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.
The latest 80-meter Amels Limited Editions superyacht has arrived at Damen Yachting's Vlissingen shipyard in the Netherlands after construction at their Galatz facility in Romania. The vessel will now undergo full outfitting in preparation for delivery in 2027.Project Manager Danker Rijk stated: "After an impressive launch in our Galatz shipyard, we are delighted to welcome this Amels 80 to Vlissingen to commence the outfitting phase. This is an exciting milestone toward delivering another exceptional yacht on schedule."The 2,175 GT superyacht features exterior design by Espen Øino and interiors by Sinot Yacht Architecture & Design. With accommodations for 14 guests and 21 crew members, the vessel represents Damen Yachting's combination of custom features with proven yacht-building technology.The Amels 80 follows the Limited Editions series' approach of offering semi-custom superyachts with reduced build times compared to fully custom projects. No further details about the owner or specific custom features were disclosed.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
June 27, 2025
Flexjet and Ferretti Group have introduced Riva Volare, a custom aircraft cabin design inspired by Riva motoryachts. The collaboration brings nautical styling to Flexjet's Gulfstream G650 jets and Sikorsky S-76 helicopters, targeting ultra-high-net-worth travelers.The Gulfstream G650 configuration accommodates 12-15 passengers for flights up to 16 hours, while two Sikorsky S-76 helicopters will operate in Florida and a new Milan-based service covering Italy and the French Riviera. Ferretti Group clients will receive preferential access to the helicopter operations.The design blends elements from Riva's 1960s Aquarama with contemporary Aquariva models, using artisanal materials and distinctive patterns. The interiors were developed through collaboration between both companies' design teams.Kenn Ricci and Alberto Galassi"I have long admired the iconic style of Riva, and seeing this brought to life in our aircraft is nothing short of exceptional," said Flexjet Chairman Kenn Ricci. Ferretti Group CEO Alberto Galassi added: "Riva Volare is another splendid result of our collaboration with Flexjet, a brand with which we share the same passion for constantly raising quality standards."The design was unveiled June 26 at Milano Prime Linate Airport, with displays of the aircraft alongside a Riva Aquariva Special yacht. No pricing details were disclosed.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 27, 2025
Italian shipyard AB Yachts, part of Next Yacht Group, has unveiled the AB 110S, a sportier version of its AB 110 model. The 33.7-meter yacht marks AB Yachts' first collaboration with automotive design firm EXE Design, incorporating elements such as a raked windshield and lightweight profile."We also boast over 20 years of experience in naval architecture. [And] this cross-sector approach is the real added value of our work," said Stefano Bedoni of EXE Design.Key features include multiple retractable systems: a sliding cockpit cover, a sunroof between the helm and saloon, and a hardtop that can cover either the helm station or sunpad. The main deck integrates a sunbathing area and a bar serving both indoor and outdoor spaces. A forward "flying couch" provides elevated seating with panoramic views.Powered by three MAN V12X-2200 engines, the AB 110S reaches 48 knots. The engine room is fully soundproofed to minimize noise and vibrations. No pricing or delivery details were disclosed.Italian shipyard AB Yachts was founded in 1992. In 2001, AB Yachts was acquired by the Fipa Group. Today Next Yacht Group is the owner of the historic Maiora, AB Yachts, and CBI Navi brands. AB Yachts range consists of semi-displacement yachts from 17.70 to 42 meters.Credits: AB Yachts
June 26, 2025
Cantiere del Pardo has introduced the Grand Soleil 65 Performance, a performance-oriented evolution of its 20-meter sailing yacht series. Following the Long Cruise version, this model emphasizes speed and responsiveness while retaining onboard comfort. The yacht made its debut at the Palma International Boat Show in May.As part of the Plus Line for vessels over 18 meters, the 65 Performance involves owners in the customization process from initial design stages. Franco Corazza, project manager for the Plus Line, stated: "The 65-footer is the result of a totally Made-in-Italy design process that brings together a team of professionals representing Italian excellence in the yachting sector." Naval architecture was handled by Matteo Polli, structural design by Marco Lostuzzi, and layout by Nauta Design.Environmental considerations include sustainable teak, laminated glass insulation, linen-reinforced composites, water-based paints, and solar panels. The hull utilizes epoxy-infused biaxial fiberglass and carbon reinforcements, with construction processes meeting strict quality certifications.Matteo Polli's design adapts features from the larger Grand Soleil 72, including a V-shaped bow for reduced drag and improved light-wind performance. The sail plan positions the mast aft to maximize the foretriangle, with a self-tacking jib as standard for simplified handling. Underwater, an inverted T-keel and single rudder balance stability and maneuverability, offering draft options of 3.5 meters (standard), 3.0 meters (shallow), or telescopic configurations.Nauta Design optimized deck space and interior flow, lowering the saloon to align with cabin levels for improved continuity. The coachroof's tapered profile distinguishes it from the Long Cruise version's panoramic windows. Massimo Gino of Nauta Design noted: "Our challenge was to convey a sense of motion and energy while preserving comfort, functionality, and style."Interior materials are customizable, with owners selecting finishes from the shipyard’s portfolio. No pricing or delivery timelines were disclosed.Cantiere del Pardo was founded in 1973 in Italy. Pardo Yachts, the brand of Cantiere del Pardo dedicated to powerboats, was born in 2016. The first model, the Pardo 43, was launched in 2017. Grand Soleil was founded in 1973 and is famous for its yachts, which ensure performance for regattas, autonomous long-distance navigation, as well as a high level of sustainable consciousness.Credits: Grand Soleil Yachts
June 26, 2025
Denison Yachting has announced the availability of the fourth hull in the Conrad C144S series, priced at EUR32 million with a two-year delivery window. The vessel follows three previous models, including the award-winning Ace (hull 1), Extra Time (hull 2), and the upcoming Moonlight (hull 3), the latter two sold by Denison.Built by Conrad Shipyard in Gdańsk, Poland, the 44-meter C144S is a full-displacement superyacht with a steel hull and aluminum superstructure. The design features exterior styling by Reymond Langton Design and naval architecture by Diana Yacht Design, emphasizing seakeeping performance. The "S" designation refers to the straight bow, which increases interior volume while maintaining a streamlined profile.Interior options include the original M2 Atelier concept seen on earlier models or alternative designs, such as Nauta Design’s understated approach chosen for Moonlight. The yacht accommodates 10–12 guests across a full-beam owner’s suite and four VIP cabins, with crew quarters for nine.Key features include a sundeck with a hot tub, infinity pool, and outdoor cinema, along with a beach club featuring a wet bar and wellness area. Storage capacity includes a 7-meter tender, two jet skis, and multiple SeaBobs.With a transoceanic range exceeding 4,000 nautical miles, the C144S cruises at 11 knots (max 13.8 knots) and complies with IMO Tier III and Lloyd’s MCA LY3 standards."The C144S represents a proven platform with award-winning design and strong value in the 500GT segment," said Denison broker Alex Clarke. Delivery is scheduled for 2027.Conrad Shipyard is located in Gdansk, Poland and specializes in building steel, and aluminum luxury yachts ranging from 24 to 100 meters in length.Credits: Denison Yachting
June 26, 2025