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The benefits of buying new-build yachts with IYC

New-Build Business
Written by
Georgia Tindale

For potential superyacht owners, the question of whether to purchase a new-build or brokerage yacht is a vital one. On the one hand, they must consider the increased build and delivery time of a new build vessel compared to a used yacht, and, on the other, the option to customise the vessel to make it exactly as you desire through the new build process is an appealing one. 

However, when you take into account the option of buying a new-build vessel already under construction - therefore drastically reducing the build and delivery time - the advantages of buying new-build are clear. For a start, going for a new-build project enables you to take advantage of the latest technology and tailor your superyacht precisely to your tastes. If you are looking to charter, choosing the new-build option will play in your favour as the newest boats are in the highest demand on the charter market. ICON Yachts 280 under constructionPhoto: Francisco MartinezTo gain expert insights into this question, we speak to the Managing Partners of IYC Monaco, Mathilde de Roffignac and Kevin Bonnie and find out more about the pros of buying new-build and the process behind it. 

For potential owners, the idea of building a new build yacht doesn’t need to be a daunting one. IYC is one of the world’s largest international yachting companies operating in 13 locations worldwide with specialised representatives to accompany and guide the owner and their team through the entire new-build process. We find out more from Kevin and Mathilde about how they support concept definition, shipyard selection, negotiations and technical specifications, contracting, build management, delivery and post-delivery. 

What would you say is the main advantage of buying new-build? 

Mathilde de Roffignac: You can adapt very well to owners’ specific needs by building new. For example, if you have a client who is looking to explore cold destinations, then your typical charter Med boat with a lot of exterior space is not what you need, as you need covered spaces and extra space for your toys. 

There is also a trend for owners that are looking for off-track navigations and there you really want to have a perfect boat to do so. You don’t want to make an existing boat try to adapt to your programme.  There are often specific requirements which come from certain navigation programmes, and these can be best met through new-build. 

What is your opinion on the new-build market from 2018?

Kevin Bonnie: The new-build market is extremely strong at the moment, with the majority of pedigree shipyards nearing their full capacity.

Mathilde de Roffignac: The new-build market is very busy at the moment with a lot of shipyards with strong order books. They are very busy after a down period following the crash, as it took some time to recover. The brokerage market reduced and it’s only natural for the new-build market to catch up once you have less on offer on the brokerage market. Owners are looking for their perfect boat so if the supplier is not there, you need to turn to new-build. ICON Yachts 280 exterior renderingPhoto: ICON YachtsWhat about the potential issue of the increased delivery time for owners when they decide to go for a new-build boat over a used boat? 

Kevin Bonnie: One constant that never changes over time is that clients are not willing to wait for 3-4 years for a new yacht. With several pedigree shipyards at capacity, the opportunity to purchase a yacht that is already under construction will become increasingly scarce but will always remain appealing.

Mathilde de Roffignac: These half-built projects are very interesting. You have less of a wait because you have an existing hull and superstructure; you already have a spec, a good base and you can win a year and a half in the build programmes, so you're gaining on the engineering and development of the project. A new-build owner will often be an experienced owner who has a very clear idea of what he or she wants, or is experienced due to charter experience. Of course, you do need to be somewhat patient, especially with busy shipyards, but it’s just more about maturing your needs and being very precise with what you want so that you’re ready for a new-build.ICON Yachts 280 under constructionPhoto: Francisco MartinezFinally, what is unique about IYC in terms of your expertise on the new-build market?

Kevin Bonnie: Each new-build project requires a specialised team based on the clients’ demands, and this is what we can provide at IYC: the ideal team to match the clients’ needs. 

Mathilde de Roffignac: At IYC, we have the combined experience within the team including both our yacht managers, as well as the team that has been on board yachts actually operating boats with captains. Thanks to our technical expertise, we can help the buyer get the right specification in the first place, ensure that they have good longevity with the boat and efficient operation, and, of course, we make sure that buyers enter into a contract with a shipyard in the best possible conditions for them. In short, we have the right network and specialists to follow the whole new-build construction process and guide our owners through it at every stage. 

What are some of the new-build projects IYC are representing at the moment?

Icon 280 

At 84 metres, this in-build project from Icon yachts boasts true Dutch build pedigree in combination with a stylish, classic exterior design by renowned British designer Tim Heywood. This is alongside naval architecture from Van Oossanen Naval Architects and an interior from the drawing boards of Mallorca-based designer, Gimena Mazzeo Caneda, after she was lengthened from 76 to 84 metres last year. 

For potential owners, the Icon 280 offers a short delivery time - it can be ready for 2021 - and, for those who want to tailor this head-turning vessel to their tastes, it’s easy, as her new owner would have the opportunity to customise the interior to fit their exact requirements and style. Thanks to her range of 5,500 nautical miles at a cruising speed of 13 knots and onboard accommodation for up to 19 guests, Icon 280 marries ocean-crossing, explorer capabilities with classic style and superyacht comfort.ICON Yachts 280 exterior renderingPhoto: ICON YachtsSimon Fraser 

A former coast-guard vessel built by Burrard Dry Dock, the 62-metre motor yacht Simon Fraser is currently being converted into an explorer yacht at the Benetti yard in Livorno, with Lusben executing the conversion. With exterior lines and interior design by the UK-based studio Kirschstein Designs, her future owners will be able to customise the interior design to create the perfect go-anywhere yacht for themselves and up to 24 guests. 

This world-class cruiser has a build time of two years and will be a fully-fledged expedition yacht upon completion perfect for the next generation of adventurous owners, with an Ice Class hull, submarine garage, touch and go helipad with refuelling station and oceangoing range of 11,000 nautical miles at 10 knots. Simon Fraser yacht renderPhoto: IYC YachtsPJ World 

Currently under construction at the Norwegian shipyard Westcon, this 81.4-metre steel-hulled superyacht was conceived back in 2009 and designed by Italian studio Nuvolari Lenard with Rolls-Royce Marine designing an innovative drive system, including two diesel engines delivering a top speed of 16.5 knots, a cruising speed of 12 knots and an incredible range of 10,500 nm at 10 knots.PJ World hull at the shipyard in Norway
With a polar class hull, upon completion PJ World will cruise the globe with complete autonomy, thanks to complex self-sustaining systems on board that make her a true explorer vessel. Accommodating 14 guests across seven staterooms and a crew of 27 to support them, she will also come complete with a submarine garage and helipad with refuelling station, as well as a wellness centre. Her future owner will also have the opportunity to choose a custom interior to ensure that PJ World suits their needs. PJ World yacht exterior renderPhoto: IYC YachtsSupernova 55 

There is also the custom Cosmo Explorer Supernova 55. With construction work already well advanced on the vessel by Lusben at the Benetti yard in Livorno, this modern superyacht offers an ideal opportunity for a buyer looking for a new build to make their own, with the option of developing a fully custom interior to go with her stylish exterior lines by Italian designer Cristiano Gatto.

Built to ABS class, Supernova 55 brings together luxury with explorer capabilities and includes six generous staterooms, a large observation deck with gym and Jacuzzi and an on water beach club. Her 5,000 nautical mile range, helipad and refuelling station and submarine garage mean she is the ideal match for a future owner looking to explore all four corners of the globe on a vessel tailored perfectly to their requirements. Supernova 55 exterior designPhoto: IYCGalileo 80, Galileo 70, C Force 65m

Finally, IYC has been appointed as the exclusive sales representative of three new Admiral projects: Galileo 80, Galileo 70 and the C Force 65m. The 80-metre Galileo 80 with a sleek Admiral-designed profile offers an impressive array of amenities such as a spacious beach club, indoor gym, Jacuzzi and helipad spread out over five decks. Across 70-metres, Galileo 70 boasts a large main-deck pool, stylish interiors and has an outstanding range of 6000 nautical miles. Galileo 80 yacht renderingPhoto: AdmiralGalileo 70 yacht renderingPhoto: AdmiralThe C Force 65m is another new and exciting Admiral project built and designed with The Italian Sea Group. With two skylounge deck Jacuzzis, a gym with spa and a beach club, guests are promised a first-class onboard experience. C Force 65m yacht renderingPhoto: AdmiralTo find out more about new builds with IYC and the wide range of services they offer, contact the company directly using the details below. 

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