In an era defined by lockdowns and social distancing, sales reports ran amok across the board. Traditional sale trajectories for most sectors have been thrown off course – but not so much for the yachting industry. Champagne has been flowing across the whole sector as the combined new and used yacht sales are on course to exceed the 1,100 mark, according to SuperYacht Times’ in-house intelligence system, <a href="https://superyachttimes.ac-page.com/homepage" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>. <img src="https://photo-assets.superyachttimes.com/photo/191444/image/large-7bcd74f2c377e7db1304a1e547c47eac.jpg" data-gid="gid://syiq/Photo/191444">To date, 1,072 used and new yachts in the 24-metres and above category have been sold. As we still have a few weeks left of the year, it’s highly likely the scales will be tipped to exceed the 1,100 mark. 334 yachts in the 24-metres and above category were sold new, while the remaining 738 yachts were sold used.<img src="https://photo-assets.superyachttimes.com/photo/109216/image/large-6852f0e552d06fb05d1c01fbd8d86af0.jpg" data-gid="gid://syiq/Photo/109216">The big driver of sales was the 24-30-metre category, with 420 yachts of this size sold this year. Interestingly, a lot of <a data-gid="gid://syiq/Article/54061" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Market: Who is driving the post-pandemic boom? (2021-11-22 15:00:00 +0100)">sales have been concentrated in the States</a>. While some of the most notable sales of the year were the 126.2-metre <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a> superyacht <a data-gid="gid://syiq/Yacht/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Octopus126.2m (414'1&quot;)Lürssen Yachts2003">Octopus</a>, the 104.5-metre <a data-gid="gid://syiq/Company/3" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blohm & Voss GmbH (Company)">Blohm &amp; Voss</a> superyacht <a data-gid="gid://syiq/Yacht/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Moura104.85m (343'12&quot;)Blohm & Voss GmbH1990">Lady Moura</a> and the 72-metre <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN Spa (Company)">CRN</a> superyacht Azteca, now renamed <a data-gid="gid://syiq/Yacht/337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arbema72.0m (236'3&quot;)CRN Spa2010">Arbema</a>. <img src="https://photo-assets.superyachttimes.com/photo/192623/image/large-899cf5b24fdaf721f286e62afdf9b4da.jpg" data-gid="gid://syiq/Photo/192623">There are a few reasons behind this trend, Merijn de Waard, Founder &amp; Director of SuperYacht Times explains. “First, because of the pandemic – people waited to buy yachts. Second, we are seeing that clients who would normally charter yachts are making the jump to ownership. We spoke to some clients, who want to treat their hard work by buying a new yacht to travel the world. They want some more fun instead of only focussing on work. Finally, there has been a wave of people entering the market saying, ‘now is a great time to buy a boat’.”<iframe width="640" height="360" src="https://www.youtube.com/embed/9lSGefi6z7w?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Brokers have confirmed this too, with some reporting up to 20 percent of sales coming from buyers looking to purchase their first time. This influx of new people into the industry has also potentially <a data-gid="gid://syiq/Article/54008" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht brokerage & bitcoin: Is the trend here to stay? (2021-11-03 16:45:00 +0100)">spurred a change of buying habits</a>.&nbsp;“A lot of new money has been made during the pandemic, especially in the tech sector,” de Waard said. “This has led to a lot of younger people looking to enjoy their hard-earned cash in new ways. It’s usual for first-time buyers to look at smaller yachts, over time they often look to upgrade and go bigger. But there has also been a growing interest in larger yachts for these new owners. This is really great for our market because these new owners will probably buy a lot more yachts throughout their lifetimes and get their friends and business partners involved as well.”<iframe width="640" height="360" src="https://www.youtube.com/embed/aoUxGbhjO4o?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> Over the past few years yacht sales have been on a pretty steady trajectory. In 2018, 788 yachts in the above 24-metre category were sold. The sales figures for 2019 was about the same, with 771 in the same category sold. There was then an uptick in 2020, with sales reaching the 821 mark. This year though, sales have boomed and vastly exceeded expectations.<img src="https://photo-assets.superyachttimes.com/photo/212452/image/large-729a1f17a54798e861ad1ed45a829553.png" data-gid="gid://syiq/Photo/212452"><a data-gid="gid://syiq/Article/54008" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht brokerage & bitcoin: Is the trend here to stay? (2021-11-03 16:45:00 +0100)">Is the sales boom sustainable?</a> – is the question at the back of a lot of our minds. “Well, I’m not too sure yet,” de Waard previously responded. “I’m very optimistic and I definitely think yachts will keep selling, but there needs to be the product as well; there needs to be yachts for sale. And if we look at the number of new yachts coming on the market, it is less than the same time last year."

Yacht sales booming and expected to pass the 1100 mark

Octopus yacht cruising

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Benetti Oasis yacht Joy launch in Livorno 

Lady Moura yacht cruising

Arbema yacht cruising 

Champagne has been flowing across the whole sector as the combined new and used yacht sales are on course to exceed the 1,100 mark. 

Yacht sales booming and expected to pass the 1,100 mark before the New Year

Robert Lama has joined the <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> team as a Sales Consultant based out of the Fort Lauderdale office.<img src="https://photo-assets.superyachttimes.com/photo/49166/image/large-e22efe6e2a46f17cc0ded2f7ce0609ea.jpg" data-gid="gid://syiq/Photo/49166"> Lama began his career in the commercial insurance industry, purchasing a small firm and transforming it into Lama Insurance, which became one of New York’s largest brokerages. After selling the firm to First Niagara Financial Group, Rob was appointed as the company’s Senior Vice President, where he guided the Insurance Division with over $600,000,000 in annual sales. He also founded Lama Commercial Real Estate, where he negotiated site acquisitions for a number of large American retailers, including Walmart, CVS, and Rite Aid. During this time, Lama owned a yacht in Miami for his entire family to enjoy.&nbsp;After moving to Miami, Lama combined his love of yachting with his business acumen, establishing <a data-gid="gid://syiq/Company/5135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Miami International Yacht Sales LLC. (Company)">Miami International Yacht Sale</a>. Lama’s business and negotiation experience enabled him to find his niche in the sale of vessels over 30-metres. He now joins <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> in 2023 after many years of successfully running his own yacht brokerage firm. Lama takes pleasure in finding the perfect yacht for his clients, and supporting them throughout the process.&nbsp;

Robert Lama joins the IYC team

Robert Lama has joined the IYC team as a Sales Consultant based out of the Fort Lauderdale office.

<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a> (<a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>) has signed an exclusive partnership with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> for the US market. <img src="https://photo-assets.superyachttimes.com/photo/247252/image/large-61b746cbc710710c0b918f3424926429.jpg" data-gid="gid://syiq/Photo/247252">“We have chosen <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> as a partner for the US market because we have already had the opportunity to realise that we share the same approach and enthusiasm to yachting and we both are truly committed to customer care,” Vasco Buonpensiere, co-founder and CEO of <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a>, commented.<img src="https://photo-assets.superyachttimes.com/photo/252324/image/large-827ea5d635e2cb0415deb33ca2da5470.png" data-gid="gid://syiq/Photo/252324">“We decided to team up with one of the most reputed and well-established companies in the field, <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>, which will provide forward-thinking advice and support to owners and brokers throughout the process of purchasing and managing a yacht built by <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">Cantiere delle Marche</a>.”<img src="https://photo-assets.superyachttimes.com/photo/262723/image/large-48a70d5e7986240c07053eff073e590d.jpg" data-gid="gid://syiq/Photo/262723">"<a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> will act as a real <a data-gid="gid://syiq/Company/2354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere delle Marche (CdM) (Company)">CdM</a> sales office in the US, therefore becoming also a very important reference point for the American brokerage community which will deal with <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> on the same terms as they would deal directly with the shipyard,” Buonpensiere continued.<img src="https://photo-assets.superyachttimes.com/photo/262722/image/large-f636b226d57f16e148be52ab8eba3529.jpg" data-gid="gid://syiq/Photo/262722">

CdM signs exclusive partnership with IYC

Cantiere delle Marche (CdM) has signed an exclusive partnership with IYC for the US market.

CdM signs exclusive partnership with IYC for US market 

After attempting to meet up during a very busy boot Dusseldorf, we finally had the chance to sit down with Nick Gelevert, Founder and CEO of <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> over Teams in early February. Nick comes from a long line of yacht brokers, his grandfather Hans Lengers founding the Netherlands’ first brokerage. Today Nick is both the CEO of the ‘first Dutch superyacht charter company’ <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> with seven international offices and an impressive portfolio of pedigree yachts, and the Sales Director of brokerage firm <a data-gid="gid://syiq/Company/359" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lengers Yachts (Company)">Lengers</a>. With expansion always on his mind, Nick has much in store for the boutique charter firm. SYT found out more. <img src="https://photo-assets.superyachttimes.com/photo/262239/image/large-028247e85db04278e4d7d6c2adfec517.jpeg" data-gid="gid://syiq/Photo/262239">With a legacy of brokerage in your family, was it always your plan to become a broker?I was born and raised in the midst of the yachting industry, and of course it came to my mind from a young age that I might work in the industry as well. My grandfather started selling yachts in the 1970s and there was also a boat building business within the family, so yachting is truly part of my family heritage. When the time came for me to start my first business however, I decided to break from the family tradition and I founded a company within the real estate industry. I think it was partly a youthful rebellion – I was only 23 – but I quickly realised that I’d made a mistake not following my passion for the yachting industry.I had been an active and competitive sailor from the age of eight, racing every week, and of course having grown up within my family, yachting was truly where my heart lay. So I &nbsp;decided to pivot the concept I’d created within the real estate industry, and do something similar within yachting. The business became <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters</a>; the first AirBnB for boats. <img src="https://photo-assets.superyachttimes.com/photo/69988/image/large-e5de394c61cf3a6b29fbcc9408e9bf14.jpg" data-gid="gid://syiq/Photo/69988">So how did an AirBnB for boats transform into a superyacht charter brokerage house?In 2015 we launched the platform and were the first in the world to do so. There were some other early adopters but we grew very quickly, operating in 63 countries with 12,000 boats available for rent. It was a successful beginning but we quickly realised that in order to become a truly profitable business, we would need a huge operational network. Boats are nothing like houses; they need work, maintenance and expansive shoreside support.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/50182/image/large-00c42362b1bed144ada7b119cd9afc4f.jpg" data-gid="gid://syiq/Photo/50182">Why do you think that the company has done so well – how do you stand out from the crowd?At the same time as I was having these thoughts, clients from Lengers were generating leads and asking questions about Boatsters and enquiring if I could assist them with yacht charter. From these leads came a very organic transition into <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a>, where we began to work with crewed yachts above 20-metres. Not long after this transition, we took Boatsters offline and I focused my energies on the development of the superyacht charter business. Since that decision we’ve opened international offices, are managing some very exciting yachts and expect to double our fleet in 2023. The company is positive and profitable and with the direction we’re currently going, we will be one of the top players in the charter industry within a few years.&nbsp;I believe that our approach is what makes us stand out. We are a boutique charter company, and we don't have aspirations to be the biggest, we want to provide the best service to a limited number of clients. We have regular contact with owners, we offer a personal concierge service for onshore support, we are incredibly active and make our clients really feel how much we value them. <img src="https://photo-assets.superyachttimes.com/photo/216778/image/large-e3b74dc8cf7cf04994e4b19dd6e7c678.jpg" data-gid="gid://syiq/Photo/216778">What has it been like breaking into an industry that has been dominated by long standing and large companies, such as&nbsp;<a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a>&nbsp;or&nbsp;<a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a>?When we set out we knew it would be like David and Goliath, but I have always enjoyed a challenge. My aspiration when we set out was to establish <a data-gid="gid://syiq/Company/6127" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boatsters Black (Company)">Boatsters Black</a> as the industry’s first Dutch charter house, just as my grandfather was the first Dutch broker. I am happy to say we’ve achieved that goal and now we are looking to the next challenge.&nbsp;The yachting industry has an obsession with being the biggest, with companies claiming ‘the biggest charter fleet’ or the most charters completed, but what does that actually mean for the client? Very likely it means an impersonal approach, with yachts being managed by a conglomerate rather than a person &nbsp;– we do not aspire to become that kind of business!&nbsp;What are your plans for the future for the business?The next stage is expansion. We’ve built a base from which the company can grow exponentially and my attention first will be to make sure that our services are the best they can be. We aren’t going to be accepting any and all boats to the fleet, but really making sure that the yacht is able to offer clients the best services, with a stable crew and good knowledge base.&nbsp;In 2022 we had a revenue of over €12 million and with an expansion into the full spectrum of services including crewing and management, I expect that to see a stable increase this year. <img src="https://photo-assets.superyachttimes.com/photo/216755/image/large-6c1f9a59bba24e5170d83edfc3039cf0.jpg" data-gid="gid://syiq/Photo/216755">Finally, what advice would you give to an aspiring entrepreneur?Firstly, focus on an aspect of this industry and be the best at that aspect. There are so many generalists within yachting and what there needs to be is more specialists. Secondly, know your product better than your client, there are too many brokers out there who don't truly understand superyachts and that does a disservice to clients and dissuades people from remaining in yachting.<img src="https://photo-assets.superyachttimes.com/photo/262241/image/large-7cb830fd8f9d3ab3775a8b19035afdb5.jpeg" data-gid="gid://syiq/Photo/262241">Nick GelevertAge: 32Nationality: DutchSales revenue last 36 months: €200 million&nbsp;Company founded: 2014This article was originally published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-44" rel="noopener noreferrer" target="_blank" title="">Issue 44 of SuperYacht Times newspaper</a>.&nbsp;To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper,&nbsp;<a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

Interview with Nick Gelevert of Boatsters Black

We interviewed Nick Gelevert, CEO of Boatsters Black, for the latest edition of our Entrepreneur in Yachting series.

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Building the first Dutch superyacht charter brokerage: Nick Gelevert of Boatsters Black

Turkey-based builder <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> has announced the appointment of Ali Tanir as General Manager. Ali Tanir joins the team with almost 20 years of experience in international operations and an extensive background within the industry.<img src="https://photo-assets.superyachttimes.com/photo/262377/image/large-8d67ef81bc2b6b444f4370ddc91cba84.jpg" data-gid="gid://syiq/Photo/262377">For the past 11 years, Ali Tanir worked at various positions at <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a> ranging from Communication and Brand Manager to Head of International Sales. Prior to joining <a data-gid="gid://syiq/Company/1088" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Numarine (Company)">Numarine</a>, Ali Tanir worked for a number of companies and institutions on the market, namely Istanbul Offshore Club, <a data-gid="gid://syiq/Company/1198" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vicem Yachts (Company)">Vicem Yachts</a>, <a data-gid="gid://syiq/Company/5761" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yuka Yacht (Company)">Yuka Yacht</a> and the UIM Class 1 Powerboating series."We strive to establish ourselves in the elite of the yachting world, and the new move will help us to achieve this," said Coskun Bayraktar, Founder and Owner of <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF Yachts</a>. "I believe Ali Tanir is the perfect executive for the role of our new General Manager and with him leading the way we will be able to realise the most daring plans."<a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> has already delivered three 24-metre <a data-gid="gid://syiq/Company/5603" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VisionF (Company)">VisionF</a> 80 catamarans since 2020 and is preparing to launch the fourth unit in the series.&nbsp;

VisionF Yachts appoints Ali Tanir as General Manager

Turkey-based builder VisionF has announced the appointment of Ali Tanir as General Manager. 

<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has acquired a 70,000 square-metre located production site in Ravenna, Italy, which was financed entirely with equity raised by the company’s listing on the Hong Kong stock exchange.<a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> is a world leader in the design, construction, and sales of luxury yachts. Led by Chief Executive Officer Alberto Galassi, the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> owns and manages seven shipyards across Italy and has recently announced the acquisition of a new production facility in San Vitale, province of Ravenna.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/205162/image/large-55c378269a7c50145cf5561442898726.jpeg" data-gid="gid://syiq/Photo/205162">“Ravenna is the right home for Wally sailing yachts and the expansion of our other brands, starting with the extraordinary <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> Yachts<a data-gid="gid://syiq/YachtModel/12694" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti InFYnito 9026.97m (88'6&quot;)">&nbsp;INFYNITO&nbsp;</a>range. We choose Italy again and invest not only to become stronger but also to hold the flag high for an industry that is a symbol of our country: luxury yachting and the extensive entrepreneurship and artisan craftsmanship network that is the admiration and envy of the entire world,” commented <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO, &nbsp;Alberto Galassi. <img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-395cb676eccc2227c5cd58d5e78808e0.jpg" data-gid="gid://syiq/Photo/220951"><a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">The Ferretti Group</a> will invest a total cost of 80 million euros towards the 70,000 square-metre site, including a dry dock. The initial acquisition investment cost the Italian company around 40 million euros, while over the next three years, a further 40 million euros will be needed to craft new production spaces and an R&amp;D centre.&nbsp;This acquisition underpins the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> ambitions and growth strategy, with this recent facility looking to enable them to increase their production by 20%. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group&nbsp;</a>CEO Alberto Galassi explains how this “acquisition keeps a promise” as <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> “have big plans and picture a state-of-the-art production site from every point of view: worker well-being, positive social impact, and environmental protection.” The new space is conveniently close to their Forlì headquarters and Cattolica shipyard. Other investments from the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> have included expansions across the La Spezia and Ancona Superyacht Yard, which aligns with the Italian company’s five-year growth strategy.The acquired production site has been speculated to be that of the<a data-gid="gid://syiq/Company/4643" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rosetti Superyachts (Company)"> Rosetti </a>shipyard.&nbsp;

Ferretti Group expands and acquires a Ravenna site

Ferretti Group acquires a production site in Ravenna, forming part of their five-year growth strategy.



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Ferretti Group acquires 70,000 square-metre production site in Ravenna, Italy

During the <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> “Road to 2030” business presentation, the Italian shipbuilder detailed its strategy toward a carbon-neutral future, confirmed its strong financial health and announced its intention to acquire <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-33c2013c7f70e6061b95ebfb1d89c641.png" data-gid="gid://syiq/Photo/261779">The attitudes toward luxury and yachting are changing fast in China, and <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> “expects big growth in Asia”, Massimo Perotti, Chairman and CEO of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, explained during the conference. “In the last year, we have seen two signs indicating change. The first is the Hainan Highlands – considered the monte-carlo of China – becoming a free tax zone. So the Chinese can go to Hainan Highlands and buy a yacht without paying taxes. A big achievement. Secondly, there is a programme from the government to increase the number of marinas from Hong Kong to Macau.”&nbsp;<a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> is the oldest and most established yacht dealer in Asia and the exclusive dealer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> in the region. According to Ferruccio Rossi, Executive Director &amp; General Manager of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> currently generates around €90-100 million annually, with “growing potential” for more sales in the region. <img src="https://photo-assets.superyachttimes.com/photo/186547/image/large-027506dd02607cf9f9f97c2bd2ae425b.jpg" data-gid="gid://syiq/Photo/186547">Read:&nbsp;<a data-gid="gid://syiq/Article/54941" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="How Hong Kong could ignite a yachting boom in China (2022-04-12 14:00:00 +0200)">How Hong Kong could ignite a yachting boom in China</a>Outside of Asia and looking at <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> more generally, the builder confirmed outstanding financial health with a backlog (as of 31 December 2022) cleared from Net Revenue New Yachts amounting to €1,069.6 million, compared to €915.6 million as of 31 December 2021. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed record-breaking orders for €452.2 million beyond 2023.&nbsp;An interesting phenomenon cited in the conference was a decrease in the average <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> client. Prior to the Covid-19 outbreak, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> buyers were, on average, 56 yet post-lockdown years, this age now stands at 48 – a significant decrease that brings a “new mindset to the yachting industry”<img src="https://photo-assets.superyachttimes.com/photo/178254/image/large-41061535f69fe7ca1d2c1b710787f63e.jpeg" data-gid="gid://syiq/Photo/178254"><a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has found that their average buyer is not only younger but is now spending twice as much time on board, with estimates as high as 120 days per year. Novel technologies such as Starlink support this trend, as owners can stay connected near enough anywhere in the world.&nbsp;In regards to its sustainability mission in the superyacht sector, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> confirmed it is still on track to launch the first 50 Steel equipped with methanol fuel cells to power all on-board services next year; and in 2028, it will launch the first superyacht – another 50 Steel – to be powered solely by methanol. <img src="https://photo-assets.superyachttimes.com/photo/192118/image/large-739ebb232bb40646a582286340b4632e.jpeg" data-gid="gid://syiq/Photo/192118">Read:&nbsp;<a data-gid="gid://syiq/Article/56805" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo to launch 'net-zero' superyacht in 2027 (2023-01-24 12:30:00 +0100)">Sanlorenzo to launch 'net-zero' superyacht in 2027</a>Looking forward, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> expects to see high single-digit CAGR, starting with a forecast for 2023 between €810-830 million, up by 11% from 2022. <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> also expects its margin to increase significantly, with an EBITDA margin equal to or greater than 19.5% in 2025.&nbsp;<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> plans to invest between €143-155 million over the next three years. It will also expand its current portfolio of models from 26 to 36, comprising 17 in the yacht business unit, 8 in the superyacht business unit and 11 <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>.&nbsp;

Sanlorenzo business report and intention to acquire Simpson Marine

Sanlorenzo announces strong financial health and the intention to acquire Simpson Marine during its “Road to 2030” business presentation. 

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Sanlorenzo announces €1b backlog and intention to acquire Simpson Marine

Austria-based builder <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> has announced it is expanding its presence in the Asian market by signing an agreement with <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a>.<img src="https://photo-assets.superyachttimes.com/photo/243181/image/large-c6914543e6f18b57554436d3995e9c7b.jpg" data-gid="gid://syiq/Photo/243181"><a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> will become an exclusive dealer for <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> in Singapore, Hong Kong, and Thailand, providing them with access and service to the company's full range of solar-powered catamarans for clients in those regions.<img src="https://photo-assets.superyachttimes.com/photo/255819/image/large-ba7002dd0ba0ef11a0ea9472f68f8485.jpg" data-gid="gid://syiq/Photo/255819">"<a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> has pioneered and championed this now key segment of alternative powered catamarans for close to 20 years, gaining incomparable experience and developing reliable and performing solutions,” commented Eric Noyel, Founder and CEO of <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a>.&nbsp;“We are proud to have been chosen to accompany them in this exciting development. We expect the solar electric catamarans to be a huge success in Southeast Asia. Our clients are increasingly sensitive to the environmental challenges.”<img src="https://photo-assets.superyachttimes.com/photo/261601/image/large-2ef3ffa25cc5484ab38191046f78700f.jpg" data-gid="gid://syiq/Photo/261601"><a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> already has over 15 years of experience in the boating industry and prides itself on being the trusted, exclusive dealer of luxury yachts from leading brands across the globe. The brand also represents <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> in those territories. The partnership with <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> will further establish the group as a central player in the Asia Pacific region and is a major step forward for both companies."We are pleased to have such a reputable company as our partner in a very promising yachting region," said Michael Köhler, CEO of <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a>. "We are excited to work together and bring sustainable yachting to Asia.”<img src="https://photo-assets.superyachttimes.com/photo/243176/image/large-f3cadca624fe4cea03175a21fb4280c5.jpg" data-gid="gid://syiq/Photo/243176"><a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> currently has 28 solar electric catamarans under construction in two production sites, including the flagship Silent 120 Explorer, with the order book filled until 2024. Both <a data-gid="gid://syiq/Company/5188" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silent Yachts (Company)">Silent-Yachts</a> and <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> are set to take part in the Singapore Yacht Show from April 27-30, 2023.

Silent-Yachts appoints new exclusive dealer in Asia Pacific

Silent-Yachts has announced the appointment of Asiamarine as a new exclusive dealer in Asia Pacific.

Silent-Yachts appoints Asiamarine as new exclusive dealer in Asia Pacific

Today we are proud to present you the all new SuperYacht Times. Built completely afresh by our in-house team, the launch signals a new era for the SYT website. Originally launched in 2007 as the first superyacht website with daily news and a free to access superyacht database, this new version is a major step in making SuperYacht Times future proof.<img src="https://photo-assets.superyachttimes.com/photo/261421/image/large-f548f0b612a343512f8cf2bba1de823c.jpg" data-gid="gid://syiq/Photo/261421">Thanks to the flexible setup of the system we can easily adjust every page and highlight breaking news items. Furthermore we can also build fully custom ads within this framework for our clients.Besides the look and feel of the website, we have also made a major change to the content that we will cover. Of course you will still be able to find all of the content you are used to, and we will continue to be the first with new launches and breaking news, but we have now added a more in-depth level to our editorial content.As you have recently seen, we’ve branched more deeply into the technical side of yachting with the launch of the <a href="https://www.superyachttimes.com/magazine" rel="noopener noreferrer" target="_blank" title="">How to Build It</a> magazine. This content will feed into the new website with an online section updated throughout the year and dedicated to technical news, product updates and construction news. In addition to How to Build It, we have also developed several content topics;<img src="https://photo-assets.superyachttimes.com/photo/261420/image/large-4f86285194ba47950bcd58b63dd0956a.jpg" data-gid="gid://syiq/Photo/261420"><a href="https://www.superyachttimes.com/news" rel="noopener noreferrer" target="_blank" title="">News</a>As always, you can find all of the latest news first on the SuperYacht Times news section. Accuracy will continue to be the top priority for the SYT team and in the news section you will find everything we have published in chronological order.&nbsp;<a href="https://www.superyachttimes.com/yacht" rel="noopener noreferrer" target="_blank" title="">Yachts</a>Everything related to the world of superyachts, including access to SYT’s renowned superyacht fleet database which includes over 10,000 yachts over 24 metres.<a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">Yachts for Sale</a>SuperYacht Times has the largest collection of yachts for sale in the world, with more than 1,700 yachts for sale on our website right now. With the launch of the new SYT website we have developed our featured yachts for sale section, offering brokers the best positions on the website to get the most exposure for the yachts on the market.<a href="https://www.superyachttimes.com/business" rel="noopener noreferrer" target="_blank" title="">Business</a>In addition to all of the important business news from yacht builders and designers, the SYT editorial team will also report on the latest appointments, acquisitions and expansions from suppliers, brokers and more, delving deeper into the companies that make our industry tick. Subscribe for the SYT newspaper to get all the latest in-depth business features.<a href="https://www.superyachttimes.com/market" rel="noopener noreferrer" target="_blank" title="">Market</a>In our market section you will be able to find all of the latest yacht market updates, alongside unique insight from top industry experts. In this section you will also be ale to find all of the latest exclusive reports from the SYT iQ team, as well as download our annual The State of Yachting market report.<a href="https://www.superyachttimes.com/design" rel="noopener noreferrer" target="_blank" title="">Design &amp; Interior</a>&nbsp;SYT has always shared exclusive interviews with interior and exterior designers, as well as new concepts unveiled across the industry. We have now developed this important sector of the website, to include more onboard features of the newest, biggest and best yachts in the world.<a href="https://www.superyachttimes.com/how-to-build-it" rel="noopener noreferrer" target="_blank" title="">How to Build It</a>By now you will all have seen our new technical magazine How to Build It, and in the new dedicated section of the website you will be able to find out in-depth reports, supplier news and articles related to the technical side of the industry.<img src="https://photo-assets.superyachttimes.com/photo/239694/image/large-b3f9a4fef4245385ca88550126c4c443.jpg" data-gid="gid://syiq/Photo/239694"><a href="https://www.superyachttimes.com/event" rel="noopener noreferrer" target="_blank" title="">Events</a>&nbsp;&nbsp;You will be able to find a full directory of all yachting industry events on the SYT website, with a full list of exhibiting yachts and companies. You will also be able to find the top events news, be it regattas, conferences or, of course, yacht shows.&nbsp;We look forward to hearing your feedback on the new website and if there are features you would like to see in the future, we would like to hear from you so please reach out to us at <a href="mailto:news@superyachttimes.com" target="_blank">news@superyachttimes.com</a>&nbsp;&nbsp;&nbsp;

New SuperYacht Times website launched

Welcome to the new bigger and better SuperYacht Times website, with new features and more in-depth technical stories.

Welcome to the new SuperYacht Times

<a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a>, one of the largest and fastest-growing premium marine retailers in the United States, has appointed Carmen Bauza to its Board of Directors.<img src="https://photo-assets.superyachttimes.com/photo/260999/image/large-1b5f0e47551ca9405db889d405e20e6a.jpg" data-gid="gid://syiq/Photo/260999">Ms. Bauza will serve as an additional independent director, effective from 1 March 2023. This appointment has increased the size of the Board from eight to nine directors, seven of whom are independent.“We are excited to welcome Carmen Bauza to the Board of Directors. Carmen is a seasoned executive with global retail experience and a proven track record of consistently driving growth through omni-channel marketing strategies, product innovation and digitisation,” said John Schraudenbach, <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater</a>’s Chairman of the Board. “We look forward to benefiting from Carmen’s valuable insights and expertise as we continue to execute on our growth strategy and deliver value for our shareholders.”Born in Ponce, Puerto Rico and a graduate of Seton Hill University, Ms. Bauza studied fashion merchandising and business management and has had numerous senior roles throughout her career. Ms. Bauza currently serves as a member of the board of directors for Zumiez Inc., Destination XL Group, Inc., and the board of managers of Claire’s Stores Inc. She is also an advisor to RoundTable Healthcare Partners.At <a data-gid="gid://syiq/Company/6146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="OneWater Marine Inc. (Company)">OneWater Marine</a>, Ms. Bauza will also serve on the Audit and Compensation Committees with her fellow board members.

OneWater Marine appoints Carmen Bauza to Board of Directors

OneWater Marine has appointed Carmen Bauza to its Board of Directors, as an additional independent director. 

The <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> reports strong financial health and remarkable growth across all areas in 2022 compared to 2021, with a net revenue of over €1 billion in 2022.<img src="https://photo-assets.superyachttimes.com/photo/260867/image/large-5e5d5c3dcbe40ce54198eb723f80f847.jpeg" data-gid="gid://syiq/Photo/260867">The Italian-based group reports a strong order book for 2022 with an intake of €1.162 billion, up by 19.6 percent in comparison to 2021, which the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> pins down to a strong global market demand. They have also won a significant number of orders during this period with a backlog of €1.296 billion, up by 27.6 percent compared to 2021.&nbsp;The impressive order backlog breakdown comes from composite yachts, made-to-measure yachts and superyachts, as well as other businesses, including ancillaries. The majority of the backlog comes from composite yachts, which reached €439.3 million, making up 42.6 percent of total revenues in 2022.<img src="https://photo-assets.superyachttimes.com/photo/205162/image/large-55c378269a7c50145cf5561442898726.jpeg" data-gid="gid://syiq/Photo/205162">Overall, the net revenue for the <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> reached an impressive €1.030 billion for the period ending December 31, 2022 - a 14.6 percent increase to the previous year where <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> capped out at €898.4 million.&nbsp;Earnings before interest, taxes, depreciation and amoritisation (EBITDA) was up 36.5 percent as the firm hit €102.6 million, with an EBITDA margin of 14.1 percent. They also have a net profit of €60.5 million, which amounts to a growth margin of 6.1 percent from last year. This increases 170 basis points compared to 2021 at 4.4 percent. &nbsp;The Group’s net financial position improved from €93 million of net cash in 2021 to €365 million in 2022. <img src="https://photo-assets.superyachttimes.com/photo/220951/image/large-395cb676eccc2227c5cd58d5e78808e0.jpg" data-gid="gid://syiq/Photo/220951">"These exciting results describe <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group’s</a> glorious present and tell the story of its future. The luxury yachting market continues to expand, and we have good reason to believe that our results in the coming years will be increasingly positive. <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> has a portfolio of brands that are unique in the world for their breadth, prestige and beauty, and an industrial vision focused on investments in innovation and sustainability: two closely related factors that will increasingly make the difference,” said <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> CEO Alberto Galassi. “There are no magic formulas, but with these numbers and the success factors I have just mentioned, I can assure our shareholders and our customers that theirs is and will continue to be a winning choice”.The strong performance results for 2022 have been chalked up to three main factors. The continuous launch of new models, alongside the longer waiting list due to the extensive order book, means greater pricing power. They have also strategically positioned themselves to create a stronger presence in the made-to-measure market, which is currently the most profitable. On top of this, they have also seen more absorption of fixed costs.<img src="https://photo-assets.superyachttimes.com/photo/170889/image/large-ad62b45ff4fcaff3c8777b9dcaceec0b.jpg" data-gid="gid://syiq/Photo/170889">Looking forward, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti</a> has stated that they will focus on adapting and improving the offer and mix of products based on the evolution of market trends and customer expectations, as well as expanding the made-to-measure portfolio in large alloy yachts. They will also focus on the vertical integration of strategic and high value-added activities to ensure excellence in the luxury design, performance, quality and reliability of their yachts, and on improving the overall offer with the aim of strengthening the resilience and profitability of the business.

Ferretti Group reports net revenue of 1 billion

The Ferretti Group reports strong financial health and remarkable growth in 2022, with a net revenue of €1.030 billion.

Ferretti Group reports net revenue of over €1 billion in 2022

<a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA Yachts</a>, part of the <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a> network, has announced the sale of a new bespoke 66-metre project to be built in Ancona. The superyacht has been sold to a European customer.&nbsp;The sold superyacht features naval engineering by <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a>, exterior design by <a data-gid="gid://syiq/Company/289" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Vallicelli Design (Company)">Vallicelli studio</a>, and interior design by <a data-gid="gid://syiq/Company/19" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Pinto (Company)">Pinto</a>, who worked collaboratively on this unique project. This design partnership has worked together on other yacht designs in the past, including the 66-metre <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA&nbsp;</a>timeless icon <a data-gid="gid://syiq/Yacht/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Okto66.4m (217'10&quot;)ISA Yachts2014">Okto</a>.<img src="https://photo-assets.superyachttimes.com/photo/262990/image/large-b85df92631b335000a68d63f10b11d72.jpg" data-gid="gid://syiq/Photo/262990">With a steel hull and aluminum superstructure, <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> Custom 66-metre superyachts will be characterised by a dynamic profile with the typical <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> hallmark of the three arches connecting the decks. Additionally, the beach club will have the ability to be an open platform to transform the aft deck lower-level space into an expansive living area equipped with a gym, lounge, and spa meeting all the needs of those onboard. <img src="https://photo-assets.superyachttimes.com/photo/262989/image/large-916b188f2fa3d77576898637ab701c33.jpg" data-gid="gid://syiq/Photo/262989">“This new construction is the result of the constant work that our shipyard has undertaken since 2016 when we acquired the Ancona facility together with the <a data-gid="gid://syiq/Company/201" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ISA Yachts (Company)">ISA</a> brand. Excellence is our ultimate goal in everything we do and I would like to thank all the clients who have placed their trust in <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyach</a><a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">ts&nbsp;</a>and all the commercial and production teams who work alongside me daily. We have many exciting challenges ahead of us and we will face them with the concreteness that has guided and distinguished us up to now,” commented Giuseppe Palumbo, founder and Sole Director of <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts.</a><img src="https://photo-assets.superyachttimes.com/photo/54846/image/large-ebbed71972f89409498ba2ed51f8aada.jpg" data-gid="gid://syiq/Photo/54846">The sold superyacht is currently under construction at <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumb</a><a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">o Superyachts</a> shipyards, where there are several other superyachts being built.

66m ISA custom build superyacht sold

A custom ISA 66-metre superyacht has been sold to a European customer and is set to be built in the Palumbo Superyachts shipyard.

New custom 66m ISA superyacht sold 

Istanbul-based builder <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a> has announced the sale of the 49.9-metre <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 163 yacht Eternal Spark. The motor yacht was sold last year with Matija Longin from <a data-gid="gid://syiq/Company/6710" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyachts Croatia (Company)">SuperYachts Croatia</a> and Berkay Yilmaz, Commercial Director of <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a> facilitating the sale.<img src="https://photo-assets.superyachttimes.com/photo/262967/image/large-b22c065174b3c554fc08e2d07fb59379.jpg" data-gid="gid://syiq/Photo/262967">Eternal Spark features exterior design and naval architecture by <a data-gid="gid://syiq/Company/4305" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unique Yacht Design (Company)">Unique Yacht Design</a> with interiors by the <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a> team, which used precious materials to create a modern, rich and warm interior design.<img src="https://photo-assets.superyachttimes.com/photo/262970/image/large-32fdaa6f3643d5e5b826bf9b4d8e4665.jpg" data-gid="gid://syiq/Photo/262970">“We foresee a further enhancement in the distinctive signature of <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>. The new 163 series is one of our most ambitious projects and a perfect example of what we can offer to our clients,” commented <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin Yachts</a>’ CEO, İsmail Şengün.<img src="https://photo-assets.superyachttimes.com/photo/262968/image/large-68f292e4e9ece62a68d5574594ba7395.jpg" data-gid="gid://syiq/Photo/262968">Eternal Spark can comfortably accommodate up to 12 guests across six staterooms with a balanced harmony created in the living areas, thanks to her natural colours, large windows and high-gloss materials.Read: <a data-gid="gid://syiq/Article/56490" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin 163: A first look at the interiors of the second 50m superyacht (2022-12-02 10:30:00 +0100)">Bilgin 163: A first look at the interiors of the second 50m superyacht<img src="https://photo-assets.superyachttimes.com/photo/262969/image/large-32ae019d191f1bfa93eb2db356eb2a88.jpg" data-gid="gid://syiq/Photo/262969"></a>Some of the standout interior features of the <a data-gid="gid://syiq/Company/1414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bilgin Yachts (Company)">Bilgin</a> 163 yacht include the full-height round glass wall that separates the lobby from the main living room, her floating staircase, the skylight on the sundeck floor and a luxurious chandelier in the main lobby.“Bilgin 163 follows the studio’s new philosophy ‘Architecture for Voyagers’ and focuses on the cleanliness of architectural volumes, and a renewed sense for a softness of lines. A plastic minimalism, sober, but rich in details,” added Enrico Lumini, Partner and Head of Design at <a data-gid="gid://syiq/Company/908" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hot Lab (Company)">Hot Lab</a>.<img src="https://photo-assets.superyachttimes.com/photo/262966/image/large-37b0b45a9911c628d3a7693b9feef027.jpg" data-gid="gid://syiq/Photo/262966">Eternal Spark is able to accommodate the needs of all her guests onboard with gymnasium equipment, a full indoor cinema, an outdoor cinema and a custom-built chase boat. Another particular highlight of Eternal Spark is her sunken-level beach club, the pinnacle of bespoke yacht design, incorporating a sauna, an ice fountain, and a lounge area with a wet bar.&nbsp;Eternal Spark has an expected delivery date of 2023 and will make her world debut at the <a data-gid="gid://syiq/Event/182" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2023">Monaco Yacht Show</a>.

50m Bilgin 163 yacht Eternal Spark sold

Bilgin Yachts has announced the sale of the 50m Bilgin 163 yacht Eternal Spark. She has an expected delivery date of 2023.

50m Bilgin superyacht Eternal Spark sold and on schedule for 2023 delivery

Delivered in 2002 from France, the 31.7-metre <a data-gid="gid://syiq/Company/416" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocea (Company)">Ocea</a> <a href="https://www.superyachttimes.com/yachts/espiritu-santo/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht Espiritu Santo for sale</a> has entered the market in great condition. She was originally built for a highly experienced owner and has been well maintained over the years.<img src="https://photo-assets.superyachttimes.com/photo/176465/image/large-b9548812bfa5c05fbfbe5b7e719919bc.jpg" data-gid="gid://syiq/Photo/176465"><a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> was designed by the renowned and highly regarded <a data-gid="gid://syiq/Company/417" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Joubert Nivelt Design (Company)">Joubert-Nivelt</a> who penned her exterior design, while <a data-gid="gid://syiq/Company/973" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Flahault Design & Associes (Company)">Olivier Flahault</a> took care of her interior design. The aluminium <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> is a proven transatlantic cruiser with multiple voyages completed in Alaska.<img src="https://photo-assets.superyachttimes.com/photo/262845/image/large-1342f9c97d9d6a5508b8ead4658bb24d.png" data-gid="gid://syiq/Photo/262845"><img src="https://photo-assets.superyachttimes.com/photo/262844/image/large-07e48f2c967c1840cc50e8f27a7f6ae3.png" data-gid="gid://syiq/Photo/262844"><img src="https://photo-assets.superyachttimes.com/photo/262846/image/large-ed01851ae07f45d2ccbc6320f1f8bbec.png" data-gid="gid://syiq/Photo/262846">The 210 GT <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features a classical interior design with an abundance of wood and a natural colour palette. Her spacious main saloon leads to her dining room with a large table and seating for up to eight guests for formal meals.<img src="https://photo-assets.superyachttimes.com/photo/262850/image/large-6da26272175bb296f8143dfa8832af7c.png" data-gid="gid://syiq/Photo/262850"><img src="https://photo-assets.superyachttimes.com/photo/262851/image/large-09be86fa37d2e47623273a5392d4ce84.png" data-gid="gid://syiq/Photo/262851"><img src="https://photo-assets.superyachttimes.com/photo/262848/image/large-c711e36895a691f8c63dd07e5a951008.png" data-gid="gid://syiq/Photo/262848"><a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> can comfortably accommodate up to eight guests across four sumptuous staterooms, consisting of a full-beam master suite on the main deck with a king-sized bed, desk area and his-and-hers ensuite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/262858/image/large-e1178186f1df4a23f2f685633f396ac3.png" data-gid="gid://syiq/Photo/262858"><img src="https://photo-assets.superyachttimes.com/photo/262859/image/large-9f7f75f80d05f3b74721d9caf4cca9b4.png" data-gid="gid://syiq/Photo/262859"><img src="https://photo-assets.superyachttimes.com/photo/262857/image/large-3433fbab6b75e901536b3956d5ff5481.png" data-gid="gid://syiq/Photo/262857">The remaining staterooms of the <a href="https://www.superyachttimes.com/yachts/ocea/for-sale" rel="noopener noreferrer" target="_blank" title="">Ocea yacht for sale</a> include a VIP, a double and a twin stateroom, all with ensuite bathrooms. <a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> is also able to sleep a crew of four across two cabins.The main saloon of <a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> flows outside to the aft deck and has adjustable tables for alfresco dining or enjoying cocktail hour. A forward deck has benches for sitting in the sun with a view over the bow of the yacht.<img src="https://photo-assets.superyachttimes.com/photo/262853/image/large-b59b11149f602ceaffa63716b4f85557.png" data-gid="gid://syiq/Photo/262853"><img src="https://photo-assets.superyachttimes.com/photo/262854/image/large-1eb8328a2ae9119c0250a4f7987ee8db.png" data-gid="gid://syiq/Photo/262854">Above the main saloon of <a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> is the pilothouse, with comfortable seating arrangements for guests to enjoy. She also has a small skylounge and a bridge deck to the aft, as well as another alfresco dining area. <img src="https://photo-assets.superyachttimes.com/photo/262843/image/large-057d3265a9d9e35dea0cba3df056cd88.png" data-gid="gid://syiq/Photo/262843"><img src="https://photo-assets.superyachttimes.com/photo/262842/image/large-82c868e06c8fa4cd6162095705e80641.png" data-gid="gid://syiq/Photo/262842"><a data-gid="gid://syiq/Yacht/1539" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espiritu Santo31.7m (104'0&quot;)Ocea2002">Espiritu Santo</a> is equipped with dual <a data-gid="gid://syiq/Company/1883" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baudouin (Company)">Baudouin</a> engines which propel her to a cruising speed of 10 knots and a top speed of 13 knots.<img src="https://photo-assets.superyachttimes.com/photo/262836/image/large-243077c4b00480da0856e1adefa5931e.png" data-gid="gid://syiq/Photo/262836">

Ocea’s 32m yacht Espiritu Santo for sale

Ocea’s 32m yacht Espiritu Santo for sale was delivered in 2002 from France and has been well maintained over the years.

32m Ocea motor yacht Espiritu Santo for sale

With an unrelenting focus on quality, craftsmanship and innovation, <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> has created some of the most impressive superyachts in the world. Delivered in 2011 as Ice Angel, from the Netherlands-based powerhouse, <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> underwent a refit in 2021 and now boasts a highly desirable and indulgently luxurious interior. <img src="https://photo-assets.superyachttimes.com/photo/9794/image/large-acaa7aeb536e285d109938ac803a6123.jpg" data-gid="gid://syiq/Photo/9794">Measuring in at an impressive 49.8-metres, <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> forms part of <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>’s successful 5000 Semi-Displacement series. She features exterior design by <a data-gid="gid://syiq/Company/55" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Omega Architects (Company)">Omega Architects</a> with sophisticated naval architecture by <a data-gid="gid://syiq/Company/460" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Van Oossanen Naval Architects (Company)">Van Oossanen Naval Architects</a>, combined with <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a>’s weight reduction expertise.<img src="https://photo-assets.superyachttimes.com/photo/262264/image/large-3b95f8ad824152fef1042cca51ccb65a.jpg" data-gid="gid://syiq/Photo/262264"><img src="https://photo-assets.superyachttimes.com/photo/262267/image/large-ecdfd446377ff521d7e2bae38fac7143.jpg" data-gid="gid://syiq/Photo/262267"><a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> features interior design from <a data-gid="gid://syiq/Company/205" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cristiano Gatto Design (Company)">Cristiano Gatto Design</a> and <a data-gid="gid://syiq/Company/2384" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Domus Nova (Company)">Domusnova</a> and is characterised by dark leathers and contrasting woods, with bright and colourful accents. She is adorned with luxury products including Lalique figurines, Pinetti accessories, and Hermès tableware. <img src="https://photo-assets.superyachttimes.com/photo/262269/image/large-0215b76b42722d7da42564e5c91dfc01.jpg" data-gid="gid://syiq/Photo/262269">The <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> superyacht benefits from a circular lounge on her bridge deck which offers guests 270-degree views across the horizon. <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> also has a large television screen and a sumptuous half-moon sofa, perfect for movie nights.<img src="https://photo-assets.superyachttimes.com/photo/262268/image/large-968ecf1e0c4005476d316846379819fc.jpg" data-gid="gid://syiq/Photo/262268">Every inch of <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a>’s 514 GT interior space has been utilised by her designers. Her decks are connected by a unique staircase that mimics the waves she travels upon and also doubles as eye-catching sculpture. <img src="https://photo-assets.superyachttimes.com/photo/262270/image/large-8ea5b02bf234b9bd83fe9da818279ce4.jpg" data-gid="gid://syiq/Photo/262270"><img src="https://photo-assets.superyachttimes.com/photo/262272/image/large-bb9b4718518917f78279a6fa25b8cbbd.jpg" data-gid="gid://syiq/Photo/262272"><img src="https://photo-assets.superyachttimes.com/photo/262271/image/large-e4d0b4440dac4c1c2d5c5a53865c5f99.jpg" data-gid="gid://syiq/Photo/262271"><a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> has a six stateroom configuration for up to 12 guests with her full-beam master suite located on the main deck. The suite features a king-size bed, walk-in wardrobe, study and seating area, as well as a his-and-hers en suite bathroom. <img src="https://photo-assets.superyachttimes.com/photo/262274/image/large-8669bddf28d0c3e9b1f0e9b7803aa679.jpg" data-gid="gid://syiq/Photo/262274"><img src="https://photo-assets.superyachttimes.com/photo/262277/image/large-161d1b635e5a6f66a6dca4a8211db345.jpg" data-gid="gid://syiq/Photo/262277"><img src="https://photo-assets.superyachttimes.com/photo/262280/image/large-b1c6ca1803219e6d339caaf4b8ae42c3.jpg" data-gid="gid://syiq/Photo/262280">The remaining guest staterooms are located on the lower deck and are configured as a full-beam VIP suite, two doubles and two twins. <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> is also able to carry a crew of 10 across six cabins. <img src="https://photo-assets.superyachttimes.com/photo/262177/image/large-ec5c79ff1f9808563d26641b8f4bc59f.jpg" data-gid="gid://syiq/Photo/262177"><img src="https://photo-assets.superyachttimes.com/photo/262282/image/large-f3c38fa7109e5632a075957678bc2411.jpg" data-gid="gid://syiq/Photo/262282">The sun deck of <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> is designed with entertainment and relaxation in mind. She is equipped with a Jacuzzi surrounded by sunpads, a wet bar and an alfresco dining area. <a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> also has a stylish exterior lounge to aft on the main deck, and cushioned sun pads on the bow.<img src="https://photo-assets.superyachttimes.com/photo/262175/image/large-06c8e953e458311ea66fb173153b46b9.jpg" data-gid="gid://syiq/Photo/262175"><a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> is able to carry a seven metre tender and is also available for charter with the addition of a 10-metre chase boat. She is an accredited RYA water sports centre and her collection of water toys includes two Jet Skis, SeaBobs, water skis, a wakeboard and various towable inflatables. There are also three bikes for exploring on shore.<img src="https://photo-assets.superyachttimes.com/photo/96125/image/large-77c4708f82f5ea4267b11f204bda22f9.jpg" data-gid="gid://syiq/Photo/96125"><a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> boasts a shallow draft which allows her access to a wide variety of anchorages. She is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines that provide her with a top speed of 23 knots and a range of 3,200 nautical miles at her 11 knot cruising speed.<a data-gid="gid://syiq/Yacht/3072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rocket49.8m (163'5&quot;)Heesen Yachts2011">Rocket</a> is currently available for charter with <a data-gid="gid://syiq/Company/2220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hill Robinson (Company)">Hill Robinson</a>.

Onboard Heesen's 50m yacht Rocket

The 50m Heesen superyacht Rocket is currently available for charter with Hill Robinson, offering accommodation for up to 12 guests.

Onboard Heesen’s 50m superyacht Rocket

<a data-gid="gid://syiq/Company/1102" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Allied Marine (Company)">Allied Marine</a> has announced the sale of a brand-new <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 8X yacht by broker Amilcar Martin. The 25.55-metre carbon-fibre motor yacht is characterised by her lightweight design with fast performance results.<img src="https://photo-assets.superyachttimes.com/photo/62033/image/large-7b17babaf9289784ce67df9c152fd06a.jpg" data-gid="gid://syiq/Photo/62033">The <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 8X yacht has been designed in full by <a data-gid="gid://syiq/Company/585" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fulvio De Simoni Yacht Design (Company)">Fulvio De Simoni Yacht Design</a> which were responsible for her interior and exterior design, as well as her naval architecture. <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> describes the model as a "true evolution" of the slightly smaller 24.98-metre <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 82 and explains that it features "lines that are even sleeker and sportier".Read:&nbsp;<a data-gid="gid://syiq/Article/49510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group unveils Pershing 8X (2019-01-25 11:00:00 +0100)">Ferretti Group unveils Pershing 8X<img src="https://photo-assets.superyachttimes.com/photo/62049/image/large-f4b01d89871e6a81a598b4e9b46f3a10.jpg" data-gid="gid://syiq/Photo/62049"><img src="https://photo-assets.superyachttimes.com/photo/62048/image/large-453867bbdcd1b5968de5b2afdf279c07.jpg" data-gid="gid://syiq/Photo/62048"></a><img src="https://photo-assets.superyachttimes.com/photo/62054/image/large-f0508444cbcbcb07eebb0ff645487a67.jpg" data-gid="gid://syiq/Photo/62054"><img src="https://photo-assets.superyachttimes.com/photo/62056/image/large-9ce42cde26abeaf4111467d14b655857.jpg" data-gid="gid://syiq/Photo/62056">The <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 8X yacht can accommodate up to eight guests in four staterooms on the lower deck. These comprise a full-beam master suite with a walk-in closet and bathroom, a VIP stateroom on the foredeck with a dedicated port-side bathroom, and two double guest staterooms.<img src="https://photo-assets.superyachttimes.com/photo/62050/image/large-9798da21731fac017ee8d444a4031086.jpg" data-gid="gid://syiq/Photo/62050"><img src="https://photo-assets.superyachttimes.com/photo/62051/image/large-b9fec5f166ac07e62a1c3a6f337aea3d.jpg" data-gid="gid://syiq/Photo/62051"><img src="https://photo-assets.superyachttimes.com/photo/62047/image/large-8748b9093dd029fe454e588be804eac4.jpg" data-gid="gid://syiq/Photo/62047">In terms of performance, the <a data-gid="gid://syiq/Company/584" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Pershing S.p.a. (Company)">Pershing</a> 8X is powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> 16V 2000 M96 2,435 horsepower engines which take her to a top speed of 45 knots and a cruising speed of 38 knots.<img src="https://photo-assets.superyachttimes.com/photo/62043/image/large-7e7326838489024138d80a1115dc3bd6.jpg" data-gid="gid://syiq/Photo/62043">

25m Pershing 8X yacht sold

Allied Marine has announced the sale of a brand-new Pershing 8X yacht.

Brand-new 25m Pershing 8X yacht sold

<a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Jay Aberdoni</a> has unveiled the renderings for his 57-metre superyacht concept Starwave. The Spain-based designer describes the new yacht as “effortless with a hint of classical elegance” and boasts uncompromised living spaces.<img src="https://photo-assets.superyachttimes.com/photo/262924/image/large-c7b5821a05610bc41d46d2480c0386b2.jpg" data-gid="gid://syiq/Photo/262924">Starwave features a minimalist streamlined design with a fully enclosed stern and low bulwarks. <a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Jay Aberdoni</a> is no stranger to the world of yacht design and released three concepts last year ranging from 72 to 83-metres.Read:&nbsp;<a data-gid="gid://syiq/Article/55933" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Prelude: The 80m New York penthouse inspired superyacht concept by Jay Aberdoni (2022-09-20 10:00:00 +0200)">Prelude: The 80m New York penthouse inspired superyacht concept by Jay Aberdoni <img src="https://photo-assets.superyachttimes.com/photo/262928/image/large-5833fa218f043eea99c7e48e00bbdb8f.jpg" data-gid="gid://syiq/Photo/262928"></a>Starwave has been designed as part of a range of contemporary yachts and has a smaller sister of 38-metres. She is characterised by geometrical shapes and flowing lines that <a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Jay Aberdoni</a> describes as “portraying serenity on the outside.”Starwave benefits from floor-to-ceiling windows that flood her interior with plenty of natural light. She also bridges the gap between indoor and outdoor spaces with glass railings that give the illusion she is connected with the horizon.Read:&nbsp;<a data-gid="gid://syiq/Article/55405" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive first look at the 83m superyacht concept Dust by Jay Aberdoni (2022-06-23 10:00:00 +0200)">Exclusive first look at the 83m superyacht concept Dust by Jay Aberdoni<img src="https://photo-assets.superyachttimes.com/photo/262933/image/large-cab2ff6944b989a601f98f38dcebda41.jpg" data-gid="gid://syiq/Photo/262933"></a>“To me, Starwave represents the definition of timelessness. A yacht that is back to the basics, minimalistic and not at all overdesigned,” explained <a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Jay Aberdoni</a>. Her interior mirrors this aesthetic with clean and contemporary furnishings and a neutral colour palette.<img src="https://photo-assets.superyachttimes.com/photo/262926/image/large-ae172becb61275a19a23892b99e27e10.jpg" data-gid="gid://syiq/Photo/262926">Starwave can comfortably accommodate up to 10 guests in 5 staterooms, with a spacious owner’s suite acting as an oasis for relaxation. She is also able to house a 10-metre limousine tender, as well as some Jet Skis.Read:&nbsp;<a data-gid="gid://syiq/Article/54750" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Posterity: The 72m ground-breaking new concept from Jay Aberdoni (2022-03-11 10:45:00 +0100)">Posterity: The 72m ground-breaking new concept from Jay Aberdoni<img src="https://photo-assets.superyachttimes.com/photo/262929/image/large-15733adb795bc2060e2b2508d10667e0.jpg" data-gid="gid://syiq/Photo/262929"></a>The outdoor areas of Starwave have been adapted to offer the highest quality of luxury for those onboard. By covering the mooring equipment, <a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Jay Aberdoni</a> has provided a larger space for guests to enjoy. Lounge sofas, a large pool and sunbeds also provide the perfect opportunity to relax, while being protected from the wind with the high glass rails.<img src="https://photo-assets.superyachttimes.com/photo/262932/image/large-5f42b0afc1ef5b4cd4b5c63afc1aef5e.jpg" data-gid="gid://syiq/Photo/262932"><img src="https://photo-assets.superyachttimes.com/photo/262930/image/large-1f220d3eacb07bb9f67a04604fdff476.jpg" data-gid="gid://syiq/Photo/262930">The beach club of Starwave provides direct access to the ocean and is also used as a health club with the addition of gym equipment and a sauna.<img src="https://photo-assets.superyachttimes.com/photo/262927/image/large-eda25079389622d5020d5b0a489c92ed.jpg" data-gid="gid://syiq/Photo/262927">Like all of<a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Jay Aberdoni</a>’s designs, Starwave proudly displays a pirate flag at her stern, a key characteristic that defines a yacht designed by <a data-gid="gid://syiq/Company/6653" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jay Aberdoni Yacht Design (Company)">Aberdoni</a>. “I adopted it a long time ago as a subtle signature that is always present in my work! That will always be one way to know a yacht is designed by me!”<img src="https://photo-assets.superyachttimes.com/photo/262925/image/large-18f87b266b87d073ec2dc8144156cf2d.jpg" data-gid="gid://syiq/Photo/262925">

57m Jay Aberdoni yacht concept Starwave

Jay Aberdoni has unveiled the renderings for his 57m superyacht concept Starwave. 

Introducing Starwave: The 57m superyacht concept from Jay Aberdoni

German builder <a data-gid="gid://syiq/Company/5961" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alva Yachts (Company)">ALVA Yachts</a> has unveiled the first renderings for a new 23.7-metre Ocean Eco 78 multihull yacht. The advanced electric yacht will join the shipyard’s growing fleet, which includes the flagship 27.5-metre Ocean Eco 90.<img src="https://photo-assets.superyachttimes.com/photo/262793/image/large-ef2c87a0179b87414e8e15bf59833033.png" data-gid="gid://syiq/Photo/262793">Designed with luxury and performance in mind, the Ocean Eco 78 catamaran boasts the latest technology developments with integrated solar panels and a fully-electric drive. Her solar panels take energy from the sun and store it in the battery packs that power the electric engines, giving her a transatlantic range and virtually unlimited autonomy.<img src="https://photo-assets.superyachttimes.com/photo/262794/image/large-67d6dc2d87ad8ea7ac122e41fda954a0.png" data-gid="gid://syiq/Photo/262794">“The new Ocean Eco 78 was created as the perfect addition to our existing range, and sits between the Ocean Eco 60 and 90 models providing owners with a generous increase in size from the 60 but removing the need for crew on the 90. This new model offers everything the 60 does but on a larger scale.”<img src="https://photo-assets.superyachttimes.com/photo/262790/image/large-c904cccc0f2d6e2f1891fd6c737c006c.png" data-gid="gid://syiq/Photo/262790">The Ocean Eco 78 features a penthouse-style saloon and benefits from a generous master suite, complete with ensuite and separate walk-in wardrobe on the lower deck. Her remaining accommodation consists of two double staterooms and a twin, all with ensuite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/262795/image/large-d31642d6f9767ec37b694e4c9f584d44.png" data-gid="gid://syiq/Photo/262795">As with all <a data-gid="gid://syiq/Company/5961" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alva Yachts (Company)">ALVA</a> models, the owner can choose one of five different moods for the interior of their yacht; Mountain, Forest, Desert, Dune, and Sea. These choices determine the colours, fabrics and materials that will be used onboard.<img src="https://photo-assets.superyachttimes.com/photo/262792/image/large-54d443395e3295ec4504582d3da424bd.png" data-gid="gid://syiq/Photo/262792">The lower deck of the Ocean Eco 78 is complete with twin drop down terraces providing sunbathing options on both sides of the yacht. The fore deck provides another social space with two separate seating arrangements plus oversized sunbeds, complete with ample storage.<img src="https://photo-assets.superyachttimes.com/photo/262791/image/large-a4811e6d3aa7bcbf757f3e023d8d4657.png" data-gid="gid://syiq/Photo/262791">The full-electric variant of the Ocean Eco 78 yacht is equipped with twin 217 kilowatt electric motors connected to a battery pack which is powered by the sun and generators.Just like the other models in the <a data-gid="gid://syiq/Company/5961" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alva Yachts (Company)">ALVA</a> range, the 78 is designed for adventures and as a true ocean-going cruising yacht. <a data-gid="gid://syiq/Company/5961" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alva Yachts (Company)">ALVA Yachts</a> currently has two <a data-gid="gid://syiq/Article/52233" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alva Yachts building eco-friendly Ocean Eco 90 Explorer yacht (2021-01-05 13:45:00 +0100)">Ocean Eco 90 yachts in build</a> following the <a data-gid="gid://syiq/Article/56432" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Second 28m ALVA Ocean Eco 90 Open multihull yacht sold (2022-11-23 13:15:00 +0100)">sale of the second hull in November 2022</a>.

ALVA Yachts presents 24m Ocean Eco 78 yacht

ALVA Yachts has unveiled the first renderings for a new 23.7-metre Ocean Eco 78 multihull yacht.

ALVA Yachts presents new 24m Ocean Eco 78 electric yacht

Construction of the fifth Moonen Martinique (YN203) is well underway with the hull and superstructure now securely joined. <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen Yachts</a> expects to complete and deliver her next year. <img src="https://photo-assets.superyachttimes.com/photo/262684/image/large-26e337acc1d75a497dba6a82800b961e.jpg" data-gid="gid://syiq/Photo/262684">The 37.8-metre series design by <a data-gid="gid://syiq/Company/241" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="René van der Velden Yacht Design (Company)">René van der Velden Yacht Design</a>, with naval architecture by <a data-gid="gid://syiq/Company/7" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Diana Yacht Design B.V. (Company)">Diana Yacht Design</a>, has continually evolved with new features. This latest unit is the largest of the series, benefitting from not only an extended sun deck, but an additional 1.5-metres added to her swim platform. To ensure a smooth entry into the water for scuba diving and other activities, YN203 has been equipped with a fully integrated hydraulic swim platform, the “seascape”. <img src="https://photo-assets.superyachttimes.com/photo/262687/image/large-fbefb99e6e4feccbab6300e94c00aab2.jpg" data-gid="gid://syiq/Photo/262687">London-based <a data-gid="gid://syiq/Company/4664" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Indigo (Company)">Studio Indigo</a> has designed her interior and as the owners have joined the project early, they’ll be heavily involved in the whole design process. The 345 GT Moonen Martinique offers accommodation for 12 guests and seven crew. <img src="https://photo-assets.superyachttimes.com/photo/262685/image/large-b28c15a57191bb91f5c3b0ff5b4ecc54.jpg" data-gid="gid://syiq/Photo/262685">“As a Real Estate Developer I am acutely aware of the time delays and cost escalations being experienced as a direct result of Covid, the Ukraine war and other economic factors. It is highly commendable that <a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen</a> and <a data-gid="gid://syiq/Company/4664" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Indigo (Company)">Studio Indigo</a> have been able to deliver our new yacht without any of the before-mentioned negative time or cost implications in this very difficult operating environment,” her owner commented.<img src="https://photo-assets.superyachttimes.com/photo/262688/image/large-924c7a9fdd12e1439110535389cad0b7.jpg" data-gid="gid://syiq/Photo/262688"><img src="https://photo-assets.superyachttimes.com/photo/262689/image/large-3e86317b88f50cb961b47006457e2a2c.jpg" data-gid="gid://syiq/Photo/262689">Equipped with twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, YN203 will have a range of 4,000 nautical miles at 10 knots. Her top speed will be 14.5 knots. <img src="https://photo-assets.superyachttimes.com/photo/262686/image/large-c980ec37d0a272f5f3e4017027aa9401.jpg" data-gid="gid://syiq/Photo/262686">Read:&nbsp;<a data-gid="gid://syiq/Article/57165" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fourth 38m Moonen Martinique motor yacht Cocoon delivered (2023-03-16 11:45:00 +0100)">Fourth 38m Moonen Martinique motor yacht Cocoon delivered</a><a data-gid="gid://syiq/Company/130" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moonen Yachts (Company)">Moonen Yachts</a> has two other yachts in-build: another Moonen Martinique scheduled for delivery next year, and the 34.04-metre Moonen 110 which will be launched at the end of the month. <img src="https://photo-assets.superyachttimes.com/photo/262690/image/large-8a48c9f200465df59cae3195ff0c3fba.jpg" data-gid="gid://syiq/Photo/262690">

Construction update for fifth 38m Moonen Martinique YN203 

Moonen Yachts joins the hull and superstructure of fifth Moonen Martinique (YN203). Delivery scheduled for 2024. 

Moonen Yachts joins hull and superstructure of fifth 38m Martinique YN203 

Turkey-based superyacht designer <a data-gid="gid://syiq/Company/2705" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aras Kazar Yacht Design (Company)">Aras Kazar&nbsp;</a>is disrupting the market with his new innovative and somewhat futuristic yacht designs. His newest concept is the 130-metre Wakíŋyaŋ, translating in Lakota to mean “thunder”. <img src="https://photo-assets.superyachttimes.com/photo/262893/image/large-70593dbaa6ff94c8c6c075449d884a45.jpg" data-gid="gid://syiq/Photo/262893">Described by the designer as a “floating bird on the water”, this expansive yacht concept exhibits the sleek lines and robotic style often employed by the distinctive design.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/262888/image/large-5a950e8d54dc5f542c4b446e94f681fa.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20230323%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20230323T085743Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=84f83a1db8374006e050929dd948b7bbe566946e8b3c35367ab9b073a9c07b47" data-gid="gid://syiq/Photo/262888">Equipped with an entire glass deck to provide panoramic views from all angles, this superyacht concept is a beacon of light, flooding the interior with natural daylight and allowing guests onboard to enjoy the night sky with almost 360-degree sight.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/262886/image/large-e27db10e6ff480499473aeb0fa057e1a.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20230323%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20230323T085742Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=88f0f13c34ae5f713cb141ba4935e7af09df49facf231bb4347b4392718a33d8" data-gid="gid://syiq/Photo/262886">With equal design assertion, the Wakíŋyaŋ yacht concept’s interior design showcases a juxtaposed style to that of the exterior. Soft-hued furnishings and airy and spacious formulations encourage guests to feel relaxed and calm onboard.<img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/262887/image/large-0d9d7cf4ae8cbaf0148eb55fd329eb5e.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20230323%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20230323T085742Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=10b7196e46b057c66d1911f07553d5a75329f85f6577f5b5321203b7457cb7c9" data-gid="gid://syiq/Photo/262887">The yacht concept is equipped with five staterooms and one master suite alongside comfortable cabins for the crew and captain. <img src="https://photo-assets.superyachttimes.com/photo/262894/image/large-4b7d41617b5428ca517d31c921d5287d.jpg" data-gid="gid://syiq/Photo/262894">Highlights of this <a data-gid="gid://syiq/Company/2705" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Aras Kazar Yacht Design (Company)">Aras Kazar</a> design include a tranquil swimming pool on the aft deck with a fully equipped spa. <img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/262892/image/large-4fb8a7eb2aef4ad3bde29ad027634bba.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20230323%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20230323T085742Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=d9e85cb8f16e7ce8300bf4af63de5655306384cd8939cfa51402488d15d736cb" data-gid="gid://syiq/Photo/262892">Performance-wise, the Wakinyan concept is equipped with all-electric and hydrofoil technology enabling her to reach a maximum speed of 32 knots.

130m Wakíŋyaŋ superyacht concept

Turkey-based superyacht designer Aras Kazar unveils renders for 130m Wakíŋyaŋ yacht concept known as “thunder”.

Aras Kazar unveils renders for 130m Wakíŋyaŋ superyacht concept

Much has been said about the remarkable recovery of the superyacht market from the depths of the COVID-19 pandemic in 2020. To refer to the current state of the market as a mere recovery actually does not do justice to its situation. At the time of writing (mid-September 2021) the superyacht sales market was positively booming and it looked like new yacht sales over 30 metres would exceed the 200 mark for the full year 2021. <img src="https://photo-assets.superyachttimes.com/photo/191444/image/large-7bcd74f2c377e7db1304a1e547c47eac.jpg" data-gid="gid://syiq/Photo/191444">Similarly, used yacht sales over 30 metres looked set to exceed 300 yachts by a significant margin. The United States market played a significant part in the impressive performance of the used yacht sales market, pushed in particular by that amazing yachting hub, Florida. But how did U.S. used yacht sales compare to the Mediterranean and the rest of the world? &nbsp;Let’s take a look.Putting sales on the map &nbsp;About two years ago, the Intelligence team behind our SYT iQ intelligence system started to focus on tracking the location for each used yacht sale. Since the start of 2020, we have full coverage. This allows us to examine how many yachts are sold in each country. In the following graph, we plotted used yachts sold over 30 metres in the U.S. against those sold elsewhere. By doing so, we are aiming to see if there are any seasonal differences and if it is really true that sales in the U.S. powered the market’s quick recovery from Covid-19. &nbsp;<span style="font-size:11pt;font-family:'Open Sans',sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre;white-space:pre-wrap;"><img src="https://lh6.googleusercontent.com/EgAp8Dku4Ct6PoU7T5jPZS8W547ckTNds2mk0WEChXIYAWIPrCq38VAjfmf97Yrq85khJbFl5_dzSLGWt1uV-sA6G-AP0RKzQELCUylS4uzIh6qELmYRNP6P6rOV8E_cbC99e6g1" width="624" height="351" style="margin-left:-5px;margin-top:0px;">Used yacht sales 30m+ by region and number of yachts Q1 2020 - Q3 2021 &nbsp;What the graph shows us is that in the first quarter of 2020, when Covid-19 had yet to reach its full impact, used yacht sales were spread quite evenly over the main yachting regions and the rest of the world. Then, in the second quarter, the US market recovered quicker than the Mediterranean market, which only really came back in force in the third quarter of 2020.<img src="https://photo-assets.superyachttimes.com/photo/197536/image/large-5cb56e87b11e68ef26c08677384b72d3.jpg" data-gid="gid://syiq/Photo/197536">However, during the European winter, which is Florida’s traditional strong season, sales in the US outpaced those in Southern Europe. In the second quarter of 2021, the run-up to the European Summer season, used yacht sales in the Med came out on top, and as of mid-September 2021, this remained the case. So, if we add up the numbers for the time period covered in the graph, the Mediterranean region actually comes out on top in terms of used yacht sales over 30 metres.Does the picture change if we shift our focus from numbers of yachts to their value or size? Not really. The ranking remains the same if we look at the total length of used yachts sold over 30 metres, as the average used yacht sold in the US measures about 38.3 metres over the measurement period, compared to 41.4 metres in the Med and 44 metres in the rest of the world. So the differences there are quite small and do not have an impact as the differences in numbers of yachts sold are bigger. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/171180/image/large-15594464978edf7445eef308a569e62f.jpg" data-gid="gid://syiq/Photo/171180">Finally, if we look at the total value of yachts sold (based on last known asking prices) the result is an even clearer ‘win’ for the Mediterranean region. &nbsp;Total value of used yachts sold 30m+ at known asking prices, Q1 2020 - Q3 2021&nbsp;&nbsp;<ul><li>Mediterranean &nbsp;€ 3.1 billion &nbsp;</li><li>United States &nbsp;€2.0 billion &nbsp;</li><li>Rest of the World &nbsp;€800 million &nbsp; </li></ul><img src="https://photo-assets.superyachttimes.com/photo/204188/image/large-fe965ea51de9738bbcfc46463287e3b1.png" data-gid="gid://syiq/Photo/204188">Does this result in any way diminish the achievements of the used yacht market in the United States since early 2020? Absolutely not, as the Mediterranean region is vast, while the overwhelming majority of used superyacht sales in the United States take place in just one state: Florida. &nbsp; This article was originally published in&nbsp;<a href="https://sya.superyachttimes.com/news/superyacht-times-newspaper-issue-39" target="_blank">Issue 39 of SuperYacht Times newspaper</a>. To read more stories like this one and to never again miss another issue of the SuperYacht Times newspaper, <a href="https://shop.superyachttimes.com/report/the-superyacht-times-subscription" target="_blank">subscribe here</a>.

The post-pandemic boom in superyacht sales

SYT’s Head of Intelligence Ralph Dazert tracks international superyacht sales in 2021.

Market: Who is driving the post-pandemic boom?  

Will bitcoin supersede more traditional payments methods in the near future? Is a question gurgling away at the back of a lot of industry leaders’ minds. How quickly it will gain traction, if at all, in the superyacht industry is another question.&nbsp;As rags-to-riches stories continue to circulate of those investing in cryptocurrency, skeptical interest remains relatively high. The narrative is pretty constant as digital traders flirt between coin to coin, reaping rewards or cashing out too early. The stories no longer have that semblance of a naughty little secret, or the undertones of being a passing fad. Cryptocurrencies are proving time and time again that they’re here to stay – and, perhaps, are the future. <img src="https://photo-assets.superyachttimes.com/photo/203386/image/large-008879dc2970c1ecf257e8564ab5a289.png" data-gid="gid://syiq/Photo/203386">This year has been one for the records with El Salvador declaring bitcoin as legal tender, sparking celebrations and outrage throughout the country, the reverberations of which have been felt around the world and shocked the exchange. We are on the cusp of another big motion too, as Mastercard has just announced that any one of its million users can start integrating cryptocurrency into their products very soon. This could potentially be huge and cause a cascade of new users. At the very least it may instill trust for some edging on the side of caution.The gunslinging days of the digital wild west have eclipsed and many safeguards have been put in place to ensure transactions are not only secure but, importantly, legal. Brokers and realtors are one such safeguard and conduct what is known as a KYC (Know Your Client), to ensure that a client has procured the cash for their property through legal channels. The burden of blame is heavy on the brokers’ shoulders, so every background check is thoroughly investigated. <img src="https://photo-assets.superyachttimes.com/photo/203384/image/large-9728c4b9d246a138790b2909efb72871.png" data-gid="gid://syiq/Photo/203384">In our industry, there has been a steady crypto-beat pulsing through &nbsp;brokerages for some time now. It’s gentle, but it’s definitely there. As of yet, most brokers haven’t got the infrastructure, or the willingness, to accept the currency; however, many are happy to facilitate wallet-to-wallet payments between seller and buyer when a yacht passes hands. The list is pretty extensive, in fact and includes some very special boats. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/203381/image/large-349ba76368acd87f9a06a74fb16e6e32.png" data-gid="gid://syiq/Photo/203381">The largest yacht to be available for purchase through cryptocurrency is <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN Spa (Company)">CRN</a>’s 72-metre <a data-gid="gid://syiq/Yacht/337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azteca72.0m (236'3&quot;)CRN Spa2010">Azteca</a>, which has become somewhat of a media sensation. It’s not surprising either, as <a data-gid="gid://syiq/Yacht/337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azteca72.0m (236'3&quot;)CRN Spa2010">Azteca</a> is a superyacht valued at over $70 million – when this sale is confirmed it will be a milestone event in both the marine sector and in the crypto community. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/206933/image/large-798516cd9b05364adad485e2ad709d51.jpg" data-gid="gid://syiq/Photo/206933">Cryptocurrency is rearing its head in the world of new builds too – well, gently surfacing could be more appropriate, so as not to sound too hyperbolic! The yacht in question is <a data-gid="gid://syiq/Company/119" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Horizon Yachts (Company)">Horizon Yachts</a>’ FD80 Skyline which pays tribute to her owner’s success and passion trading bitcoin. <a data-gid="gid://syiq/Yacht/11007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Parabolic24.54m (80'6&quot;)Horizon Yachts2021">Parabolic</a>, as she’s named, hasn’t been purchased using the currency, but is an ode to the multiple sale waves that the owner’s capitalised on. To really stamp his love of bitcoin, the emblem takes pride and place at the heart of her name, nestled between the “a” and “o” of <a data-gid="gid://syiq/Yacht/11007" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Parabolic24.54m (80'6&quot;)Horizon Yachts2021">Parabolic</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/206923/image/large-c7b8cf7a171af6cb5423997a51c521c4.jpg" data-gid="gid://syiq/Photo/206923">There is one brokerage that has had its finger firmly on this crypto-pulse though: <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>. <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> is a pioneer in the industry and has been accepting bitcoin as payment for seven years now. To date, <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> has sold 17 yachts through bitcoin and expects to bring this to a round figure of 20 sales before the year is through. This lineup includes several in the above 30-metre category, exceeding $10 million in value. <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison</a> also has eight bitcoin miners in-house, to further centralise its position within the crypto community.<img src="https://photo-assets.superyachttimes.com/photo/210670/image/large-a4ecddde47d5c68d605bd010a4321db8.jpg" data-gid="gid://syiq/Photo/210670">If we widen the lens and consider other luxury sectors, we can see a similar trend of dealerships tentatively welcoming cryptocurrency. Tilman Fertitta, a prominent leader in luxury auto sales, told CNBC earlier this year that his firm has sold 17 cars with bitcoin. The lineup of sales include those for Bentleys, Rolls Royces and Teslas. The latter of which has been wreaking havoc with crypto rates, as Elon Musk has announced, redacted and announced again plans to accept cryptocurrency directly for the sale of Teslas.By and large in the realms of real estate the trajectory is, again, much the same. This could change soon though as the digital infrastructure is not only fully capable to facilitate some big proposals in the pipeline, but is proving unparalleled in speed – both in terms of transfer and in establishing “smart contracts” that allow parties to secure all information without the intervention of third parties.&nbsp;Residents of Miami may soon start seeing the bitcoin emblem on their property tax bills, as the Mayor of the area has proposed a plan to allow people to pay property taxes or city fees with cryptocurrency. Forbes reported the story, and pegged the announcement to the $28 million sale of a Miami penthouse that was sold entirely in cryptocurrency – the most most expensive cryptocurrency real estate transaction in the US to date. Forbes asked a similar question: is crypto the future? <img src="https://photo-assets.superyachttimes.com/photo/178717/image/large-295390de6304c9730e6c213483f48429.png" data-gid="gid://syiq/Photo/178717">If we consider that 55.8 percent of the 2,604 billionaires in the world are self made – as reported by Wealth-X –, and that in today’s market the tech sectors are ripe for profiteering, then the answer is probably yes. The golden age of data and digital innovations has lined the pockets of many and provided opportunities for new skills to thrive and new faces to reap great capital rewards.A brief conversation with most yacht brokers will testify this too, as reports of anywhere up to 20 percent of sales are from new owners buying for the first time. Of course, it’s a jump to correlate a growing interest in yachting exclusively to new money, as this is certainly not the case. New money has just allowed more people access to the industry.&nbsp;So, are we heading for a crypto future? It seems we are on that track, and with the likes of Mastercard, El Salvador and some momentous bitcoin milestones, its incorporation is likely to go through a period of acceleration.&nbsp;

Superyacht brokerage and bitcoin

Will bitcoin supersede more traditional payments methods in the near future?

Superyacht brokerage & bitcoin: Is the trend here to stay? 

Germany

Based in Germany, Lürssen is the leading shipyard for large luxury yacht building.For four generations and since 1875, Lürssen has been cultivating the most refined skills and advanced technologies to create truly outstanding vessels. Their connection to shipbuilding is as deep-rooted and individual as only family bonds can be, the commitment is deep, the approach individual. When the company founder Friedrich Lürssen said, “Leading in quality and performance, that should be my company’s reputation,” he was expressing the values Lürssen continues to uphold to this day.The shipbuilding family can look back on a number of remarkable achievements. These include the world's first boat propelled by an internal combustion engine (1,5 hp) launched in 1886 as well as the world's largest motoryacht with 180 m and powered by 94.000 hp.A success story: from the modest producer of small working and racing boats to the leading producer of luxury yachts and high-quality specialized ships. From then to now, around 13,000 ships have left the docks of Lürssen. Each one a true original and a magnificent specimen of its type.Lürssen yachts are as individual as their owners – from experienced yachtsmen to newcomers, from 60 meters to more than 180 meters in length. The yachts developed by Lürssen hand-in-hand with the customers and the world’s finest yacht designers, span the full spectrum – graceful, bold, poetic, imposing, classic, innovative. Yet as diverse as these individual projects are, they all share one quality: they are shaped by the Lürssen family’s deep knowledge of - and commitment to - custom yacht building.Today, 29 of the Top 100 yachts in the world have been built by Lürssen (9 of the Top 20). The founder's dream to become one of the leading shipbuilders is still present in the spirit of Lürssen and all the people who work there.Lürssen is more than a shipbuilding company - Lürssen is a shipbuilding family.

Lurssen Lemwerder shipyard

Lürssen Yachts

Naval architecture shipyard

Shipyards: New Building

Shipyards: Refit

Blohm & Voss GmbH

Italy

CRN is the Italian shipbuilder specialising in the design and construction of fully custom aluminium and steel/aluminium superyachts up to 90 metres, working with the owners’ vision.&nbsp; Founded in 1963 in Ancona, Italy, the shipyard has always created bespoke superyachts of &nbsp;immeasurable breakthrough and peerless beauty. Its cutting-edge solutions set the standard for functional innovation, representing Italian manufacturing at its finest. With sixty years of success behind it, CRN’s is a compelling story of remarkable ideas, inspiring challenges and iconic achievements that have made it the outstanding brand it remains today. Every yacht is unique, first and foremost an individual masterpiece before being part of the CRN fleet: starting from a blank sheet &nbsp;for an exclusive design and consctruction journey experience tailored for the owners. &nbsp; CRN designs and builds CRN vessels conceived by talented, imaginative owners, creating exclusive works of unmistakable style and features. It’s the idea behind each yacht that makes her as special and distinctive as her owner. Starting from a blank sheet, listening to and shaping the client’s desires, &nbsp;CRN develops innovative concept designs that transform the owner’s vision into a breathtaking pure custom superyacht through a winning blend of passion and expertise, flexibility and creativity, dependability and total commitment. &nbsp; The bespoke megayacht concept is infused with new meaning, embracing and reflecting the client’s wishes and designs in a genuinely creative process. Every aspect of every yacht is crafted inch by &nbsp;inch, with an immaculate eye for beauty and the sublime, taking care of the subtlest details. The CRN project management group of each CRN yacht works closely with the client’s project management team. CRN assures the owner this freedom of expression, empowering them to become the true author of their own masterpiece. &nbsp; Each CRN megayacht is the result of elite R&amp;amp;D, cutting-edge technology and masterly construction skill. The outcomes are evident for all, findable in the fine quality and excellent amenity, the optimised efficiency and supreme stylistic effect, all engineered to perfection. Every new project is a challenge &nbsp;to dream up fresh solutions, to anticipate trends, to devise new designs. CRN is a pioneer of a panoply of functional solutions and aesthetic innovations – instant classics that continue to raise the &nbsp;bar throughout the yachting world. &nbsp; CRN’s many assets include the advanced Ferretti Group Superyacht Yard in Ancona, Italy. Spanning almost 80,000 sqm (around 33,000 of which indoors), the Ancona construction hub builds pleasure vessels of up to 90 metres in length. This multi-brand facility is the centre of excellence for designing and building metal megayachts and superyachts for CRN, Riva Superyachts Division, Pershing andCUSTOM LINE brands and composite yachts for the rest of CUSTOM LINE range: all icons of craftsmanship, design innovation and advanced technology. &nbsp;The stretch of water that opens out in front is a unique space and a precious resource, a gateway to the Adriatic Sea, a strategic access door to the rest of Europe, Midlde East and to the Mediterrean &nbsp;Sea, that offers the highest yachting standards, exceptional amenities &amp;amp; services. Ferretti Group Superyacht yard marina is a private tourist marina to full effect. Extending 250 metres along the coast, &nbsp;it provides large berths for fitting out and finishing up to 15 superyachts at once.The yard vaunts a &nbsp;670-ton travel lift for launching metal and composite pleasure ships of up to 50 metres, which is also used to haul out vessels for testing. The facilities include 9 modern high-tech sheds, all fully heated, &nbsp;air-conditioned and comprehensively equipped. They feature state-of-the-art air-extraction, compressed-air and centralised technical-gas systems, heating and power-generation systems, and 2 overhead cranes for handling and installing materials on board. The sheds can accommodate up to 24 superyachts under construction at the same time. &nbsp; The CRN fleet currently boasts more than 400 vessels in the water, including military and commercial ships, fishing boats, ferries as well as luxury superyachts and yachts, built together with the historical &nbsp;Mario Morini shipyard, merged in 2002 by CRN, a shipyard with a strong competence in metal naval &nbsp;construction, with outstanding workers, craftsmen and skilled employees. &nbsp; Creativity, passion, culture, research and uniqueness are the steps that explore the process of creating a pure custom superyacht. Quality is highlighted in every aspect from raw materials to people, from heritage and history to a fine attention to detail, and from consummate craftsmanship, workers and all employees to in-depth know-how. Recognised for its innovative naval architecture and advanced engineering solutions, CRN creates yachts with a vibrant identity and a strong sense of &nbsp;style, with an enviable range of performance.&nbsp; A global beacon of excellence in Italian shipbuilding, CRN celebrate in 2023 an important anniversary: for sixty years this historic shipbuilder has been creating unique and distinctive projects, perfect synthesis of the superlative bespoke, craftsmanship and excellence in design and building, conceived &nbsp;by their owner’s vision through the expertise of its own hands.