard Arcadia Yachts revealed that it is launching another A85 hull with the interior renewed by Milan-based studio Hot Lab. The yacht will offer 100 square metres of living space on the main deck with a plenty of room for guests, and 35 square metres on the lower deck, enabling everyone on board to enjoy their time on the water. The 18th hull will have unique features with classic marine and muted palette.Hot Lab’s head of design Enrico Lumini told that in the process of “renewing the décor of the interiors, they focused on small style changes to create a fresh, modern mood that was suitable for the Arcadia A85”.Photo: Arcadia Yachts"The A85 is an iconic model, not just for Arcadia, but for the entire yachting market”, as Ugo Pellegrino, CEO of Arcadia Yachts, commented.The vessel can accommodate up to 8 guests in its 4 staterooms. It is able to reach a speed of 18.5 knots and cruise at 16.5 knots with no difficulties as she has the twin Diesel MAN 730 hp engines.
October 28, 2020