Turkey

Tim Saunders Yacht Design (TSYD)

Why yacht owners are taking things into their own hands and setting up shop in the superyacht industryWhile most superyacht owners prefer to remain on the consumer side of the business, there are some who have decided to venture further into the industry in the hopes of improving yachting for all. But what spurred these owners to make the leap from passive yachtie to industry leader? What areas of the business do they aim to improve and, most importantly, how? Here we pick the brains behind the founders of charter platform Ahoy Club, shipyards Lynx Yacht and Esenyacht and fractional ownership platform SeaNet Europe to learn the answers.Commissioning a new-build is thoroughly enjoyable, but sometimes laborious task, even with the right support team at hand. After struggling and failing to find a single yard that satisfied all of their own design and building requirements, experienced yachtsmen Slim Bouricha and Kadir Esen, founders of yards Lynx Yachts and Esenyacht respectively, decided to take matters in their own hands and establish their own shipbuilding facilities.<img src="https://photo-assets.superyachttimes.com/photo/48346/image/large-cc22ab118281bbf48c601521a346ff45.jpg" data-gid="gid://syiq/Photo/48346">After working for a company that designed and built facilities for oil and gas producers prior to branching out and setting up his first business Beender, Tunisia-born Slim Bouricha decided the time was right to build the yacht of his dreams in 2011. Dissatisfied with what the market offered him, he says: “One of the reasons I decided to set up Lynx Yachts was because I believed that many yacht owners went through the same process. I thought I could create a yacht building company that offered a building process that would match the needs of many yachtsmen. The idea was to put the owner at the very centre of the project.” The first yacht to sail off of Lynx Yachts drawing board was the 33.9-metre <a data-gid="gid://syiq/Yacht/4975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robbie Bobby 33.39m (109'7&quot;)">Robbie Boddy</a>, (ex; <a data-gid="gid://syiq/Yacht/4975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robbie Bobby 33.39m (109'7&quot;)">Jericho</a>, <a data-gid="gid://syiq/Yacht/4975" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robbie Bobby 33.39m (109'7&quot;)">Helidad II</a>), together with the first YXT, a range of super-cool yacht support vessels.Similarly Kadir Esen, a successful entrepreneur whose portfolio consists of charter, hospitality and leisure companies, set up Esenyacht in 2009 in Bodrum, Turkey in order to build his first yacht, the 36-metre sailing yacht <a data-gid="gid://syiq/Yacht/4511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glorious36.0m (118'1&quot;)">Glorious</a>. “Yachting has been in my blood for as long as I can remember,” explains Esen. “I was initially attracted by regatta racing and then later by the idea of cruising with my family. This passion led me to choose to build my first yacht <a data-gid="gid://syiq/Yacht/4511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Glorious36.0m (118'1&quot;)">Glorious</a>.” Although Esen has closely followed the yachting industry for a number of years, he, too, was unable to find a yard that was able to meet all of his needs as an owner. Esen felt that many of the yachts built speculatively offer a somewhat “watered-down” design or are too tailored to an individual’s taste. “I dreamed we could build a thoroughbred superyacht that would offer dynamic lines, performance, a voluminous and luxurious layout – capable of creating wide appeal and reflecting international and local owners.” This dream accumulated in the 47-metre sailing yacht Troy, currently in build at the yard’s facility in Turkey and set to launch later this year.<img src="https://photo-assets.superyachttimes.com/photo/48381/image/large-447e564c954f89b558ba541f39d726ba.jpg" data-gid="gid://syiq/Photo/48381">Both Lynx Yachts and Esenyacht have grown over the years, no doubt thanks to the dedication and passion their founders put into their respective yards. Lynx Yachts recently sold its 5th yacht, the 4th YXT support vessel since its establishment, while Esenyacht is currently working on a number of new superyachts concepts with designer Tim Saunders, following a number of international enquiries in addition to developing a new range of semi-production vessels in the 9 to 24-metre range.As yacht owners as well as successful entrepreneurs, we wonder what is their opinion on other yacht owners establishing their own yacht building facilities? “I think many yacht owners get into the yacht building business for the wrong reasons, thinking they might save money,”&nbsp;notes Bouricha. “This is why it often turns into a business statement. But, there are also success stories. It’s not always a total failure, but wanting to own a yacht is not enough of a reason to start a yacht building company.”&nbsp;Esen agrees, adding that creating a superyacht is comparable to building a small city. “Building a yacht is not for the weak hearted,” he confirms. At the same time, Esen feels like he is in an advantageous position when it comes to overseeing his own shipyard. “I am able to guide and direct the flow of the project to make good use of the latest technology which is balanced by high-quality craftsmanship – without being bound to any inherent ‘bad habits in the cobwebs’ possessed by some of the longer standing shipyards.”<img src="https://photo-assets.superyachttimes.com/photo/48421/image/large-0b32522913c3015f0c7e3ea51da45eee.jpg" data-gid="gid://syiq/Photo/48421">It’s not all smooth sailing and a long list of ‘pros’, however, as both Bouricha and Esen have also had to overcome significant hurdles to ensure success. For Bouricha, one main challenge was the handling of the marketing of Lynx Yachts. As many in the yachting business and beyond know only too well, ensuring that the market is aware of all you have to offer is no small undertaking. “At times people just see us as a yacht builder. They don’t know we build yacht support vessels as well as custom yachts,” says Bouricha.&nbsp;For Esen, one challenge the yard had to overcome was the rescheduling of Troy’s delivery in order to improve her overall build in 2016. However, with Troy in her final resting place prior to her completion and launch, Esen is positive she will be delivered soon. “We now focus our thoughts on finalising the fine details, launch day and beyond!”&nbsp;Overcoming challenges are part of the running of any business but it also sparks new ideas, such as Ahoy Club. Entrepreneur Ian Malouf set up Ahoy Club, a digital superyacht charter platform May this year, seeking to make chartering more accessible and transparent. Also known in Australia as the “king of waste,” Malouf has owned numerous boats and chartered over the years after setting up the leading waste management service provider and recycler in New South Wales, Dial-A-Dump Industries, as a student back in 1984. “The idea for Ahoy came to me very early on. I’ve chartered my whole life and it was just a difficult, long process,” says Malouf. “You have to find a broker, contact them and it would take weeks to book a charter… you sort of lose the excitement of wanting to book it after a while.”<img src="https://photo-assets.superyachttimes.com/photo/48349/image/large-912ea88a147a960fcba45ee72b53fbfd.jpg" data-gid="gid://syiq/Photo/48349">Following the purchase of the 52.4-metre <a data-gid="gid://syiq/Yacht/984" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mischief52.45m (172'1&quot;)">Mischief</a> in 2015, Malouf and his family came up with a few ideas that set them off on the path to developing the software needed to bring Ahoy Club to the market. “I decided we could probably improve on the situation.” Accessible via an app and on any digital device, Ahoy Club charges users a commission of 4%, together with a software fee of 3% instead of the usual 20% charged by most brokerage companies to charter, making it more affordable for all. “We are definitely cheaper. We are not making as much money but that's okay - there was too much fat in it. We trimmed the fat.”&nbsp;Another man who has new ideas - especially when it comes to yacht ownership is Matty Zadnikar, owner of the 28.5-metre Benetti <a data-gid="gid://syiq/Yacht/5570" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mister Z28.5m (93'6&quot;)">Mister Z</a> and founder of SeaNet Europe. &nbsp;Offering fractional ownership via a defined model that outlines how many weeks each owner has onboard their yacht in relation to their percentage ownership, &nbsp;SeaNet Europe is the sister company to SeaNet USA. The company offers owners a 75% reduction in the initial yacht purchase price and running costs, in addition to usage during the peak European yachting season and full cost transparency. “SeaNet USA and SeaNet Europe offer something completely different and ultimately that’s why our model works and is going from strength to strength,” explains Zadnikar. &nbsp;After selling his company Z-Safety Services in 2013, he began spending more time on his yacht during which he met with other owners who felt frustrated by the lack of time they were able to spend onboard their yachts and the constant costs. “I was aware that many companies have dipped their toe in the world of yacht co-ownership in the past and failed. This has been for a multitude of reasons, like the age of the yachts, the number of co-owners, impossible allowances for time spent on-board and a somewhat murky structure.” However, after meeting with the owner of SeaNet USA, he felt he had found the right model and launched SeaNet Europe. <img src="https://photo-assets.superyachttimes.com/photo/48347/image/large-ecc71b8b0ceb730b01660deedb6ed94f.jpg" data-gid="gid://syiq/Photo/48347">Yachting is a small industry, so one may wonder what charter and brokerage companies think of these new digital platforms who may be encroaching on their territory. Is there a similar reaction, for example, as Uber received from traditional taxi firms? “We’ve had mixed responses. I think the big brokerage houses don’t like us, they definitely don’t want the change we are bringing,” says Malouf. “Foolishly, I think they hoped it wouldn’t come. But I think ‘Uber-ising’ this industry would be something that is an eye-opener for everybody.” As Ahoy Club functions on a worldwide scale, the openness of the platform is key. “We are all about improving and bringing in more charters to the industry.”&nbsp;Despite mixed thoughts on the global sharing economy, Zadnikar is a firm believer that shared ownership will become an increasingly popular model in the future, especially for those who have chartered before but are not ready to own a yacht on their own. “Certainly I think the SeaNet Europe concept will continue to appeal to more and more superyacht owners. For example, when people first talked about UHNW sharing a jet people thought that it was never going to work, but now there are many companies that have made co-ownership of jets an extremely popular model." However, although he sees room in the market for similar ownership models, he is aware that there is a certain ceiling when it comes to the size of the yacht. “As a yacht owner, I fully recognise that those seeking yachts above 40-metres have no interest in co-owning a yacht. We are not targeting this sector, which is why we start at 28.5 metres and will expand to 41 metres.”<img src="https://photo-assets.superyachttimes.com/photo/48348/image/large-9e2fd31dad4e4da5b7b8de48650e72a9.JPG" data-gid="gid://syiq/Photo/48348">Malouf fully agrees with Zadnikar that the yachting industry is embracing newer models driven by the sharing economy. “I mean, look at Airbnb, it’s great! It offers people the chance to earn off their asset where they normally wouldn’t have.” In addition to their chartering platform and 24/7 concierge services, Ahoy Club also offers YOTSWAP, where owners of private yachts or commercial ships can swap their vessels around the world. “People are very interested in that as it lets them avoid the empty-voyage sort of situation. It’s all about utilizing the asset when you’re not using it yourself.”&nbsp;Outside of new models of ownership, what other areas do these owners in the business foresee becoming more and more important to the future of the industry? “Emerging markets and younger markets,” states Malouf. “These emerging markets are up and coming, but many individuals do not feel comfortable boating and how to go about chartering because it is just too unknown. We have to open that up.” In order to help open up these markets, Ahoy Club is set to launch in multiple languages in the next few months, making it easier for people to find out what is available in their region in their local language. Zadnikar has also set his sights on Asia, as SeaNet is set to attend the Singapore Yacht Show next year, signalling the start of SeaNet’s launch in Asia. “There are certainly exciting times ahead,” he concludes.This article is featured in the latest edition of the SuperYacht Times newspaper. <a href="http://www.superyachtcompany.com/newspaper/the-superyacht-times-subscription" rel="noopener noreferrer" target="_blank" title="">Subscribe now</a> to receive your copy straight to your door and never miss another issue.

Insight: Owners in the Business

The SuperYacht Times team can exclusively reveal that Esenyacht's 47.2-metre sailing yacht&nbsp;Troy&nbsp;is currently on the move in Bodrum, Turkey.&nbsp;<img src="/uploads/store/photo/40439/image/large-65c169ccb9ac82f20fa2a9ab0287932a.jpg" data-gid="gid://syiq/Photo/40439"><img src="/uploads/store/photo/40438/image/large-562e3eee5d9feba62253772ff3647471.jpg" data-gid="gid://syiq/Photo/40438">The steel hull from the Turkish shipyard has been transported to a larger shed on Aganlar Marina for completion. She has been moved to a heat and moisture controlled hangar in order to finish her paintwork in a clean environment.Designed by Tim Saunders, her naval architecture was developed by Dykstra Naval Architects. Once complete, she will be able to accommodate up to 12 guests and 10 crew members. &nbsp;<img src="/uploads/store/photo/40437/image/large-f1c741286d6232125ca52ab29745b39e.jpg" data-gid="gid://syiq/Photo/40437"><img src="/uploads/store/photo/40436/image/large-47fb54e3fa1a9a301b358587a1fbfb2a.jpg" data-gid="gid://syiq/Photo/40436">SYT previously visited the shipyard in 2016, shortly after the team at Esenyacht revealed they had decided to reschedule the launch of the 47.2-metre sailing yacht to improve the overall quality of the build. However, shortly afterwards the build of the superyacht was put on hold. Construction is believed to have been restarted again in 2018 and we next year we expect to see her sailing.<img src="/uploads/store/photo/40435/image/large-450f73094e17e643043dabd2422e58a6.jpg" data-gid="gid://syiq/Photo/40435"><img src="/uploads/store/photo/40466/image/large-4028b0fb2c7086a4d772f0f931608f9f.JPG" data-gid="gid://syiq/Photo/40466">

Exclusive: Esenyacht 47m Troy on the move

Esenyacht's largest project to date, the 47 metre superyacht Troy is on track for a launch later this year. The yard tells us the engine compartment, housing the single Caterpillar C32 1000hp engine, is very close to completion now.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/155109/image/large-ab907afac452044011c7619ccfa8f999.jpg" data-gid="gid://syiq/Photo/155109">Project Manager Serkan Kologlu had a template made of the engine exhaust riser to ensure that it would fit with ample space for the yacht’s engineer to have access to all of the equipment.The Turkish shipyard is also working on the staircase leading to the lower aft deck, to ensure that the staircase to the sun deck is comfortable, yet not too big.Troy benefits from a generously proportioned aft deck with a jacuzzi and direct access to the owner’s stateroom, and has steps leading down to a cosy sheltered lower aft deck.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/155110/image/large-8cdfb6a7c8bded0f1688516bca65a1a0.jpg" data-gid="gid://syiq/Photo/155110">With exterior styling and interior design by Tim Saunders working in conjunction with Esenyacht’s own design team, Troy will have accommodation for 12 guests and nine crew members. The spaces below decks will feature long flowing lines that reflect her role as a performance sailing yacht designed for competitive regatta racing as well as luxury cruising.The yacht's interior will feature materials such as marble from Esenyacht’s own quarry in central Anatolia and fine leathers sourced from suppliers to some of the top Italian luxury brands.Esenyacht have also entered into an agreement with the renowned Italian artist Lucio Bubacco to supply a truly magnificent glass sculpture that shall find a suitable and worthy home in the main salon of Troy.By Maarten Janssen

Esenyacht's Troy getting close to completion

Esenyacht, the Bodrum-based builder of specialist custom superyachts, has released new images of the 50-metre super-sailing yacht Troy, currently in build at the yard for completion in late 2014.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/146388/image/large-8e36ce12387ef8c27910b41a9ff0d5bc.jpg" data-gid="gid://syiq/Photo/146388"><img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/146389/image/large-ca4b9de2871b2bb11f90872184378bfa.jpg" data-gid="gid://syiq/Photo/146389"> <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/146390/image/large-3cb3f1bee1b35a6a52f770108c05ab68.jpg" data-gid="gid://syiq/Photo/146390">With exterior styling and interior design by Tim Saunders working in conjunction with Esenyacht’s own design team, Troy will have accommodation for 12 guests and nine crew members. The spaces below decks will feature long flowing lines that reflect her role as a performance sailing yacht designed for competitive regatta racing as well as luxury cruising.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/146391/image/large-3f77dfc33b163b20511cddaf4c465798.jpg" data-gid="gid://syiq/Photo/146391">Materials used will include marble from Esenyacht’s own quarry in central Anatolia and fine leathers sourced from suppliers to some of the top Italian luxury brands. This is in keeping with the Esenyacht ethos of uncompromising attention to detail and, as with the marble, the use of its own expertise and resources wherever possible.Special attention has also been paid to the design and layout of the galley, which will include technology not previously used in the yachting sector. More information on this will be released in the coming months. Work meanwhile is now focused on the initial fitting out of the steel hull, with the composite superstructure due to go on in early 2014.Troy follows on from Esenyacht’s inaugural project Glorious, a spacious 36m sailing yacht launched in 2011 that is currently chartering in the Mediterranean. Also available for sale, she was the first iteration of the Esenyacht philosophy that sets out to combine northern European quality with a commitment to building yachts that are genuinely handcrafted down to the finest details. This represents a deliberate departure from the standard superyacht model of complex supply chains and assembly-orientated production techniques.“We prefer the sense of personalisation that comes with our approach to building one-off yachts,” says General Manager Deniz Can. “The consistency that comes with high quality craftsmanship from one’s own workshops never goes out of fashion.”Esenyacht +90 252 316 66 11 <a href="mailto:info@esenyacht.com?subject=Article%20on%20SuperYachtTimes.com">info@esenyacht.com</a> <a href="http://www.esenyacht.com" target="_blank">www.esenyacht.com</a>Tim Saunders Yacht Design +90 (0)532 722 65 03 +44 (0)787 675 24 17 <a href="mailto:tim@tsyd.com?subject=Tim%20Saunders%20Yacht%20Design%20on%20SuperYachtTimes.com">tim@tsyd.com</a> <a href="http://www.tsyd.com" target="_blank">www.tsyd.com</a>

Esenyacht reveals first images of 50 metre Troy sailing yacht

The Nautique Refit and New Build Department, part of the Nautique Group, an international marine equipment, yacht interior fabricator and yacht management organisation, has recently commenced a major refit of a 54m, 715 gross ton super yacht in Istanbul Turkey on behalf of a European client.<img alt="" src="https://photo-assets.superyachttimes.com/photo/135435/image/large-3611c55dd24c082fb5a02173f26c1221.jpg" data-gid="gid://syiq/Photo/135435" class="legacy">The yacht formerly known as Fils de Grace and Sir Arthur J, was originally constructed in Holland in 1968 as a cable laying ship. In the 90’s she was converted to a yacht. The project is now known as <a data-gid="gid://syiq/Yacht/7" data-legacy="true" href="#managed-by-application">Touya</a>.This is the second major refit project undertaken by the Nautique Refit and new Build department. Last year the 38m <a data-gid="gid://syiq/Yacht/1424" data-legacy="true" href="#managed-by-application">Zeepaard</a> was extensively and successfully refitted in Istanbul by the group according to Don Dennison, the Touya Refit Project Manager and Orhan Celik, the Nautique Refit &amp; New Build Operations Manager.During the refit, the vessel will be brought up to full charter yacht class, and unrestricted navigation under BV supervision. All modifications will be made so she will be MCA LY2 compliant.<img alt="" src="https://photo-assets.superyachttimes.com/photo/135436/image/large-e68c49f2e988df64ae0aa83a5bb82f66.jpg" data-gid="gid://syiq/Photo/135436" class="legacy">Nautique retained Mulder Design as Naval Architects, while the client has appointed Tim Saunders Yacht Design for the interior design and exterior styling, and Castle Rock Marine as owner’s representative.At present the Touya has been totally stripped of all furniture, wiring, piping and all machinery. The only items left aboard that will not be changed are the twin rudders and the original steering gear.The Nautique Refit &amp; New Build Department, expects to re-launch the Touya in early 2012. Nautique is firmly committed to developing expertise in medium and large yacht refits, Nautique is convinced that refits when carried out in the right Turkish shipyards, using the best local skilled labour and combined with experienced management can be very cost competitive.

54 Metre superyacht Touya under refit in Turkey

Tim Saunders Yacht Design, (TSYD) is a newly founded, specialist, international superyacht design studio offering an A to Z scope of Design and Naval architecture services for luxury Sail and Motor yacht projects. <img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/129010/image/large-d024f181853e41f9c6f1c3b9a9646e09.jpg" data-gid="gid://syiq/Photo/129010">TSYD provides high-level and innovative design solutions for local and international clients and shipyards working on Custom, Production and Refit projects varying in style and length from 20m to 200m. TSYD is very well placed in the south-west of Turkey, on one of the World’s great continental crossroads, affording it’s clients with a superior connection to an extended Manufacturing and Service network. Turkey is experiencing an unrivalled expansion in yacht building and TSYD is one of the premiere yacht design specialists in the region, serving clients and Projects in Europe, Russia, Middle-East, Far East, the Pacific Rim and the Americas. Tim Saunders Yacht Design +44 (0)20 3286 7850 <a href="mailto:tim@tsyd.com?subject=Tim%20Saunders%20Yacht%20Design%20on%20SuperYachtTimes.com">tim@tsyd.com</a> <a target="_blank" href="http://www.tsyd.com">www.tsyd.com</a>