Yacht news

55m aluminium superyacht concept Soana introduced by Rodriguez Design
Rodriguez Design Studio in collaboration with Spanish shipyard Atollvic has presented a new...
First edition of the Venice Boat Show receives over 27,000 visitors
The first Venice Boat Show took place from June 18 to June 23, proving to be a reference for the...
Wladimir Klitschko rescued from burning yacht near Mallorca
Legendary heavyweight boxing champion Wladimir Klitschko and his family were rescued by the...
Cristiano Ronaldo spotted aboard €16.5 million Benetti superyacht
Cristiano Ronaldo, a living legend of the football world and one of the highest-paid athletes ever,...
65m FB270: the first Benetti to float under Chinese flag
Benetti has announced the sale of the first superyacht to fly under Chinese flag, with a...
Ada Yacht launches 50m sailing yacht All About U 2 in Turkey
Turkish builder ADA Yacht Works has launched its latest 49.9-metre motor-sailing yacht named All...
7 significant superyacht destructions over recent years
With the recent loss of the 40-metre sailing superyacht My Song that has created a buzz...
Is a $450 million Leonardo da Vinci placed aboard 134m superyacht?
Sold in November 2017 at Christie's for $450.3 million, the painting Salvator Mundi by Leonardo da...
Russian billionaire’s 143m sailing yacht A spotted in Monaco harbour
Currently the 10th largest superyacht in the world and one of the most futuristic ones, the...
End game: 40m regatta superstar My Song is ‘beyond repair’
Mr. Pier Luigi Loro Piana, the owner of the 40-metre Baltic custom sailing yacht My Song,...
Feadship broadcasts the launch of 77m Project 818
Earlier today, Dutch builder Feadship launched its newest vessel, the 77.25-metre Project...
American owner orders new 67m custom Project Fenestra from Benetti
Italian builder Benetti has announced the sale of 67-metre hull FB278 Project Fenestra to an...
Gulf Craft delivers the seventh Majesty 100 to a Russian owner
UAE-based yacht manufacturer Gulf Craft has delivered the seventh 31.7-metre Majesty 100...
A clean state: former Equanimity enters charter market in the Med
Previously known as Equanimity, the 91.5-metre Oceanco superyacht Tranquility is on her...
New 39.6 m classic sloop signed by Baltic Yachts
Finnish builder Baltic Yachts has been commissioned to construct an advanced composite...
50m Jackpot: the last Christensen launch before the move to a new facility
US builder Christensen launched its latest 50-metre motor yacht Jackpot on the banks of the...
Sunseeker presents limited edition series in the memory of its founder
British yacht builder Sunseeker International has announced that the first ten hulls of...
Brand new 66m support vessel Hodor for 87m Feadship Lonian
Australian naval architecture company Incat Crowther has opened up about their involvement in the...
Eccentric design of Roberto Cavalli’s superyacht Freedom
Launched in 2018 by Cerri Cantieri Navali, the 28-metre yacht Freedom belongs to a...
Baglietto presents 43m sportfisherman explorer
Italian shipyard Baglietto has presented 43 m Baglietto Explorer designed by the Italian firm...
Riva debutes its first 50m flagship Race in Venice
The world premiere of the 50-metre flagship Race by Riva Yachts took place in...
Interiors revealed: inside the 80m Palumbo flagship Dragon
Italian yacht builder Columbus Yachts (part of Palumbo Superyachts) has recently...
Born to be siblings: Overmarine delivers two brand new Mangusta units
This week, Italian builder Overmarine Group simultaneously delivered two vessels from...
50m Feadship Broadwater returns to homeyard for pre-sale works
The recently opened Feadship yard in Amsterdam has welcomed home the 50-metre superyacht...


Flashback: Could this be the end of yachting?
Metrics for the superyacht market are trending up, with sales and charter revenue up across most brokerage firms in 2019. Yet, owners and buyers are getting increasingly cautious, bracing for an economic slowdown. With yachting still far off its 2008 heights, anxiety grows over whether the sector can sustain another crisis. A decade ago, the yachting market lost half its turnover. Sales plummeted as American and European markets tumbled, pressuring owners to sell and buyers to hold off, resulting in a drop of nearly 40% in brokerage yacht prices. Abandoned new builds and rare new orders lead to yard collapses that rippled throughout the industry. Figures now show the market has recovered only 56% of what it lost, before inflation, which puts it at less than half of previous volumes.Owners and buyers alike are now becoming increasingly cautious as signals of a possible economic slowdown are multiplying. US Government bonds clearly indicate this anxiety in the market with 3-month yields at 2.27% and 10-year yields at 2.1%, an inversion that so far only occurred ahead of a recession.Indicators of anxiety in yachting are also clear. Speculation builds have returned in the past 18 months, with several small to midsize yards increasingly financing the construction of their own yachts in the hope of finding a buyer along the way. The last time the market saw this at a significant scale was in 2008.Several new builds over 70-meters have now been sold for more than their construction costs. Another throwback to 2008 when yacht flipping hit scale and completed yachts were selling at 15 to 20% premiums over new build orders.Ferretti Group, the Italian yacht building conglomerate, is now thinking of going public according to Reuters. The last time the group considered such a move was in 2008.As the market grows increasingly reminiscent of 2008, some industry players have started heading for the exits, providing an interesting opportunity for capitalists. Whilst M&A talks across yachting have skyrocketed in volume in the past 12 months, some deals have already been closed.US broker MarineMax acquired Fraser Yachts, a leading brokerage previously owned by the Azimut-Benetti Group, leaving several brokerages still on the market for consolidation. Dutch yacht builder Moonen has also disclosed it is bringing in a new investor, whereas Wider Yachts was acquired by a group involving Zepter, owner of the 50-meter yacht Joy Me.Global Yachting Group, which went public in 2017 with a market cap of over £50 million, now trades at half that market cap as traders remain skeptical of yachting's performance in the event of a new recession.Recessions in itself are a normal component of any open markets, cyclical in their nature. Yachting, however, will cruise in unchartered territory as the sector is still far off from having recovered from its 2008 levels and lacks the required capital to sustain a new correction. Despite the recent uptick, many yachting firms remain unprofitable.A slowdown could also equal opportunity for larger players looking to expand their market share. Combined, the 10 largest yards already account for over 60% of active new builds. History has shown scale and efficiency were amongst the rare factors that could make a yachting organization profitable, even in a recession.Even if it were to avoid a slowdown, yachting still seems to be poised for deep changes. The private aviation market over the past decade has seen commissions for brokerages rapidly decrease with a liberalization of information and the entry of tech companies.The latest of which, Central Jets, now lets users subscribe for €199/month and charter any jet direct from its owners with the platform taking only a 3% processing fee, a steep discount from the 50% margins traditional brokers used to charge.In aviation, the advent of such business models eradicated a large part of small traditional brokerages and slashed earnings for larger groups, handing back savings to the end users. Whilst yachting is still in its early days of seeing such models come in, a restructuring of current 20% charter and 10% sales fees could be hard to process for most organizations.
90m superyacht Voyager: the largest commercial ship converted in the USA
US yacht market player Voyager Maritime Alliance Group (VMAG), has announced the successful completion of the largest superyacht conversion on the territory of the USA. VMAG project managed a complex refit of a 90-metre commercial ship initially launched in 1997, to become a fully integrated ocean-going superyacht named Voyager.The transformation work on the vessel began at Leevac Shipyards in Louisiana in 2015. Back then, Voyager was bought by Hornbeck Offshore, a company that provides logistics support and specialty services to the offshore oil and gas exploration and production, mainly in the USA. Then, a three-year conversion into an explorer yacht was ordered.First works done on Voyager included the lengthening of the platform, redesigning the bow area, and adding several superstructure decks for a completely new look. Then, Voyager was towed to Fort Lauderdale’s Dania Cut. During completion works, the superyacht was impowered with the new generators and took a complete interior rejuvenation. Overall, the vessel now boasts six decks with a helipad, spa room, dive centre, and extensive storage for tenders and water toys. Due to the complexity of the project, the delivery was postponed several times from December 2016. VMAG fitted the vessel with over 3,000 monitored points, a customised console with touch screen technology, multiple screens at the bridge enhancing view angles and displaying readability, integrated video switching that shows strategic areas of the vessel using laser detection sensors. David Leone, President of VMAG commented: With our team of technical engineers, I knew we could accomplish this particularly complex project. Impeccable Project Management was a key element to control the early stages that encompassed customised carpentry, welding, fabrication, vessel infrastructure cabling and detailed CAD design utilising naval architecture design and services. Very little was left untouched throughout the vessel, so it was crucial to manage each section of the refit, in the right order, to avoid any delays and additional costs.
Superfast 103-knot tender 38 Grand Sport presented by Technohull
Greek builder Technohull has introduced its fasted ever boat 38 Grand Sport, with several units currently at the moulding stage, due for delivery at the end of summer. During pre-production testing, the 11.6-metre model hit an impressive speed of 103 knots.Thanks to her Dynastream hull design, the vessel promises to guarantee stability and comfort for her guests even under the maximum speed. Pre-production models tested last year achieved a top speed of 103 knots over the ground, equivalent to 118mph.Combined with its relatively narrow 3.1-metre beam, and a super-sharp semi wave-piercing bow, the intended speed specifications seem remarkable. The boat packs two Mercury Verado 300/350/400/450hp outboards as options on its notched transom, or three 450hp motors in the super sport version.38 Grand Sport features sporty appearance thanks to new deck layout with a sun pad at the bow and twin loungers aft, plus a streamlined, low profile helm console. The yard’s proprietary shock-mitigating bucket seats offer comfort at speed, or there are Shockwave or Ullman seats available on spec.The vessel was equipped with other comforting hallmarks. Besides the high-quality solid teak decking, there is also an electric toilet, external shower and the option of a snug cabin in the bow. There is all-round LED courtesy lighting, too, and a bathing ladder which deploys and adjusts at the touch of a button.The model’s patented Dynastream hull took five years to develop with a dedicated in-house team of naval architects. This hyper-ventilated hull shape is 10-15 per cent more efficient than previous Technohull designs, offering lower fuel consumption for higher speeds.Technohull is a Greek company known for their fast and high-end RIBs.
The company has been set up in Athens, where RIB owners were looking for a better option for their concept of performance related luxury. Today, the yard offers a complete product mix, with more than 30% annual growth and 60% of turnover coming from exports.
46m JinLong superyacht launched for Jackie Chan in China
Dutch yacht design and naval architecture company Jinlong has shared news on the launch of a 46.48-metre flagship superyacht of Chinese builder Jinlong. The vessel was designed for her owner, the martial arts movie star and producer Jackie Chan, who was also present at the ceremony.The order on the new 46.5-metre vessel was signed in October 2017, with production taking place at Jinglong’s Huludao Yacht Industry Park facility. Mulder design was responsible for both exteriors and interiors of the yacht, as well as her naval architecture.The full-aluminium vessel was built to RINA classification standards. Propelled by twin MTU 16V 2000 engines, the yacht will demonstrate a top speed of 21 knots and is designed to cruise at 19 knots. At a 12-knot speed though, she will be able to cover an impressive range of 3,000 nautical miles.Jackie Chan is considered one of the highest-payed actors in the world. Thus, in 2015 Forbes listed him second in the Highest Paid Actors ranking with $50 million earnings in 2014, seconding only to Robert Downey Jr. In 2019, Jackie Chan has earned $58 million, according to Forbes. Except for appearances in movies, he earns extra from a vast array of endorsements, producer credits and even his own line of movie theatres, states Forbes.In 2017, Jackie Chan took delivery of a 38.1-metre yacht by Chinese builder Ruiying.
US women football team celebrates the World Cup victory aboard 66m superyacht
This week, the U.S. women's football team celebrated their FIFA World Cup 2019 trophy aboard the 66-metre Delta Marine superyacht Invictus owned by U.S. billionaire and real estate magnate Rick Caruso, reports Forbes.The women won the cup on Sunday, July 7, defeating the Netherlands 2-0. Two days later, members of the team including Crystal Dunn, Ali Krieger and co-captain Alex Morgan posted Instagram stories from the yacht showcasing their cruise past the Statue of Liberty.According to Forbes, the visit was confirmed by Caruso’s representative, explaining that the owner of Invictus is a football fan, inviting the team onboard to demonstrate his support for equal pay to the male counterparts, which was the team’s long-time issue.Rick Caruso’s net worth estimated at $4 billion by Forbes, comes from a net of open-air shopping centres he developed around Los Angeles. His best-known property Grove, receives nearly 20 million visitors a year, overdoing the Great Wall of China or Disneyland.Delivered by Delta Marine in 2013, the yacht of a steel hull and aluminium superstructure features a 13.1-metre beam and a 4-metre draft. Within exteriors by Delta Design Group and interiors by Diane Johnson Design, Invictus can accommodate 12 guests across 6 cabins.Powered by engines of 2,575 hp, Invents boasts a maximum speed of 17 knots and a cruising speed of 16 knots.Invictus is available for charter starting from € 428,400 per week , through Burgess.

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