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.
Italian designer Enzo Manca has unveiled a striking 60-meter superyacht concept, named Nena, specifically tailored for discerning clients seeking unique and sophisticated vessels.Inspired by the sleek lines of high-performance automobiles like Gran Turismos and coupés, Nena boasts fluid, aerodynamic contours that set it apart from conventional designs. This innovative approach extends beyond aesthetics; Manca has reimagined traditional layouts to prioritize owner privacy rather than charter functionality.One notable feature is the transformation of the aft deck into a luxurious lounge area, departing from the standard beach club setup. Additionally, the swimming pool has been relocated to the bow, where it connects directly to the owner’s suite, enhancing both convenience and exclusivity.The upper deck features a substantial hardtop, providing ample shade and ensuring utmost privacy. Generous overhangs on the main deck and dark-tinted windows further contribute to the sense of seclusion and elegance.Manca emphasized his vision, stating, “Our primary goal was to craft a yacht with a bold identity and distinctive presence. Nena caters to owners who seek something extraordinary – an exquisitely designed vessel that stands out from the crowd.”Technical specifications highlight a beam of 10.6 meters and a draft of 2.9 meters.Credits: Enzo Manca
February 6, 2025
From February 12 to 16, 2025, Technohull, a renowned builder of high-performance luxury boats, will unveil four of its top models at the Miami International Boat Show (MIBS). The lineup includes the eagerly anticipated US debut of the Alpha 40, along with the Alpha 50, 38 Grand Sport, and the GTX.Alpha 40The Alpha 40, fitted with twin Mercury 500Rs, features a spacious deck, lounging areas, and an aerodynamic hardtop with a large windshield. Additionally, it offers a lower cabin with a double berth and a separate head with shower, boasting 1.85 meters of headroom. Advanced naval architecture ensures optimal comfort and efficiency at varying speeds.Technohull boats are celebrated for their exceptional performance, seaworthiness, style, and practicality. Visitors to MIBS will witness the craftsmanship and innovation behind these models. The Alpha 40, in particular, has garnered significant interest since its launch in October 2024, standing out in the competitive 40-foot dayboat segment.Alpha 50The Alpha 50, Technohull's flagship model, will also be on display. Launched in October 2023, it showcases a modern design with a sleek carbon hardtop and generous exterior space. The 38 Grand Sport, updated with a new carbon hardtop and windshield, promises thrilling speeds and comfort, while the GTX, powered by twin Mercury 300s, offers a superb dayboating experience with spacious decks and multiple guest zones.38 Grand SportTechnohull's presence in the US is supported by KMB Yachting, a trusted partner known for excellent sales services and comprehensive after-sales support. Boat enthusiasts attending MIBS 2025 will undoubtedly appreciate the unique blend of performance and luxury offered by Technohull's exceptional lineup.Greece company Technohull launched its first hull in 2004. The most popular Technohull models of today include: Omega 45, 38 Grand Sport, 909, Explorer 40 and SeaDNA999. Credits: Technohull
February 6, 2025
Sanlorenzo and Bluegame are preparing to make waves at the Discover Boating Miami International Boat Show in 2025, marking their first major overseas event of the year. From February 12th to 16th, these Italian powerhouses will present a curated selection of yachts that epitomize their pioneering spirit, blending technological innovation, avant-garde design, customization, and quintessential Made in Italy elegance.SL96ASanlorenzo will exhibit two groundbreaking models from its asymmetrical range, the SL90A and SL96A, alongside the SL78, a highly customizable planing-hull motor yacht. These vessels represent the brand's commitment to pushing the boundaries of conventional yacht design.The SL90A and SL96A embody Sanlorenzo's revolutionary asymmetrical concept, which challenges traditional onboard layouts. By removing the port-side walkway and relocating it to the superstructure roof, these yachts maximize interior and exterior space, providing unrivaled functionality and comfort. The main salons are significantly expanded, bathed in natural light from floor-to-ceiling windows, while the owner's cabins – typically found on much larger yachts – are situated on the main deck, ensuring optimal privacy and luxury.SL90AThe SL78 stands out as an entry-level model within Sanlorenzo's planing range, boasting extensive customization options and forward-thinking features. Notably, the vessel introduces several innovations destined to become industry benchmarks, such as large glass surfaces and lowered bulwarks, which flood the interior with light and provide panoramic views of the sea. The bow area is transformed into a versatile living space complete with seating, tables, and shaded lounges, perfect for social gatherings and relaxation.Bluegame, known for its boundary-pushing designs, will display the BG54 and BGX73, each exemplifying the brand's dedication to innovation and sophistication.BG54The BG54, dubbed the "Bluegame 2.0 model," showcases an ingenious layout that maximizes every inch of its 54 feet. The helm station offers unobstructed visibility, while the aft and bow areas are thoughtfully arranged to accommodate various activities. The bow converts effortlessly from a dining area to a cozy lounge, demonstrating the vessel's adaptability. Below deck, owners can choose between two or three-cabin configurations, made possible by the efficient Volvo IPS engines. A standout feature is the full-beam master cabin, a rarity in this size category.BGX73The BGX73 redefines what a yacht can be, merging sleek aesthetics with an inventive layout. Its two-level living area seamlessly integrates indoor and outdoor spaces, fostering a deep connection with the surrounding waters. Owners can tailor the interior to suit their preferences, enjoying a personalized and comfortable cruising experience. The BGX73 strikes a perfect balance between style and performance, making it ideal for extended voyages filled with luxurious comfort.At the Miami International Boat Show 2025, Sanlorenzo and Bluegame will once again affirm their status as leaders in the global yachting industry, presenting vessels that not only meet but exceed the expectations of discerning boat enthusiasts.Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 73 meters in length. Credits: Sanlorenzo
February 6, 2025
Arcadia Yachts has reinforced its commitment to sustainability by confirming its green factory credentials, a year after the company installed new solar panels across its production facilities. These additions have expanded the total surface area covered by solar panels to 1,200 square meters, resulting in the production of approximately 300,000 kWh of electricity, which has successfully met 70% of the shipyard's energy requirements for 2023.The installation of 612 new solar panels, manufactured by Sunerg Solar, has played a vital role in achieving this significant milestone. This shift not only contributes to clean energy production but also provides Arcadia Yachts with a competitive edge, reducing its consumption of traditional energy sources by over 40% in just one year. The remaining energy – which accounts for 30% of the shipyard’s total energy needs – has been fed back into the public grid, marking a substantial step towards green manufacturing practices.Looking ahead, Arcadia Yachts plans to enhance its sustainability efforts further by evaluating new technological solutions for upcoming models. This initiative aims to improve on-board comfort, especially during evening hours, while also increasing energy autonomy for owners. The company is focusing on integrating state-of-the-art photovoltaic panels and advanced power storage systems, along with innovative software to optimize on-board load management and energy consumption.Ugo PellegrinoUgo Pellegrino, sole director of Arcadia Yachts, highlighted the company's long-standing commitment to sustainability, stating, “Arcadia was born green! We started with our yachts in 2010, closely monitoring efficiencies and developments in our sector. The enhancements we are implementing are driven by the constant evolution of technology. Our smart innovator approach is embedded in our DNA, and we’re confident that in the coming years, we will be able to offer on-board energy management solutions leveraging Artificial Intelligence.”Pellegrino further expressed pride in the company's recent investments in sustainable technologies at the production facility. “After completing our green investment about a year ago, we set ambitious goals for significant environmental improvement, beginning with the yachts' production process rather than just their operational phase. We are thrilled with the results achieved and, backed by considerable economic returns, we aspire to once again lead the industry in terms of environmental sustainability.”With these advancements, Arcadia Yachts reaffirms its dedicated effort to reduce its environmental footprint while fostering a genuine and profound relationship with nature that aligns with the brand's ethos. The innovative steps taken position the shipyard as a pioneer in the pursuit of a greener, more sustainable future in the yachting industry.Arcadia Yachts is based in Naples, Italy. Since 2008, Arcadia Yachts has been building semi-custom luxury composite yachts and has succeeded in perfectly integrating artisanal craftsmanship, modern technologies, attention to detail and to the surrounding environment. The Arcadia Yachts fleet has included two ranges since September 2016. The shipyard’s first and most characterizing range is the A range, which includes four models (A85, A85s, A105 and A115). The Sherpa range has a new model, the 24m Sherpa XL, which was launched at the 2019 Cannes Yachting Festival. The new model, A96, debuted at 2023 Cannes Yachting Festival.Credits: Arcadia Yachts
February 5, 2025
Maxim Yachts has officially marked its entrance into the American market by signing an agreement with Legacy Marine, leading to the world premiere of the Max 44 R during the Miami Boat Show. This innovative daycruiser is powered by three 400-horsepower Mercury Verado V10 outboard engines, capable of exceeding speeds of 50 knots.The Max 44 R will be showcased at the Miami Boat Show, leveraging the newly established partnership with Legacy Marine, which will serve as Maxim's first dealer in the United States. Beginning in February 2025, Legacy Marine will distribute the entire line of Maxim daycruisers throughout Florida.Marc Forné, Sales Manager at Maxim Yachts, expressed confidence in the new model's suitability for the North American market. “The Max 44 R combines impressive performance with spacious, flexible areas designed for leisure and relaxation. Legacy Marine is an ideal partner to introduce our brand to a region essential for this type of vessel, and I take pride in this collaboration,” he stated.The 44-foot model continues the tradition of excellence from the Barcelona-based shipyard, brought to life through the collaboration of exterior designer Alex Cherigny and engineering firm Isonaval Studio. The centerpiece of the Max 44 R is its triple outboard engine setup, which boasts a total of 1,200 horsepower, enabling the yacht to achieve speeds over 50 knots. As an alternative, buyers can opt for three 450-horsepower Yamaha engines.Designed for versatility, the central deck area of the Max 44 R offers a flexible layout, featuring two foldable tables accommodating up to ten people, four sofas—one equipped with two portable refrigerators—and 16 cup holders for convenience. The helm station is equipped with a four-seat carbon fiber steering console, along with the pilot’s seat and two 16-inch Garmin displays alongside 11 analog indicators for optimal navigation.The boat features a carbon fiber hardtop that integrates a high-performance JL audio system, which consists of two speakers mounted on the hardtop and six strategically placed around the vessel. Sunbathing areas can be found at both the bow and stern, with the stern providing ample storage solutions.The galley of the Max 44 R is well-appointed with a stovetop, sink, and two sizable refrigerators, with the option to install up to four refrigerators and an ice maker for enhanced functionality. Below deck, the yacht includes two double cabins, one of which can easily transform into a relaxation area, catering to various onboard needs.As Maxim Yachts embarks on this new chapter in its journey, the partnership with Legacy Marine sets the stage for future growth in the U.S. market.Maxim Yachts has already created a buzz within the industry, making an impactful appearance at the Genoa Boat Show earlier this year. Renowned for its limited and customizable production, the shipyard prides itself on superior craftsmanship. The Neo 43 Comfort exemplifies a perfect blend of style, performance, and comfort, showcasing Maxim Yachts’ unwavering commitment to excellence and innovation.Credit: Maxim Yachts
February 5, 2025