Taking place at the Hilton Abu Dhabi, Yas Island on November 22 and 23, the <a data-gid="gid://syiq/Event/185" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2023">Gulf Superyacht Summit</a> also marks the second edition of <a href="https://www.superyachttimes.com/market-reports/gulf-superyacht-market-report-2023" rel="noopener noreferrer" target="_blank" title="">Gulf Superyacht Market Report</a>. <img src="https://photo-assets.superyachttimes.com/photo/294238/image/large-3e46eca31318a4d8c6e6e20321eeb5a1.jpg" data-gid="gid://syiq/Photo/294238">The Arabian Gulf is growing in popularity as a superyacht destination, but just how popular is the area with superyacht owners and are there any seasonal patterns in superyacht visits? The <a href="https://www.superyachttimes.com/market-reports/gulf-superyacht-market-report-2023" rel="noopener noreferrer" target="_blank" title="">Gulf Superyacht Market Report</a> takes a look at how big the market potential for the area is in terms of superyachts and analyses the data from previous years.This year’s <a href="https://www.superyachttimes.com/market-reports/gulf-superyacht-market-report-2023" rel="noopener noreferrer" target="_blank" title="">Gulf Superyacht Market Report</a> looks at the rising number of superyachts in the Gulf and the nationality of these yacht owners. With a potential of over 900 yachts to visit the region, SuperYacht Times keeps track of the refit facilities in the Gulf and how big the potential market is for the region.<img src="https://photo-assets.superyachttimes.com/photo/294239/image/large-702ac5652314390465642a271392e6ff.jpg" data-gid="gid://syiq/Photo/294239">Using data supplied by <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SYT iQ</a>, the SuperYacht Times intelligence team have created a comprehensive report and analysis into the Gulf region. Want to know more?<a href="https://www.superyachttimes.com/market-reports/gulf-superyacht-market-report-2023" rel="noopener noreferrer" target="_blank" title="">Download the Gulf Superyacht Market Report 2023 here</a>.SYT iQ bespoke consultancyWould you like to increase your footprint in the Arabian Gulf superyacht market but are lacking the right data? The Intelligence team of SuperYacht Times performed extensive research specifically for the <a href="https://www.superyachttimes.com/market-reports/gulf-superyacht-market-report-2023" rel="noopener noreferrer" target="_blank" title="">Gulf Superyacht Market Report</a> 2023, and we could do the same for your company too. Interested? Get in touch with our Sales team via <a href="mailto:sales@superyachttimes.com" title="">sales@superyachttimes.com</a>

Gulf Superyacht Market Report 2023 now available for free download

Gulf Superyacht Report 2023

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The second edition of the Gulf Superyacht Market Report 2023 is now available for download. 

Gulf Superyacht Market Report 2023 now available for download

The market for new sailing superyachts is a small one compared to the motor yacht market, but it has seen some very interesting developments as of late. Our Head of Intelligence Ralph Dazert takes a dive into the data about this market segment.New sales changing tack?Sales of new sailing yachts in 2024 defied the downward trend witnessed in the overall newbuild and used yacht market over 30-metres. They were up by three units compared to 2023, to 15 units, which is also the average of the last ten years. So still not a staggering number as we saw 21 sales in the boom year of 2021 and in 2018 as well, but behind these 15 sales of 2024 are some important developments. Also the contrast between the upward movement of new sailing yacht sales versus the downward in the sales of their used counterparts is interesting to note. It is important to note that this upswing in sales is restricted to the 30-40-metre segment as the high-end custom segment above that is a very small niche with a rhythm of its own.<img src="https://photo-assets.superyachttimes.com/photo/361698/image/large-5ef9e3d53d6dd6a3cb1f1c75895e9719.png" data-gid="gid://syiq/Photo/361698">In September 2024, Italian superyacht powerhouse <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> announced the completion of its acquisition process of the Finnish sailing yacht yard <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan</a>, which <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> bought from the Italian fashion mogul Leonardo Ferragamo. <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a> sold three yachts in the summer of 2024, including hulls 2 and 3 of the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a> 108 model and hull 5 of the 98 model. Most of these deals were likely already concluded before the completion of the takeover by <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>. These orders came on top of the sale of the second hull of the 128 model earlier in 2024. <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a> had no new yacht sales over 30 metres in 2023.In addition, we saw the other main Finnish super sailing yacht builder, <a data-gid="gid://syiq/Company/327" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Baltic Yachts (Company)">Baltic Yachts</a>, replenish its orderbook over 30 metres, signing its first sailing catamaran with the 32.9-metre Zeteo project and a 37.08-metre custom sloop for a repeat client. Again, the company had sold nothing new over 30 metres in 2023.Also the South African yard <a data-gid="gid://syiq/Company/151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Wind (Company)">Southern Wind</a> saw its sales go up from just one new yacht over 30 metres during 2023 to three in 2024, while Polish catamaran specialists <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> sold two new sailing cats over 30 metres during 2024, one more than in 2023.<img src="https://photo-assets.superyachttimes.com/photo/329084/image/large-e8887e061655820284115b9dafe1ee1a.jpg" data-gid="gid://syiq/Photo/329084">A gust of wind or a steady breeze?So was 2024 the start of a prolonged upswing in new sailing yacht sales or just a temporary glitch? Market experts acknowledge that there was a bit of a “boom” in the summer of 2024, particularly owing to a scarcity of available build slots, with next available delivery options as far out as 2026 or 2027. However, the lack of availability of attractive used yachts also played its part, as the available inventory of used yachts had been cleared out during the post-Covid sales boom between 2021 and 2023. This pushed several clients who had been considering new-builds for some years to finally make their move, but also several first time buyers were won over. It remains to be seen if the same sales success can be achieved in 2025, as first indications are that more owners are looking to list their used sailing yacht for sale, although we do not yet see that in the number of sailing yachts newly listed for sale (28 as of late May 2025 versus 29 for the same period of 2024). Meanwhile, available build slots remain scarce. On the upside, pricing has become more stable since about late 2023 as the inflationary peak during the Covid years subsided and supply chains have become more stable. Still, it remains a challenge for shipyards to accurately price a newbuild delivering in late 2007 or early 2028.<img src="https://photo-assets.superyachttimes.com/photo/338185/image/large-93dcacfdc46b9a6959d379c800417346.jpg" data-gid="gid://syiq/Photo/338185">Some fresh blood in terms of super sailing yacht ownership is coming from clients who order sailing catamarans. During 2024, no less than five of these were sold, up from two each during 2023 and 2022. Owners buying sailing cats tend to be a different crowd from those buying sailing monohulls and tend to be attracted by the stability, comfort and space offered by the cats, possibly making them a possible viable and eco-conscious alternative to motor yachts.So, while 2024 was widely acknowledged to be a good year for new sailing yacht sales, particularly in the 30-to-40-metre size bracket, it might prove to be a challenge to replicate the same success in 2025.<img src="https://photo-assets.superyachttimes.com/photo/309284/image/large-93bdce7c99289d2ae58e9267a68f7e82.jpg" data-gid="gid://syiq/Photo/309284">This article was first published in&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-53" rel="noopener noreferrer" target="_blank" title="">Issue 53 of the SuperYacht Times newspaper, available for download at this website.</a>

Market Insight: Sailing yacht sales rise in 2024 

Is sailing making a comeback? A look at the 2024 rise in new superyacht sales and what it could mean for the market.

Sailing into recovery? Tracking the 2024 market upswing

Following the success of its inaugural edition in 2024, SuperYacht Times is proud to host the second annual <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">Asia-Pacific Superyacht Summit</a> (APSS) on 7 to 8 May 2025, taking place once again at the Renaissance Harbour View Hotel in Hong Kong.<img src="https://photo-assets.superyachttimes.com/photo/357509/image/large-7075cac07cb64926cbee0b65b54e521f.jpg" data-gid="gid://syiq/Photo/357509">In the lead-up to the event, SuperYacht Times’ Intelligence team has undertaken a detailed review of the region’s superyacht activity. Spearheaded by Research Analyst Adil Zaman and Head of Intelligence Ralph Dazert, the new <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2025</a> offers a comprehensive overview of ownership, fleet composition and yacht movements across the region. <img src="https://photo-assets.superyachttimes.com/photo/358843/image/large-02485e8e96f50f6cb3255769e61d4e5b.jpg" data-gid="gid://syiq/Photo/358843">What’s inside the 2025 edition?Drawing on refined AIS tracking technology, SuperYacht Times now captures movement data on over 76 percent of the world’s operational superyacht fleet over 30 metres. For this report, our analysts cross-checked AIS signals with known vessel locations, including those temporarily offline or stationed in remote anchorages. The result: one of the most accurate and complete assessments of the Asia-Pacific market to date.How many superyachts are there actually in the Asia-Pacific region? Where in the region are they based? Is their number going up? And what are the hotspots? All of these questions will be addressed in the <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2025</a>.The <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">report</a> includes an in-depth breakdown of each country’s fleet numbers, ownership trends and year-on-year changes.<img src="https://photo-assets.superyachttimes.com/photo/357510/image/large-37a9028c04839d18e0712ba34ea79ec3.jpg" data-gid="gid://syiq/Photo/357510">Available nowThe <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2025</a> is available to download free of charge following its official release at the <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">Asia-Pacific Superyacht Summit</a>. The report is an essential resource for brokers, shipyards, owners and industry professionals seeking data-driven insights into one of the most dynamic regions in the global superyacht market.The <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2025</a> is now available as a free digital download <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">here</a>. <img src="https://photo-assets.superyachttimes.com/photo/357511/image/large-32971015d79041e1ec72d2e13e30718b.jpg" data-gid="gid://syiq/Photo/357511">SYT iQ bespoke consultancyWould you like to increase your footprint in the Asia-Pacific superyacht market but are lacking the right data? The Intelligence team of SuperYacht Times performed extensive research specifically for the <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-report-2025" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2025</a>, and we could do the same for your company too. Interested? Get in touch with our Sales team via <a href="mailto:sales@superyachttimes.com" title="">sales@superyachttimes.com</a>.

Asia-Pacific Superyacht Report 2025 free download

The Asia-Pacific Superyacht Report 2025 is now available for free download. 

Asia-Pacific Superyacht Report 2025 available for free download now!

Following its successful debut in 2024, SuperYacht Times is proud to host the second edition of the <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">Asia-Pacific Superyacht Summit (APSS)</a>, taking place on 7–8 May 2025 at the Renaissance Harbour View Hotel in Hong Kong – one of Asia’s most prominent yachting capitals.In preparation for this event, our Research Analyst, Adil Zaman, along with our Head of Intelligence, Ralph Dazert, conducted an in-depth analysis of regional superyacht movements and ownership trends. The findings are featured in the upcoming Asia-Pacific Superyacht Report 2025, set to launch during the <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">APSS</a>. Here’s a sneak peek at what’s inside.<img src="https://photo-assets.superyachttimes.com/photo/357511/image/large-32971015d79041e1ec72d2e13e30718b.jpg" data-gid="gid://syiq/Photo/357511">How many superyachts are there in Asia?Over the past few years, SuperYacht Times has refined its yacht tracking capabilities using the Automatic Identification System (AIS) tracking signals that yachts emit, now covering more than 76% of all operating superyachts over 30 metres. For this report, AIS data was further enhanced by crosschecking the yachts transmitting on AIS against all yachts that are known to be in the area according to our records, providing one of the most comprehensive and accurate views to date of superyacht activity in the Asia-Pacific region.Missing vessels and their likely locations were incorporated into the dataset, ensuring maximum reliability of our analysis.<img src="https://photo-assets.superyachttimes.com/photo/357507/image/large-e2d53a664142bb0230e77c8d9a77a598.png" data-gid="gid://syiq/Photo/357507">Yachts in Asia-Pacific: larger than averageFrom January to December 2024, we recorded 530 unique superyachts active in the region – either permanently based there or visiting during the year. Of these, 343 yachts were owned by Asia-Pacific nationals, while 187 were foreign-flagged.Only 12% of the fleet were sailing yachts – lower than the global average of 15% – and the overall fleet in the region trends slightly larger than the global norm. Just 59% of the fleet fell into the 30–40-metre category (vs. 63% globally), while more than 20% exceeded 50 metres, compared to 16% worldwide. Number of yachts in the region is increasing While we counted a total of 530 unique superyachts in the Asia-Pacific region over the past year, annual figures vary as yachts are added to the local fleet or visit from outside the region. That said, the upward trend is clear. In 2022, we recorded 372 unique yachts. In 2023, this rose to 445, a 20% increase. By 2024, the figure climbed to 530, representing a further 19% growth. If this trend continues, the number of superyachts operating in the region could exceed 600 by the end of 2025.<img src="https://photo-assets.superyachttimes.com/photo/357508/image/large-aa8faedf4b62bc1d28c7b0846ecfe5ca.jpg" data-gid="gid://syiq/Photo/357508">Where are the yachts based?The Asia-Pacific region spans a diverse and expansive maritime landscape, from established yachting hubs to fast-growing destinations. According to our latest tracking data, Australia continues to attract the highest number of superyachts, with over 140 active yachts recorded in the past year – a testament to its strong infrastructure and appeal for long-range cruising.Singapore remains a key stopover, serving as a vital transit and provisioning hub for yachts moving between the Indian Ocean and the Pacific. Southeast Asia continues to show strong cruising activity, with countries like Thailand and Malaysia each recording more than 70 superyachts. Hong Kong stands out as the traditional hub of yacht ownership and operations in South East Asia, while the Indian Ocean, particularly around the Maldives, remains a strategic waypoint for transiting yachts.A detailed breakdown of yacht activity by country – including year-on-year trends, fleet size, and ownership – is available exclusively in the Asia-Pacific Superyacht Report 2025.<img src="https://photo-assets.superyachttimes.com/photo/357510/image/large-37a9028c04839d18e0712ba34ea79ec3.jpg" data-gid="gid://syiq/Photo/357510">Asia-Pacific Superyacht Report 2025 All of this, and much more, will be featured in the Asia-Pacific Superyacht Report 2025, published during the <a data-gid="gid://syiq/Event/270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2025 - 2nd Edition">Asia-Pacific Superyacht Summit</a> in Hong Kong on 7–8 May 2025. The report will be made available as a free digital download following the event.Stay tuned to our newsletter and website for the official release – and join us as we explore how the Asia-Pacific region continues to shape the future of global yachting.<img src="https://photo-assets.superyachttimes.com/photo/347647/image/large-8cec63896a1a4502ed1b8776617ed076.jpg" data-gid="gid://syiq/Photo/347647"><img src="https://photo-assets.superyachttimes.com/photo/343984/image/large-664195a838c51d7a64421b61558d9a3b.jpg" data-gid="gid://syiq/Photo/343984">

Asia-Pacific Superyacht Summit report preview

A preview of the upcoming APSS market report.

The Asia-Pacific Superyacht Report 2025: a preview

The US Government and President Donald Trump announced a comprehensive tariff regime, dubbed “Liberation Day” on 2 April 2025 (yesterday), which includes a 20 percent reciprocal tariff on exports to the US from the European Union (EU).<img src="https://photo-assets.superyachttimes.com/photo/30218/image/large-8673d8081c2f8ea4435b9b181f1304bc.jpg" data-gid="gid://syiq/Photo/30218">The new policy introduces a baseline 10 percent tariff on nearly all imports, with higher reciprocal tariffs imposed on countries deemed to maintain significant trade barriers against US products, such are those in the EU.The administration has justified these measures by citing the need to rectify large and persistent annual US goods trade deficits, which are viewed as a threat to national security and economic stability.&nbsp;The White House asserts that a lack of reciprocity in trade relationships, evidenced by disparate tariff rates and non-tariff barriers, has contributed to the erosion of the US manufacturing base and critical supply chains.The imposition of a 20 percent tariff on EU exports could have significant repercussions for the superyacht industry, particularly affecting European yacht builders and American buyers with increased costs for buyers, challenges for European builders and changes to the brokerage market.<img src="https://photo-assets.superyachttimes.com/photo/355008/image/large-49c5dba8b78d80ed3faf2c2b560c90ed.jpg" data-gid="gid://syiq/Photo/355008">What this could mean for yachtingA 20 percent reciprocal tariff on EU exports could raise costs for American clients who are interested in purchasing European-built superyachts. Buyers may face higher acquisition costs due to the tariffs, potentially leading to decreased demand or a shift towards alternative markets.As well as this, European shipyards, many of which are small and medium-sized enterprises (SMEs), might experience a decline in orders from the US market, impacting production schedules and financial stability. In turn, the brokerage sector may need to adapt to changing market dynamics, possibly focusing more on domestic listings or exploring new markets less affected by the tariffs.According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, 565 of the over 6,000 operating yachts 30 metres and above are US flagged. This figure equates to around nine percent of the current fleet. As well as this, 258 of those are built outside of the US, which is just under half.As a result of this announcement, the industry association European Boating Industry (EBI) issued a statement on 3 April, expressing strong opposition to the tariffs, highlighting the potential risks to businesses on both sides of the Atlantic.EBI represents the recreational boating and nautical tourism industry in Europe, with members from national industry associations and key companies across boatbuilding, engine manufacturing, equipment supply, refit and maintenance, marinas, yacht charters and water sports rental.“European Boating Industry (EBI) strongly opposes tariffs and underlines the potential risks to businesses on both sides of the Atlantic and the entire value chain. The boating industry is globally integrated and North America and Europe are the largest markets. Tariffs disrupt businesses, hinder economic growth, and jeopardise jobs.”&nbsp;The global yacht industry is deeply interconnected with European yacht builders supplying a substantial portion of superyachts to American owners. Over recent years, many European shipyards such as <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/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> and <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> have delivered projects to US clients, with the new tariffs meaning &nbsp;they could be at risk of incurring increased costs when exporting to the US.&nbsp;"This will undoubtedly impact companies importing yachts into the US, particularly large builders which rely heavily on the American market for a significant portion of its annual sales. The same applies to British brands such as <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> and <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>, which have a strong presence in the US," explained broker Alex G. Clarke of <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>.European yacht-building powerhouses like Italy, Germany, the Netherlands and the UK will be directly affected, with uncertainty still remaining over whether these new tariffs stack with the existing 25 percent duties on steel and aluminium, with reports suggesting that they won’t.These new tariffs would also directly affect the economies of many other countries such as China, which has a strong background in boat building. China currently faces a 34 percent tariff, with fears that this will spark inflation, recession and potentially a global trade war.However, despite the introduction of new tariffs, certain aspects of yacht ownership for US buyers will remain unaffected. "The approach for new-builds purchased by American buyers in foreign countries such as Italy, Turkey, or Northern Europe will remain unchanged," added Clarke. "These yachts will continue to be foreign-flagged, with ownership often structured through foreign corporations for tax and liability purposes."“However, buyers should be aware of a potential price increase of 10 to 20 percent that was not previously factored in. Additionally, those who ordered a yacht a few years ago and are now preparing to take delivery may face unexpected costs due to these tariffs, impacting their final payments. Another key consideration is the cost of importing the yacht into the United States and the challenges of securing a US cruising permit if the vessel is not US Duty Paid."<img src="https://photo-assets.superyachttimes.com/photo/355049/image/large-3d3a02bdefcb01051061e471c5835d20.jpg" data-gid="gid://syiq/Photo/355049">The effect of tariffs on the marketPresident Trump has argued that many of the United States' trading partners have taken advantage of lower US tariff rates while applying higher taxes on American exports. Developing economies across Africa, Latin America, South Asia and Southeast Asia are anticipated to face significant challenges, either due to specific tariff increases or broad import duties imposed on goods from these regions.Tariffs of this magnitude risk disrupting business operations, slowing economic growth and impacting employment, particularly among small and medium-sized enterprises (SMEs) that dominate the sector.According to EBI, SMEs form the backbone of Europe’s recreational boating industry, accounting for over 96 percent of the sector’s 32,000 businesses and employing more than 280,000 people. Additional costs imposed by tariffs could lead to reduced sales, increased financial strain on companies and a shift in market dynamics.For American buyers interested in purchasing European-built yachts, a 20 percent tariff represents a significant increase in acquisition costs. This could deter potential buyers or drive them towards alternative markets, including domestic US builders or non-EU yacht manufacturers such as those in Asia, many of whom already target the American client base.Furthermore, the superyacht brokerage sector could see a slowdown in transactions for European-built vessels, as higher import costs may make some yachts less attractive. This situation echoes the impact of previous tariff disputes, where added costs resulted in delayed or cancelled orders."The final outcome and impact of the tariffs will take time to unfold as markets adjust and countries potentially reciprocate with increased taxes, so we are far from reaching a definitive resolution. However, it is clear that the tariffs are already having a negative effect, as many American buyers have temporarily put their yacht purchases on hold to assess the situation. Buyers are becoming more cautious, with some choosing to delay purchases until the markets stabilise", explained Clarke.Read: <a data-gid="gid://syiq/Article/62969" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The State of Yachting 2025 now available for download (2025-03-31 16:30:00 +0200)">The State of Yachting 2025 now available for download</a><img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">EBI has welcomed the EU’s objective of reaching a negotiated solution with the US, advocating for the permanent removal of tariffs to support industry growth, jobs and investment on both sides of the Atlantic. Maintaining free trade between these key markets is vital for sustaining the superyacht sector’s long-term health and competitiveness.“We welcome the EU’s objective to reach a negotiated solution with the US and EBI stands ready to contribute with proposals to enhance the recreational boating industry’s mutual success. The permanent removal of tariffs would support economic growth, jobs and investment on both sides of the Atlantic.”The EU has already signalled that it may retaliate with tariffs on €26 billion worth of American goods, including boats. However, a two-week pause on implementation has been put in place, suggesting that there is still room for negotiations.The National Marine Manufacturers Association (NMMA), which represents the US recreational boating industry, has been actively monitoring the tariff situation and advocating for policies that protect domestic manufacturers. While the organisation acknowledges the administration's goal of strengthening American industry, it has urged the government to adopt a more measured approach to trade enforcement.“The recreational boating industry is a proudly made in America industry that supports more than 812,000 American jobs and generates $230 billion in annual economic impact,” they explained in a statement. “NMMA is closely monitoring developments and engaging with administration officials to ensure the voice of the recreational marine industry is heard.”As discussions continue, industry stakeholders will be following these developments and exploring potential strategies to mitigate the impact of the new tariffs. SuperYacht Times will continue to follow the US tariffs and how they might affect the yachting industry.

Trump tariffs on US exports from the EU

SYT takes a look at how the 20% reciprocal tariff on exports to the US from the EU could affect the yachting industry.

market-insight-large-articles#0

US Tariffs on Europe: What could this mean for the yachting industry?

The latest edition of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2025" rel="noopener noreferrer" target="_blank" title="">The State of Yachting</a> market report is now available for download on the <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> website. Celebrating its 10th edition, <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2025" rel="noopener noreferrer" target="_blank" title="">The State of Yachting</a> has become a trusted resource for industry professionals, delivering valuable insights into market performance, construction activity, brokerage trends and fleet developments.<img src="https://photo-assets.superyachttimes.com/photo/354274/image/large-cf22eca404e395ebfeed6302c3068e19.jpg" data-gid="gid://syiq/Photo/354274">Powered by our market-leading intelligence system <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, the annual report provides a comprehensive statistical overview of the superyacht industry. It highlights key market fundamentals such as new and used yacht sales, the construction book, refit market statistics, geographical data on yacht ownership, and much more.<a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2025" rel="noopener noreferrer" target="_blank" title="">The State of Yachting</a> also includes our views on industry trends and the market outlook, in addition to a new section reviewing the charter market. Now in its 10th issue, it is considered a key reference point for industry professionals, offering detailed analysis backed by <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>' proprietary market intelligence and data.“We are proud to present the 10th issue of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2025" rel="noopener noreferrer" target="_blank" title="">The State of Yachting</a> and already the seventh under my stewardship," explained Ralph Dazert, Head of Intelligence. "It is a yearly labour of love and a true team effort of many colleagues here at <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> and showcases our many capabilities in the realm of market data, consultancy and regional superyacht events. It represents a calling card of the company as such and we hope it will help you enhance your knowledge of the superyacht industry.”<img src="https://photo-assets.superyachttimes.com/photo/354272/image/large-2e14c2bd43f684fa0736d089c085d6c3.jpg" data-gid="gid://syiq/Photo/354272">Want to know more?You can unlock Premium Content including <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2025" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2025</a>, <a href="https://www.superyachttimes.com/magazine" rel="noopener noreferrer" target="_blank" title="">How To Build It</a>, quarterly newspapers, the <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific</a> and the <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">Gulf Superyacht Market Report</a> and more by subscribing to Premium.You can download your copy of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2025" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2025 here</a>.For more information on our expansive <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">Superyacht iQ</a> system, you can contact our experienced team at <a href="mailto:sales@superyachttimes.com" target="_blank">sales@superyachttimes.com</a>, who would be happy to assist you in booking a free demonstration of the system.&nbsp;

The State of Yachting 2025 now available for download

The latest edition of The State of Yachting market report is now available for download.

SuperYacht Times is pleased to announce that the annual market report livestream for <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2025</a> will take place on Monday 31 March at 16:00 CET.<img src="https://photo-assets.superyachttimes.com/photo/354005/image/large-c5b817d2d54899d50de03a5c69f63cf0.png" data-gid="gid://syiq/Photo/354005">Hosted by SuperYacht Times’ Head of Intelligence Ralph Dazert, alongside News Editor Sophie Spicknell, <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2025</a> livestream will dive into some of the key questions surrounding this year’s figures, as well as making some predictions about the year ahead.&nbsp;This year marks the 10th edition of <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">The State of Yachting</a>, which has become the most comprehensive and accessible report on the superyacht industry. The report will cover new-build and brokerage sales, charter activity, market trends and more, giving viewers an unparalleled insight into the industry.Commenting on the significance of this year’s report, Ralph Dazert said: "The superyacht market continues to evolve and we’ve seen notable shifts in buyer demographics and emerging trends in design and technology, which will shape the future of yachting. This year’s report will give viewers a comprehensive overview of where the market stands today and what we can expect moving forward."What to expect from The State of Yachting 2025In this 2025 edition, you will find both familiar and fresh content. Besides our usual detailed statistical analyses of topics like yacht sales, yachts in build and the refit market, we will also take a more in-depth look at the latest trends in the charter market and share some examples showcasing our research into vessel positions and upcoming markets, such as the Middle East and Asia.Read:&nbsp;<a data-gid="gid://syiq/Article/62628" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="What’s the State of Yachting in 2025? (2025-02-17 09:15:00 +0100)">What’s the State of Yachting in 2025?</a><img src="https://photo-assets.superyachttimes.com/photo/354012/image/large-0787ddc1b96610e3f1e37bf9c6bf5d2b.png" data-gid="gid://syiq/Photo/354012">How to watch<a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2025</a> livestream will be broadcast on <a href="https://www.youtube.com/@superyachttimes" rel="noopener noreferrer" target="_blank" title="">YouTube</a>, with a Q&amp;A session following the main presentation. Viewers will have the opportunity to engage directly with the SuperYacht Times team and ask questions about the report's findings. SYT <a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">Premium</a> subscribers will be able to download the full report from the SuperYacht Times website after the livestream.Want to know more about Premium Content?You can unlock <a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">Premium Content</a> including <a href="https://www.superyachttimes.com/market-reports" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2025</a>, exclusive news articles, our <a href="https://www.superyachttimes.com/magazine/how-to-build-it-issue-6" target="_blank">How To Build It</a> magazine, quarterly newspapers, the <a href="https://www.superyachttimes.com/market-reports/asia-pacific-superyacht-market-report-2024" target="_blank">Asia-Pacific Superyacht Market Report</a>, the Gulf Superyacht Market report and more by subscribing to <a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">Premium</a>.

The State of Yachting 2025: Livestream on 31 March at 16:00 CET

SYT is pleased to announce that the annual market report livestream for The State of Yachting 2025 will take place on Monday 31 March at 16:00 CET.

According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> data, sales of used 30-metre-plus yachts experienced a slight decline of approximately 3% in 2024, with 305 yachts sold compared to 314 in the previous year. This represents a 40% decrease from the peak year of 2021, when 515 yachts were sold - the highest sales figure for 30-metre-plus used yachts sales recorded. Nevertheless, sales still remain slightly above the pre-pandemic levels, with 293 used yacht sales recorded in 2019. <img src="https://photo-assets.superyachttimes.com/photo/347811/image/large-13dcfc95af1ed88b54bd6f0d8d80e911.jpeg" data-gid="gid://syiq/Photo/347811">This dynamic mirrors trends observed in the new yacht sales market, suggesting that the yacht brokerage market may have completed a cycle since 2019. This view is reinforced by Dimitris Kyriazakos, Managing Director of <a data-gid="gid://syiq/Company/2510" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="EKKA Yachts (Company)">EKKA Yachts</a>, who sees the decrease in sales as part of a 'maturing market' or the conclusion of a long five-year market cycle. He anticipates these trends will continue into 2025Despite a continual decrease from used yacht sales from 2021 onwards, the total value of used yacht sales for 30-metre-plus vessels remained high, at €4.4 billion. This reflects a modest decrease of just 5% compared to 2023 and a substantial decline of approximately 18% from the 2021 peak of €5.3 billion. Nonetheless, it represents around 7% increase in value of sales from 2022 and a significant 43% rise from pre-pandemic levels in 2019, which stood at €3.1 billion, as depicted in the graph below.<img src="https://photo-assets.superyachttimes.com/photo/347812/image/large-9fece20374d7edf42a71268b5e67c6ac.jpeg" data-gid="gid://syiq/Photo/347812">Raphael Sauleau, CEO of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>, maintains that the evolution of the brokerage market over the past few years reflects broader industry trends, from post-pandemic demand surges to a more measured and selective buyer approach in 2024. He further adds, “While sales volumes have declined from their 2021 peak, the overall transaction values remain somewhat high, driven by sustained interest in newer, well-maintained yachts and the rising cost of new builds.”Juan Andrade, a Sales Broker at <a data-gid="gid://syiq/Company/2237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYachtsMonaco (Company)">SuperYachts Monaco</a>, links the high total value of yacht sales, despite a decrease in the number of used yachts sold since 2021, to post-COVID market dynamics. “Right after COVID in 2021, there was a surge in buying activity, particularly among clients with budgets ranging from one to five million euros, who were keen to purchase. Additionally, some clients paid premium prices, which increased both the number of sales and the total value,” he explains.Expanding on this point Andrade further notes that the ongoing high asking prices can be attributed to owners who, several years after making their high-priced purchases, are now looking to sell. “Two to four years later, those who bought at premium prices are either upgrading or discovering that yachting doesn’t suit their lifestyle,” he says. “They are trying to recoup some of their investment, which keeps asking prices elevated. Unfortunately, the pool of buyers in the one to five million euro range has diminished, leading to many unsuccessful sales.” According to Andrade, this situation has helped maintain the overall high value of transactions, despite a reduction in the number of yachts sold this year.Echoing Andrade's insights, Sauleau also emphasises the challenges in pricing strategy, stating: "Pricing misalignment between buyers and sellers continues to pose challenges, especially for those who purchased at premium prices and are now looking to resell."Through <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, an analysis of the total asking prices for the top five used yachts sold in 2024 reveals they amounted to €1.05 billion, compared to €1.04 billion in 2023. Some of the yachts with the highest asking prices this year include the 90.02-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/1677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Phoenix 290.02m (295'4&quot;)Lürssen Yachts2010">Phoenix 2</a> and the 74-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> superyacht <a data-gid="gid://syiq/Yacht/5957" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="New Secret74.0m (242'9&quot;)Amels2017">New Secret</a>.<img src="https://photo-assets.superyachttimes.com/photo/286291/image/large-314443d37396c15d2bff82c44ddcbed0.jpg" data-gid="gid://syiq/Photo/286291">Kyriazakos elucidates why valuations remain high by directly linking the robustness of used yacht market valuations to the production output and market dynamics in the new-build market. The post-pandemic boom of 2021 and 2022 not only expanded the brokerage market but also led to significant backlogs for builders," he explains. "In response, builders raised their price lists annually due to rising material costs. This situation provided an arbitrage opportunity for those who took deliveries between 2021 and 2023. They could list and often sell their yachts at prices significantly higher than their initial purchase costs, thanks to the escalated replacement costs." Consequently, "buyers saw a chance to acquire almost new yachts without the extended wait times associated with new builds,” posits Kyriazakos.Analysing Gross Tonnage (GT) trends When comparing the total GT of used 30m+ yachts sold from 2019 to 2024 with the average GT, it becomes evident that the peak in 2021 – when total GT reached 220,851 while average GT remained approximately 429 – was driven by a higher number of sales rather than a shift toward larger yachts. This aligns with Andrade's analysis, which highlights that many buyers in 2021 opted for smaller yachts.Moreover, in 2023, total GT declined to 154,977, while average GT rose to 494. This suggests that although fewer yachts were sold, those that did sell were generally larger, indicating either a shift in buyer preference toward higher GT yachts or a decline in smaller yacht transactions. Andrade supports this observation, explaining that &nbsp;“buyers who typically rely on financing are not in the market at the moment, whereas those who don’t require financing are still acquiring yachts.” The relationship between total GT and average GT of used 30m+ yacht sales is illustrated in the graphs below.<img src="https://photo-assets.superyachttimes.com/photo/347813/image/large-4fe78a7367677c000886c75dcff97cca.jpeg" data-gid="gid://syiq/Photo/347813"><img src="https://photo-assets.superyachttimes.com/photo/347814/image/large-494b40b2d48110a32866e2d8a5ffff4b.jpeg" data-gid="gid://syiq/Photo/347814">In 2024, total GT continued to decline to 130,517, while average GT fell to 428 from its 2023 peak of 494. However, it remained higher than in 2022 and only slightly below 2021. This suggests that despite a decrease in overall sales, more voluminous yachts are still being sold.Between 2019 and 2020, the average price per GT dropped sharply by 11%, likely due to market uncertainty at the onset of the COVID-19 pandemic. However, since 2021, the average price per GT of used 30m+ yachts has been rising steadily, reaching a record high of €32,500 in 2024 - a 6% increase from 2023 and a 32% increase from 2021, as shown in the graph below.<img src="https://photo-assets.superyachttimes.com/photo/347815/image/large-593c719f14936c2b0264833d8e5f8806.jpeg" data-gid="gid://syiq/Photo/347815">According to Andrade, the rising average price per GT of yachts can be attributed to the increasing inflationary costs of new builds, coupled with their extended delivery times. This situation has led buyers to pay a premium for desirable yachts currently on the market. Andrade elaborates, stating, “The cost of new builds is extremely high, and delivery times are long, with many yachts not available until 2029 or even 2030. As a result, the market for new builds is currently less attractive, prompting buyers to increasingly focus on recent or very recent second-hand yachts.”This trend is further confirmed by <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> data, shown in the graph below, which illustrates the average number of days on the market for used 30m+ yachts sold between &nbsp;2019 and &nbsp;2024. The data indicates a steady decline since 2021, with a 22% decrease from 2021 to 2024.<img src="https://photo-assets.superyachttimes.com/photo/347816/image/large-a5229d76452697d62111a26987789971.jpeg" data-gid="gid://syiq/Photo/347816">In addition, examining the average age of used 30m+ yachts sold from 2019 points to &nbsp;buyers preferring recently built yachts. Indeed, the average age has steadily declined from 22 in 2019 to 17.<img src="https://photo-assets.superyachttimes.com/photo/347817/image/large-4eb8b79ab38b2159a5a66573b87d72ab.jpeg" data-gid="gid://syiq/Photo/347817">According to Kyriazakos, the trend of declining average age in yacht sales is closely tied to the increased production output that began in 2019. He explains: “With more new-builds launched each year since then, the market has seen a growing availability of 'younger' yachts. This trend aligns with buyer preferences for newer vessels, often perceived as better, and is expected to continue over the next 2-3 years as newer inventory becomes increasingly available for sale.” He contrasts this with the period of 2017-2018, marked by a noticeable scarcity of new yachts due to reduced production following the 2008 financial crisis. Kyriazakos’ analysis highlights how changes in production levels over the years have directly impacted the age profile of yachts available on the market.Analysing Length TrendsExamining the total length of used 30m+ yachts sold reveals a dramatic peak in 2021, reaching approximately 21-kilometres, a significant 57% increase from 2020. This peak was followed by a noticeable decline, culminating in a reduction of 40% by 2024 from the 2021 levels.<img src="https://photo-assets.superyachttimes.com/photo/347818/image/large-d1830acd75e933968296856aca9ae48d.jpeg" data-gid="gid://syiq/Photo/347818">When evaluating the average yacht length, as depicted in the graph below, it is clear that the average length in 2021 remained relatively stable compared to 2019 and 2020. This stability indicates that the spike in total length was primarily due to a higher number of yachts sold, rather than an increase in the size of the yachts being sold.<img src="https://photo-assets.superyachttimes.com/photo/347819/image/large-006343d21cc8d6768e91422ee2184b3a.jpeg" data-gid="gid://syiq/Photo/347819">Post-2021, while the total length continued to decrease, the average length exhibited less volatility. This is particularly evident in 2023, where the average length peaked at 42.7-metres, despite a significantly lower total length than the peak of 21-kilometres in 2021. This trend suggests that although fewer yachts were sold, those that were sold tended to be of a relatively larger size.<img src="https://photo-assets.superyachttimes.com/photo/347820/image/large-3099e517037c610da817e9e067b4f11c.jpeg" data-gid="gid://syiq/Photo/347820">Assessing the various yacht length segments from 2019 to 2024 reveals while most segments experienced a decline in sales from their peak in 2021, the 40-50-metre segment demonstrated unique growth in 2024, with sales increasing to 84 units, up from 64 in 2023, approximately 31%. This uptick contrasts sharply with the general downward trend observed in other segments, such as the 30-40-metre and the larger 50-60-metre categories, which continued to see reduced sales. Andrade offers an explanation for the increased interest in the 40-50-metre segment, noting its appeal due to the substantial amenities these yachts offer under the 500GT threshold, characterising them as the "sweet spot" in the current market.Simon Goldsworthy, a Sales Broker at <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>, states: "There is no longer a single 'yacht market'; instead, we see wildly different segments performing in completely different ways. For larger, nearly new vessels over 50-metres, where there is a lack of supply, it remains a seller’s market. Conversely, the market for older and smaller vessels has become entirely a buyer’s market. In these segments, some sellers hold unrealistic expectations about recouping their investments, harking back to days when yachts could sit unsold for years. Additionally, the market dynamics are frustrating for brokers as some overvalue yachts to secure listings, which ultimately do not sell because they cater to clients who prefer optimism over realistic market evaluations."<img src="https://photo-assets.superyachttimes.com/photo/301497/image/large-b0f174fa2c8dcf7946d08f5b6387ceea.jpg" data-gid="gid://syiq/Photo/301497">Dimitris concurs with Andrade’s observation on the appeal of the sub-500GT range but adds that larger 40-metre vessels are proving more resilient compared to those in the 30-40-metre range. This resilience might be partly due to a growing charter fleet and specifically an increasing appetite in the 40-50 metre/sub-500GT range, which for many is considered the perfect compromise between size and return on investment for charter operations. Traditional charter markets such as the Western Mediterranean have shown great potential for fleet growth, especially during and after the pandemic, enticing owners of smaller craft to invest in larger and newer vessels. Additionally, emerging charter markets in regions like Greece and the Gulf have provided ample opportunities for the expansion of the larger yacht charter fleet."Sauleau reflects on broader industry dynamics that underscore ongoing adjustments within the yacht brokerage market. He points out that shifts in buyer demographics, the resilience of certain size segments - most notably the 40-50-metre range, and the ongoing expansion of charter markets are all playing significant roles in shaping the industry. With new-build availability still constrained and financing-dependent buyers less active, Sauleau anticipates that the market will continue adjusting in the coming years. He emphasises the importance of aligning pricing, inventory, and buyer expectations more closely over time. Additionally, Sauleau &nbsp;notes that while the U.S. market, a historical key driver, shows a renewed level of activity, particularly in terms of inquiries, the anticipated surge in sales following recent election results has yet to materialise. To learn more about the yachting market, visit&nbsp;<a href="https://sytiq.superyachttimes.com/" target="_blank">Superyacht IQ</a>&nbsp;and book a demo.&nbsp;

State of the brokerage market

Sales of used 30m + yachts experienced a slight decline of approximately 3% in 2024, with 305 yachts sold compared to 314 in the previous year.

Has the yacht brokerage market returned to pre-pandemic levels?

A federal judge in Florida has dismissed a class-action lawsuit that accused the world's largest yacht brokers’ association and other entities of charging boat sellers inflated sales commissions. <img src="https://photo-assets.superyachttimes.com/photo/289300/image/large-1ffa49ca8775f0bb7ce606cad8163ecf.jpg" data-gid="gid://syiq/Photo/289300">The lawsuit, initiated by a group of yacht sellers, claimed that the <a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">International Yacht Brokers Association</a>, along with Boat Trader, Yacht World and Boats Group LLC - the operator of Boats.com - had violated antitrust laws. It alleged that these entities compelled sellers into paying a 10 percent commission on the sale price of vessels, a fee split between the agents representing each party in the transaction. &nbsp;Initiated in February 2024, the legal challenge drew parallels to the residential real estate market in the United States, where sellers customarily pay a commission that covers the services of both their own and the buyer’s brokers. &nbsp;Read: <a data-gid="gid://syiq/Article/60200" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Inside the yacht brokerage industry’s class-action controversy (2024-04-17 09:30:00 +0200)">Inside the yacht brokerage industry’s class-action controversy</a><img src="https://photo-assets.superyachttimes.com/photo/306423/image/large-f732fc93c7f3418567c26f3dfb9234a4.jpg" data-gid="gid://syiq/Photo/306423">According to court documents, Miami-based U.S. District Judge K. Michael Moore ruled on Tuesday that the plaintiffs had not proven that the group of yacht brokerages, broker associations and a yacht listing service conspired to fix broker commissions. &nbsp;Judge Moore also remarked that it was not unreasonable for yacht brokerages to prefer doing business with sellers represented by agents. &nbsp;SuperYacht Times has reach out to the <a data-gid="gid://syiq/Company/6362" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYBA (Company)">International Yacht Brokers Association</a>, Boat Trader, Yacht World and Boats Group for further comment.

US yacht brokers secure victory in antitrust lawsuit over commission fees

A class-action lawsuit has been dismissed that accused the IYBA of charging boat sellers inflated sales commissions.

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Following the <a data-gid="gid://syiq/Event/234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2024">2024 Fort Lauderdale International Boat Show</a> and Donald Trump’s election as President of the United States, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> and <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> provide an update on key metrics of the US superyacht fleet and market. This report delves into the economic and political factors shaping the market in 2024, as well as the key trends to watch in the year ahead.<img src="https://photo-assets.superyachttimes.com/photo/336451/image/large-8646b2a10715e73e36c3682f9f3c706d.jpg" data-gid="gid://syiq/Photo/336451">Biggest owners, but not the biggest buildersAccording to the <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> annual report, <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2024" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2024</a>, US owners have the biggest share of the world fleet over 40 metres, with a 23.7% share of the number of yachts. Historically, US shipyards also had a large share of the superyacht new-build market, but their presence all but disappeared in the years following the global financial crisis of 2008. As of late 2024, the main remaining US players over 30 metres are <a data-gid="gid://syiq/Company/47" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Delta Marine (Company)">Delta Marine</a>, <a data-gid="gid://syiq/Company/217" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westport Yachts (Company)">Westport Yachts</a>, and <a data-gid="gid://syiq/Company/145" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burger Boat Company (Company)">Burger Boat</a>. <a data-gid="gid://syiq/Company/466" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Hatteras Yachts (Company)">Hatteras Yachts</a> has also extensively built yachts over 30 metres in the past, and is still capable of doing so. The same can be said for some of the dedicated US sportfisherman yacht builders, who still build a significant number of yachts between 24 and 30 metres each year.<img src="https://photo-assets.superyachttimes.com/photo/304581/image/large-3d2f28597b4ac5981aeebfd08c1f4ffe.jpg" data-gid="gid://syiq/Photo/304581">As US builders used to have a significant presence, it may come as no surprise that their share of the operating fleet over 30 metres is still quite large, at 785 yachts out of 6,006 a share of 13%. US yards’ share of the construction book over 30 metres is smaller however, with 10 yachts out of a total of 616, amounting to a share of just 1.6%.Shannon McCoy, Yacht Sales and Charter Consultant at <a data-gid="gid://syiq/Company/2529" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Worth Avenue Yachts (Company)">Worth Avenue Yachts</a> comments: “Many of my clients prefer US-built yachts, so it’s unfortunate that we’ve lost renowned American shipyards like <a data-gid="gid://syiq/Company/149" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christensen Shipyards, LLC. (Company)">Christensen</a>, <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity,</a> <a data-gid="gid://syiq/Company/121" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palmer Johnson Yachts (Company)">Palmer Johnson</a>, <a data-gid="gid://syiq/Company/613" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lazzara Yachts (Company)">Lazzara</a>, and custom Northwest yards such as <a data-gid="gid://syiq/Company/610" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northcoast Yachts (Company)">North Coast</a> and <a data-gid="gid://syiq/Company/735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northern Marine Co. LLC (Company)">Northern</a>. Many Americans want to support local businesses, and these yards produced – and continue to produce – exceptional yachts. It would be great to revive these lost brands, create US jobs, and deliver superb products once again from the US.”<img src="https://photo-assets.superyachttimes.com/photo/32303/image/large-4c9e3ae385bcf6e96f2d996d82ef2e9a.jpg" data-gid="gid://syiq/Photo/32303">US buyers continue to lead in new-build purchasesWhile domestic superyacht construction may have dwindled, the appetite of US buyers for new-builds has not. In fact, it rose sharply during the pandemic and has remained strong throughout 2024. Between 1 January 2019 and 30 September 2024, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> recorded 1,260 new-build sales worldwide over 30 metres, and for 939 of those, we have been able to identify at least the buying owner’s nationality. Of those 939, some 258 new yachts were bought by US owners, a share of 27%. In reality, the US share is probably even higher, as many new-build sales are not public and it may take some time to identify the buyer.&nbsp;The number of new-build purchases over 30 metres by US buyers peaked at 65 yachts in 2021. This number remained relatively steady in 2022, with 61 sales to US buyers, despite a declining market. During the same period, global sales of new-builds over 30 metres dropped by 20% in terms of the number of yachts sold. In 2023, there was a further decline, with sales dropping back to pre-Covid levels, reaching just 36 sales.<img src="https://photo-assets.superyachttimes.com/photo/335820/image/large-a26c598cab211aed815ee4bfa721defc.jpg" data-gid="gid://syiq/Photo/335820">Unfortunately, 2024 has so far been less favourable for new-build sales to US clients, with only 24 sales in the first three quarters, meaning the market could see around 32 sales by the end of the year if this trend continues. Nevertheless, the US market continues to occupy first place in worldwide new superyacht sales.<ul><li style="font-style: italic;">Further reading:&nbsp;<a href="https://www.superyachttimes.com/yacht-news/fort-lauderdale-international-boat-show-2024-seminars" rel="noopener noreferrer" target="_blank" title="">A full summary of the Fort Lauderdale International Boat Show 2024 seminars</a></li></ul>Looking at used yacht salesIn the used yacht market, American buyers leave an even greater mark. Since the beginning of 2019 until the end of September 2024, US buyers have accounted for 40% of the sold used yachts over 30 metres for which we know the buying owner’s nationality. A total of 2,098 used yachts were sold worldwide in this period, and for 1,373 of these, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> identified the buying owner’s nationality. 545 of these were US buyers, a share of 40%.<img src="https://photo-assets.superyachttimes.com/photo/335817/image/large-70c31922d53c49a7d29c1b0b708a2b9b.jpg" data-gid="gid://syiq/Photo/335817">As with new-build sales, sales of used yachts to US buyers peaked in 2021, at 170 yachts, but then started quite a steep downward trajectory, down to just 75 sales in 2023, which was below pre-COVID levels. In the first three quarters of 2024, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> noted a mere 36 used yacht sales to US buyers, which suggests the year could end on around 50 sales.According to Kevin Ralph, Yacht Consultant at <a data-gid="gid://syiq/Company/2529" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Worth Avenue Yachts (Company)">Worth Avenue Yachts</a>, this market contraction is interpreted as a “return to normal” after the brokerage boom witnessed during the COVID-19 pandemic. “The number of large superyachts sold, both in brokerage and new sales, was unprecedented during the COVID pandemic, peaking in 2021, leading to a significant run-up in pricing. As the saying goes, what goes up must come down.” Other factors contributing to this trend include economic and political uncertainty, causing many potential buyers to adopt a “wait and see” stance regarding yacht acquisitions or upgrades. This year has also seen a record number of elections, alongside continued instability in both the Middle East and Ukraine.<img src="https://photo-assets.superyachttimes.com/photo/338862/image/large-abbaa8c0aab5a21331add754c8b1bf89.jpg" data-gid="gid://syiq/Photo/338862">US Presidential electionsThe 2024 US presidential elections, held on 5 November, brought some predictability to what had been a year marked by uncertainty. “In a presidential election year, US superyacht sales tend to slow down as buyers often feel uncertain about the financial future. Many prefer to wait until after the election to make large purchases, like a yacht, once they have a clearer picture of the economic outlook,” explains <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> sales and charter broker Mark Elliott. This year, “inflation and market jitters” also compounded these effects, he adds.<img src="https://photo-assets.superyachttimes.com/photo/217589/image/large-e99ae030f5049a0678404c9d8941c3fe.jpg" data-gid="gid://syiq/Photo/217589">Kevin Ralph notes that “this slowdown began to be felt at <a data-gid="gid://syiq/Event/183" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fort Lauderdale International Boat Show - 2023">FLIBS 2023</a> and became more apparent at the <a data-gid="gid://syiq/Event/220" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palm Beach International Boat Show - 2024">Palm Beach International Boat Show</a> in March 2024.” He adds: “I don’t believe this is truly a slowdown when viewed against longer-term statistics, but given the unprecedented recent sales cycle, many will perceive it as such.” He also points out that “while the US presidential elections may have some effect on the market, they are not nearly as significant as the deflation of the sales cycle and pricing caused by the global COVID pandemic, which has no real equivalent in modern history.”Now that the election results are in, the market’s trajectory remains uncertain. Mark Elliott predicts that “uncertainty [will linger] until at least a month after the election, and it may take longer to stabilise.” He hopes for “price stabilisation, interest rate cuts, and a less volatile stock market” to boost confidence in the coming months.<img src="https://photo-assets.superyachttimes.com/photo/335703/image/large-eeea4c66d3eb6cc4371ee7c2007f2c31.jpg" data-gid="gid://syiq/Photo/335703">Looking ahead, Kevin Ralph believes that “the sales cycle will reset, regardless of which political party takes office; the only question is how significant the reset will be and how long it will be before it takes hold. We’ll have a much clearer picture after November, but I expect some confusion until January when the next president enters office. Then depending on which side wins, there will be some additional time while people work out the tax implications. Either way, I expect 2025 to continue at a more normalised pace.”Superyacht trends to watchMark Elliott observes that more buyers are “looking to charter their superyachts,” and expedition-style and support vessels are gaining popularity. While demand for superyachts over 80 metres remains strong, he expects this trend to unfold more slowly. Shannon McCoy highlights that the 70-metre-plus market has limited availability of well-priced late-model yachts.&nbsp;Her younger clients often seek larger spaces, expansive outdoor areas, bigger hot tubs, and floor-to-ceiling windows for natural light. Primary staterooms with private outdoor space are also in high demand. Brands like <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a>, <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a>, <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen</a>, and <a data-gid="gid://syiq/Company/217" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Westport Yachts (Company)">Westport</a> are frequently mentioned. Shannon McCoy further adds that the pandemic sparked interest in spending more time on the water, but many found smaller yachts lacked the necessary storage, range, and amenities, driving demand for larger, exploration yachts.<img src="https://photo-assets.superyachttimes.com/photo/335808/image/large-f78633fc2154007bc1ab933c4346d9e7.jpg" data-gid="gid://syiq/Photo/335808">Pierre Badin, Europe Broker with <a data-gid="gid://syiq/Company/833" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Denison Yachting (Company)">Denison Yachting</a>, highlights that sport fishing is particularly popular in the US, a trend not seen as much in Europe. “The first question I often get from American buyers is about the draft of the boat, which is something European buyers rarely ask. In the US, buyers want a boat with a shallow draft to get close to the beautiful beaches in the Bahamas,” he adds. Pierre Badin also highlights that American buyers typically purchase superyachts for the Caribbean season, which runs from Christmas to June. “Regardless of a global slowdown in superyacht sales, the US is still the largest buying segment and the most active brokerage market in Florida in the winter (and there’s still some great cruising in the Bahamas and Caribbean),” reminds Kevin Ralph.<img src="https://photo-assets.superyachttimes.com/photo/338863/image/large-1e155bf7c29dbd207464fbc1e99c7d6b.jpeg" data-gid="gid://syiq/Photo/338863">As the US superyacht sales market navigates economic and political uncertainty, including the impending presidential election, industry stakeholders remain cautious yet optimistic. While recent trends indicate a contraction, the resilience of American buyers and brokers will be crucial in adapting to the evolving landscape of superyacht sales in the coming year.

The US superyacht market in a nutshell

Post-FLIBS 2024 and Trump’s election, explore the US superyacht market trends, buyer preferences, and economic factors shaping the industry’s future.

In their latest financial disclosure, the Board of Directors of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, presided over by Chairman Massimo Perotti, convened to evaluate and endorse the financial results for the period ending on 30 September 2024.<img src="https://photo-assets.superyachttimes.com/photo/320979/image/large-649a94dae16898ab9df849136057ab5a.jpg" data-gid="gid://syiq/Photo/320979">Consolidated net revenues new yachts&nbsp;Net Revenues from new-build yachts (Net Revenue New Yachts) for the first nine months of 2024 reached €669 million, with €253.9 million generated in the third quarter alone. This marks a 6.9% increase from €626 million in the corresponding period of the previous year.&nbsp;For the first nine months of 2024, the Yacht Division reported Net Revenues New Yachts of €384.4 million. This figure is attributed to contributions from the initial sales of the SP92 and SL86-Asymmetric models, unveiled at the <a data-gid="gid://syiq/Event/210" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2024">2024 Cannes Yachting Festival,</a> as well as the pre-launch sales of the SD132 model.The Superyacht Division reported robust performance, recording Net Revenues New Yachts of €198 million for the first nine months of 2024. This marks a 15.4% increase compared to the same period in 2023, primarily driven by the continued success of the Steel line.The <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a> Division reported Net Revenues New Yachts of €69 million for the first nine months of 2024, representing a 3.1% increase from the same period in 2023.An additional contribution of €17.6 million was recorded by the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan Division</a>, which was consolidated starting from 1 August 2024. This figure represents revenues generated in just two months, August and September, of the nine-month reporting period.Furthermore, a geographical breakdown of net revenues shows a return to historical trends, with a more diversified mix than in 2023. The Americas experienced significant growth of 38.8%, while the Middle East and Africa (MEA) region saw robust development at 80%, and the Asia-Pacific (APAC) region had solid performance, increasing by 16.6%, though Mainland China was an exception. However, Europe experienced a 9%.&nbsp;Consolidated operating and net resultsEarnings before interest depreciation and amortisation (EBITDA) reached €123.6 million, an increase of 8.6% compared to €113.8 million in the first nine months of 2023. The margin on Net Revenues New Yachts stood at 18.5%, rising by 30 basis points from the previous year and by 50 basis points when excluding the impact of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a>'s consolidation.EBIT reached €97.5 million, marking a 6.8% increase from €91.3 million in the first nine months of 2023. The margin on Net Revenues New Yachts stood at 14.6%, reflecting the dilutive effect of <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a>'s consolidation. Excluding this impact, the margin would be 14.9%, a rise of 30 basis points from the previous year. <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan</a>'s comparatively smaller scale contributes to a higher incidence of depreciation and amortisation on revenues than the group average.Pre-tax profit reached €101 million, marking a 7.3% increase from the €94.1 million recorded in the first nine months of 2023. Similarly, the group net profit rose to €72.9 million, up by 9% from €66.9 million during the same period last year. The margin on Net Revenues New Yachts was 10.9%, an improvement of 20 basis points over the previous year, enhanced by net financial income of €3.4 million.<img src="https://photo-assets.superyachttimes.com/photo/298552/image/large-7852cafec36587fb5fa33772c6d2e93d.jpeg" data-gid="gid://syiq/Photo/298552">Consolidated balance sheet and financial resultsAs of 30 September 2024, net working capital stood at negative €4.2 million, marking a substantial improvement from negative €34.9 million as of 31 December 2023 and negative €59.5 million as of 30 September 2023. This shift indicates a normalisation of seasonality trends and order intakes in the post-COVID period, essentially neutralising the impact of net working capital on Net Revenues New Yachts .Inventories reached €153.6 million, reflecting increases of €68.2 million since 31 December 2023, and €79.5 million since 30 September 2023. These rises are primarily due to higher levels of raw materials and work-in-progress products, aimed at accelerating production to meet demand for the most sought-after models. Additionally, finished product inventories stood at €43.8 million, an increase of €21.8 million from the end of 2023.Organic net investments during 2024 amounted to €27.8 million, with 88% directed towards expanding industrial capacity and developing new models and product ranges. These investments represented 4.1% of Net Revenues New Yachts, reflecting a reduction driven by a growing revenue base, despite consistent investment levels required for new model development. Including the consolidation of the <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine Group</a> and the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a>, total investments rose to €162.1 million.The net cash position stood at €27.2 million, down from €140.5 million on 31 December 2023. This change reflects temporary cash absorption driven by key factors, including dividend payments of €34.6 million, organic net investments of €27.8 million, and extraordinary disbursements totalling €82.9 million. These disbursements included €5.4 million for treasury share purchases in Q3 and investments in M&amp;A. Specifically, the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a> acquisition impacted the net financial position by €53.6 million, comprising €32.4 million for a 60% stake purchase and €21.2 million for consolidating its financial position. The acquisition of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine Group</a> added €23.9 million to the total. Excluding these extraordinary disbursements, the net financial position would have been €110.1 million.<img src="https://photo-assets.superyachttimes.com/photo/289245/image/large-500b25b57fef38c2479f03d4e2bac261.jpg" data-gid="gid://syiq/Photo/289245">BacklogThe backlog as of 30 September 2024 stood at €1,719.9 million, including €128.7 million attributable to the newly acquired <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Swan Division</a>, up from €1,674.1 million a year earlier. This increase of €45.8 million reflects the contribution of the acquisition during the reporting period.Net backlog reached €1,050.9 million, compared to €950 million as of 30 June 2024, representing a coverage level exceeding 1.1 times the annual revenues – a figure higher than pre-COVID levels. For fiscal year 2024, the backlog provides strong visibility on future revenues, with €875.9 million (94% of the mid-point of the 2024 Net Revenues New Yachts Guidance) allocated to the current year and €844 million for subsequent years.Order intake for the first nine months of 2024 totalled €582.7 million, reflecting a normalisation compared to €604.5 million in the same period of 2023. This adjustment is attributed to the return of typical seasonality following the extraordinary post-COVID demand and extended delivery times for superyachts due to a high volume of pre-existing orders.2024 Guidance<a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> has reaffirmed its 2024 guidance for Net Revenues New Yachts, EBITDA, EBIT, Group Net Profit, and Investments. This outlook applies to both organic operations and a consolidated basis, incorporating the five-month contribution from the <a data-gid="gid://syiq/Company/313" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautor Swan (Company)">Nautor Swan Group</a> between August and December.In addition, the reabsorption of net working capital, achieved faster than initially anticipated, has led to a revision of the Organic Guidance for the Net Financial Position as of 31 December 2024. The new range is set at €110 to 120 million, down from the previously projected €160 to 170 million. This adjustment reflects improved financial dynamics compared to the negative level reported as of 30 September 2023.<img src="https://photo-assets.superyachttimes.com/photo/261779/image/large-7b5718deb5680c4926c86d70113ad2a3.jpg" data-gid="gid://syiq/Photo/261779">Massimo Perotti, Chairman and Chief Executive Officer of <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, commented: “In the first nine months of the year, the results once again confirm the solidity of our group, which continues to grow even in challenging environments, thanks to a balanced and carefully planned strategy. With a Net Backlog exceeding one billion euros, 90% of which is sold to final clients with whom we have established close and authentic relationships, we are immune to the stocking-destocking dynamics of distribution networks typical of players exposed to smaller-sized and/or lower-positioned product segments.”

Sanlorenzo reports a 9% increase in group net profit

The Board of Directors of Sanlorenzo have convened to evaluate and endorse the financial results for the period ending September 30, 2024.

A new 60-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Editions 60 yacht has arrived at the <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> shipyard in Vlissingen today, marking the next phase of her construction. <a data-gid="gid://syiq/Yacht/12431" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels 601060.0m (196'10&quot;)Amels2027">Hull 10</a> made the journey from the <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> hull-building facility in Gdynia, Poland and will now undergo full outfitting ahead of her scheduled delivery in 2027.<img src="https://photo-assets.superyachttimes.com/photo/365594/image/large-9733c089469101887b5bfe03f9de2f84.jpg" data-gid="gid://syiq/Photo/365594">Designed with exterior design by <a data-gid="gid://syiq/Company/82" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Espen Øino International (Company)">Espen Øino</a>, she features interior design by renowned designer <a data-gid="gid://syiq/Company/88" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Laura Sessa (Company)">Laura Sessa</a>, in her first collaboration on an <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 60 model. While <a data-gid="gid://syiq/Company/88" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Laura Sessa (Company)">Sessa</a> has worked with <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> on numerous previous projects, this marks a new chapter in the ongoing partnership between the Italian designer and the Dutch yard.Read: <a data-gid="gid://syiq/Article/62944" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels 60: Damen Yachting unveils interior designs by Harrison Eidsgaard, Winch Design & Laura Sessa (2025-03-25 14:30:00 +0100)">Amels 60: Damen Yachting unveils interior designs by Harrison Eidsgaard, Winch Design &amp; Laura Sessa</a><img src="https://photo-assets.superyachttimes.com/photo/365598/image/large-adc45333e539c141b1deb86c98a76a50.jpg" data-gid="gid://syiq/Photo/365598">“My team, our co-makers and I are excited to start the outfitting stage of this superyacht and look forward to working with <a data-gid="gid://syiq/Company/88" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Laura Sessa (Company)">Laura Sessa</a>'s team again given their extensive experience with the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> Limited Editions fleet,” commented Joppe Osté, Project Manager at <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a>.<img src="https://photo-assets.superyachttimes.com/photo/363109/image/large-1124072c0374c41a1dc4a8107f9da7a0.png" data-gid="gid://syiq/Photo/363109"><img src="https://photo-assets.superyachttimes.com/photo/353840/image/large-1c7f06947031542ee42aeb2f38e81325.jpg" data-gid="gid://syiq/Photo/353840">The <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 60 is part of the successful Limited Editions series, offering clients a proven technical platform with customisation opportunities. She can accommodate up to 12 guests across a six stateroom layout, with her master suite boasting a balcony overlooking the water to enhance her connection with the outdoor environment.<img src="https://photo-assets.superyachttimes.com/photo/353841/image/large-3ab5c53883915f5aa388bb8a1e5d722b.jpg" data-gid="gid://syiq/Photo/353841"><img src="https://photo-assets.superyachttimes.com/photo/353835/image/large-b2d63e0dfbb7497c357f3619101efc0e.jpg" data-gid="gid://syiq/Photo/353835"><img src="https://photo-assets.superyachttimes.com/photo/353837/image/large-ebfd1fef14a65ac9a289aa12cb3e5921.jpg" data-gid="gid://syiq/Photo/353837">Key features onboard include a beach club, a full dive centre and an abundance of outdoor spaces, providing entertainment and relaxation for those onboard. Additionally, the seventh <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 60 yacht boasts an extended sundeck which was first incorporated into the second hull of the series.<img src="https://photo-assets.superyachttimes.com/photo/353838/image/large-f00bbb839b392ab2446245d0cfde4cf5.jpg" data-gid="gid://syiq/Photo/353838"><img src="https://photo-assets.superyachttimes.com/photo/353836/image/large-384d3a6a2b0401c84721a9e29d027ede.jpg" data-gid="gid://syiq/Photo/353836">In terms of performance, the <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> 60 yacht 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, providing her with a cruising speed of 13 knots and a top speed of 15.5 knots. She will now undergo sea trials, before being delivered to owner. <img src="https://photo-assets.superyachttimes.com/photo/365599/image/large-65df616764857ce122468fee01edd5c2.jpg" data-gid="gid://syiq/Photo/365599">With seven units already on the water, Hull 10 is currently available and scheduled for delivery in 2027.

Amels 60 arrives in Vlissingen for outfitting

A new 60m Amels Limited Editions yacht has arrived in Vlissingen for outfitting ahead of her 2027 delivery by Damen Yachting.

Tenth Amels 60 yacht arrives in the Netherlands for outfitting

It is with great sadness that the yachting industry has learned of the death of crew member Paige Bell, who was found deceased onboard the 43.28-metre <a data-gid="gid://syiq/Company/1146" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Richmond Yachts (Company)">Richmond</a> motor yacht <a data-gid="gid://syiq/Yacht/1906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Far From It43.28m (141'12&quot;)Richmond Yachts2008">Far From It</a> near Harbour Island in the Bahamas on 3 July.<img src="https://photo-assets.superyachttimes.com/photo/365552/image/large-b9c4b80726637b327d025c64e7178a1b.png" data-gid="gid://syiq/Photo/365552">Bahamian police confirmed the death of South African national Paige Bell, who was found unresponsive onboard the yacht in the engine room. Fellow crew member, 39-year-old Mexican national Brigido Munoz has since appeared before magistrates in Nassau on suspicion of her murder. He was not required to enter a plea in his first court appearance but was denied bail and remanded to custody until his hearing in November.A <a href="https://www.gofundme.com/f/honoring-paige-bell-support-her-family?attribution_id=sl:fb58d4c0-5718-435b-b42e-60d1d4c6c3c9&lang=en_US&ts=1751782973&v=amp14_t2" rel="noopener noreferrer" target="_blank" title="">GoFundMe page</a> has been set up in honour of Paige by members of the <a data-gid="gid://syiq/Yacht/1332" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sweet Emocean35.46m (116'4&quot;)Azimut Yachts2005">Sweet Emocean</a> crew, where she had worked until December 2024. The tribute, shared by Captains Frank Prest, Stephan Coetzer and Arnold Heins, along with the owner’s representative and former colleagues, describes Paige as “more than a teammate, she was family.”While the full circumstances of Bell’s death remain under investigation, the incident has reignited attention around longstanding concerns regarding safeguarding and recruitment standards within the yachting sector.A <a href="https://www.change.org/p/make-criminal-background-checks-a-legal-requirement-to-apply-to-seafarers-internationally" rel="noopener noreferrer" target="_blank" title="">petition</a> calling for mandatory criminal background checks for all seafarers has gained renewed traction. Originally launched over two years ago by former yacht crew member and founder of recruitment agency <a data-gid="gid://syiq/Company/8293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crewfolio (Company)">CREWFOLIO</a>, Jessie Frost, the <a href="https://www.change.org/p/make-criminal-background-checks-a-legal-requirement-to-apply-to-seafarers-internationally" rel="noopener noreferrer" target="_blank" title="">petition</a> advocates for a standardised, global vetting protocol to enhance safety onboard. The <a href="https://www.change.org/p/make-criminal-background-checks-a-legal-requirement-to-apply-to-seafarers-internationally" rel="noopener noreferrer" target="_blank" title="">petition</a> has quickly gained traction, with many crew, welfare advocates and safety professionals voicing support.&nbsp;“It’s about creating long-term, systemic change,” explained Frost. “We have background checks in place for so many other safety-critical professions, so there’s no reason why yachting should be exempt.” At the time of publication, the <a href="https://www.change.org/p/make-criminal-background-checks-a-legal-requirement-to-apply-to-seafarers-internationally" rel="noopener noreferrer" target="_blank" title="">petition</a> stands at nearly 5,000 verified signatures. <img src="https://photo-assets.superyachttimes.com/photo/301013/image/large-91a68b857ce4af77efb70b69288901de.jpg" data-gid="gid://syiq/Photo/301013">In light of recent events, Frost has placed all <a data-gid="gid://syiq/Company/8293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Crewfolio (Company)">CREWFOLIO</a> recruitment activities on hold temporarily, announcing a new internal policy: from now on, all successful crew placements will undergo a certified global background check, funded directly by the agency.“We’re committed to doing this properly,” Frost said. “If I’m calling for reform, I need to demonstrate what that looks like in practice.” She is also advocating for these checks to eventually become part of the Maritime Labour Convention (MLC), akin to the requirement for STCW certification or the ENG1 medical certificate. “This shouldn’t just be a nice-to-have. It should be a global requirement.”While international frameworks such as the IMO’s STCW Convention and the ILO’s Maritime Labour Convention (MLC) establish minimum standards for seafarer training and working conditions, neither currently mandates criminal background screening.In the United States, the Coast Guard requires that seafarers undergo a criminal background check as part of the process of obtaining a Merchant Mariner Credential (MMC). However, this requirement applies only to individuals seeking a credential and does not apply to all seafarers working on vessels in U.S. waters.The <a href="https://www.change.org/p/make-criminal-background-checks-a-legal-requirement-to-apply-to-seafarers-internationally" rel="noopener noreferrer" target="_blank" title="">petition</a> by Frost urges industry regulators and stakeholders to implement standardised, ongoing background checks to enhance safety, protect crew and passengers and uphold the maritime sector’s reputation.Across the fragmented, privately managed superyacht fleet, standards vary widely. While many major brokerage houses and crew agencies conduct their own vetting procedures, there is no universal protocol in place.<img src="https://photo-assets.superyachttimes.com/photo/301015/image/large-fc3bb6cf80b7d7f220a53f4271ddba53.jpg" data-gid="gid://syiq/Photo/301015">The past year has seen a rise in discussions for greater transparency and accountability within yachting, particularly in light of reports around harassment, abuse and mental health challenges among crew. Crew members have increasingly spoken out about harassment, inappropriate conduct and a lack of reporting pathways onboard. While organisations such as ISWAN and Safer Waves offer confidential support, access remains inconsistent.“There is so much more we could be doing to protect vulnerable crew,” said Frost. “The more we talk about this and take action, the better the industry becomes for everyone.”As investigations into the death of Paige Bell continue, many in the yachting sector are taking time to reflect on what more can be done to ensure crew safety, enforce standards, and uphold the values of professionalism and care at sea. While it remains to be seen whether the incident will result in concrete policy changes, there is a growing sense that maintaining the status quo may no longer be an option.At the time of writing, the <a href="https://www.gofundme.com/f/honoring-paige-bell-support-her-family?attribution_id=sl:fb58d4c0-5718-435b-b42e-60d1d4c6c3c9&lang=en_US&ts=1751782973&v=amp14_t2" rel="noopener noreferrer" target="_blank" title="">GoFundMe</a> campaign established in Paige Bell’s memory has raised more than $50,000, with messages of support from across the yachting community.&nbsp;SuperYacht Times will continue to report as the investigation unfolds and as the industry explores pathways to improving safety, accountability and welfare for all crew.

Paige Bell: Petition calls for mandatory crew background checks

A petition has renewed calls for mandatory crew background checks after the death of stewardess Paige Bell in the Bahamas.

Petition calls for mandatory crew background checks

<a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack Yacht Design</a> and <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a> have announced that the 69-metre in-build sailing yacht <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a> is nearing completion. <img src="https://photo-assets.superyachttimes.com/photo/350492/image/large-af564ab8889b62f10941b3576181f8ac.jpg" data-gid="gid://syiq/Photo/350492">Described as the world’s first sailing superyacht engineered to operate entirely without fossil fuels, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a> was commissioned by Foundation Zero and is expected to launch at the end of 2025. <img src="https://photo-assets.superyachttimes.com/photo/365555/image/large-3e4c3785def9492eb29c6fc36025aea8.jpg" data-gid="gid://syiq/Photo/365555">Developed over more than 60,000 hours of research and engineering, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a> is a collaborative endeavour between <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>, <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a> and <a data-gid="gid://syiq/Company/230" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dykstra Naval Architects (Company)">Dykstra Naval Architects</a>, with input from a cross-disciplinary team of non-marine experts.<img src="https://photo-assets.superyachttimes.com/photo/365559/image/large-ac692ed7ac7c38b0d4e02b270ae811a1.jpg" data-gid="gid://syiq/Photo/365559"><a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a> is powered solely by renewable sources including wind, solar and thermal energy. All onboard systems including propulsion, lighting, hotel load and utilities operate on electricity stored in a five megawatt-hour battery system. To put that into perspective, this capacity is equivalent to the energy storage of approximately 88 Tesla vehicles.<img src="https://photo-assets.superyachttimes.com/photo/365562/image/large-a8c22ec46a0d4c4b0cdf888472138bd0.jpg" data-gid="gid://syiq/Photo/365562">The yacht harnesses energy while under sail through hydro-generating thrusters, while a 100-square-metre solar array captures both heat and light at 60 percent efficiency. A wind turbine adds further energy input, drawing power from offshore airflow.<img src="https://photo-assets.superyachttimes.com/photo/365561/image/large-7f9402d9eadb5d4f5705ae7af0d5a474.jpg" data-gid="gid://syiq/Photo/365561">“This project has always been about showing what’s possible,” commented Marnix Hoekstra, Co-Creative Director of <a data-gid="gid://syiq/Company/15" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vripack (Company)">Vripack</a>. “We wanted to demonstrate that comfort, design, and performance can coexist with fossil-free operation. Our goal wasn’t just to prove that a fossil-free superyacht is viable, it was to create a real-world model others can learn from.”<img src="https://photo-assets.superyachttimes.com/photo/365563/image/large-a86ed4f2cc44ee076dc65c02c70a6515.jpg" data-gid="gid://syiq/Photo/365563"><a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a>’s can accommodate up to 12 guests, with attention paid to utilising sustainable materials onboard. Leather made from pineskin, leathered marble that highlights rather than hides natural imperfections and locally sourced bespoke artworks inspired by global destinations all contribute to her eco-conscious interior design.<img src="https://photo-assets.superyachttimes.com/photo/365560/image/large-4df53f38fb3fb8ca70c6fdd4ef86844b.jpg" data-gid="gid://syiq/Photo/365560">“From the outset, this has been about building a yacht that reflects a future we all recognise is coming. It’s a privilege to help bring that future into reality,” added Louis Hamming of Vitters.Following the yacht’s technical launch, the project team will commence mast stepping and begin the process of activating the advanced systems onboard. Extensive sea trials will follow, testing <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a>’s renewable energy systems and the software designed to manage her operations. <img src="https://photo-assets.superyachttimes.com/photo/365565/image/large-5450b1ba57c618623873f9cb9eaa3c85.png" data-gid="gid://syiq/Photo/365565">All system data, designs and technical insights from the project will be made freely available via FoundationZero.org, with the aim of supporting designers, engineers and researchers in applying the same technologies to future projects.<img src="https://photo-assets.superyachttimes.com/photo/365564/image/large-5ecd045490f327e930a342f8c742649f.png" data-gid="gid://syiq/Photo/365564">“This project isn’t about showing how good we are, nor even specifically about the yacht itself,” concluded Eduard van Benthem, Executive Director of Foundation Zero. “We are really trying to showcase how we can do things better and inspire others to join us on the journey, to learn together and to share the knowledge.”<img src="https://photo-assets.superyachttimes.com/photo/365567/image/large-f8e82cf19c8160071e95f17897079b67.jpg" data-gid="gid://syiq/Photo/365567">In addition to private use and limited charter availability, <a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a> will also function as a platform for scientific research. The yacht will support studies in renewable marine technology and ocean sustainability, helping to shape a cleaner and more innovative future for the yachting industry.<a data-gid="gid://syiq/Yacht/12410" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Zero69.0m (226'5&quot;)Vitters Shipyard2025">Project Zero</a> has an expected delivery date of 2026, more than seven years since the initial idea was conceived.<img src="https://photo-assets.superyachttimes.com/photo/365568/image/large-ddd95d9367bf908ff3b5c55c8692405f.jpg" data-gid="gid://syiq/Photo/365568">

Project Zero: World's First Fossil-Free Sailing Superyacht Nears Completion

The 69m sailing yacht Project Zero, the world’s first fossil-free superyacht, is nearing completion and set to launch by the end of 2025.

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69m fossil-free Vitters yacht Project Zero nears completion

The 52.5-metre <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia Yachts</a> superyacht <a data-gid="gid://syiq/Yacht/11494" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limerence52.5m (172'3&quot;)Alia Yachts2025">Limerence</a> was delivered earlier this year and is available for charter with <a data-gid="gid://syiq/Company/6451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christie Yachts (Company)">Christie Yachts</a>. SuperYacht Times takes a closer look onboard.<img src="https://photo-assets.superyachttimes.com/photo/363437/image/large-5204bbce9aa8047052afc629227b6a36.jpg" data-gid="gid://syiq/Photo/363437">Being a custom built-yacht, <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia Yachts</a> describes the vision for <a data-gid="gid://syiq/Yacht/11494" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limerence52.5m (172'3&quot;)Alia Yachts2025">Limerence</a> as “a vessel that merged the rugged, operational might of a support platform with the complete lifestyle and luxury experience of a standalone superyacht.”<img src="https://photo-assets.superyachttimes.com/photo/363445/image/large-5478508d7bf696a555750f3d98e9ebf0.jpg" data-gid="gid://syiq/Photo/363445"><img src="https://photo-assets.superyachttimes.com/photo/363440/image/large-9a7cc3601521f2292035d5666525db44.jpg" data-gid="gid://syiq/Photo/363440">The superyacht features naval architecture and exterior design from <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>, while her interior design was from the drawing boards of <a data-gid="gid://syiq/Company/8282" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Michael Smith Inc. (Company)">Michael Smith</a>.<img src="https://photo-assets.superyachttimes.com/photo/363443/image/large-0dc317b655360fb3fb59cf67fdff8537.jpg" data-gid="gid://syiq/Photo/363443">The vessel can accommodate up to six guests in three staterooms consisting of one master suite with a lounge area that can be converted to provide sleeping accommodations for two children. The other two suites are convertible between double and twin which offers great flexibility based on the composition of the guests onboard.<img src="https://photo-assets.superyachttimes.com/photo/363452/image/large-b0cbd2f8cb63ee33ae21a09eecc911c9.jpg" data-gid="gid://syiq/Photo/363452">At the lower deck, a unique sports room replaces the traditional main saloon, equipped with a coffee station and a lounge area. Meanwhile, at the bridge deck is a spacious saloon that opens out to a dining area ideal for alfresco dining.<img src="https://photo-assets.superyachttimes.com/photo/363442/image/large-c3753d3461f334304c60edea7a3ddf18.jpg" data-gid="gid://syiq/Photo/363442"><img src="https://photo-assets.superyachttimes.com/photo/363454/image/large-214ba8c1a6c159e206954d9f49fb25e6.jpg" data-gid="gid://syiq/Photo/363454">Below the helideck, a spacious garage carries toys for fun and adventure. <a data-gid="gid://syiq/Yacht/11494" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limerence52.5m (172'3&quot;)Alia Yachts2025">Limerence</a> stores four performance tenders, including a custom Wajer 38S, a 12.5-metre X-Tender, a SkiNautique GS20, and a rescue RIB. Aside from those are jet skis, foil boards,seabobs, dive scooters, kite and windsurfing gear, e-bikes, two sailing catamarans, two sailing dinghy’s and other toys. <img src="https://photo-assets.superyachttimes.com/photo/363447/image/large-0387cf9a0e9e94e32cc06cb45cc55a4c.jpg" data-gid="gid://syiq/Photo/363447">The helideck also transforms into a sports court that can be enclosed by netting and inflatable supports, ideal for basketball, volleyball, pickleball, and football. On top of that, golfing and laser clay shooting can also be played on the court.<img src="https://photo-assets.superyachttimes.com/photo/363455/image/large-8c332818e538761ddafa88e4f6564a8f.jpg" data-gid="gid://syiq/Photo/363455"><a data-gid="gid://syiq/Yacht/11494" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limerence52.5m (172'3&quot;)Alia Yachts2025">Limerence</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 10 knots and a top speed of 15 knots.<img src="https://photo-assets.superyachttimes.com/photo/363444/image/large-7769b7ff133215430f7b39da274facbd.jpg" data-gid="gid://syiq/Photo/363444">“It's the special genius of this design that <a data-gid="gid://syiq/Yacht/11494" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Limerence52.5m (172'3&quot;)Alia Yachts2025">Limerence</a> is at once a hugely capable standalone superyacht and a peerless support vessel brimming with toys and amenities, she represents not only the adventurous spirit of her owner, but also <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia</a>’s full-custom building ethos. Every inch was drawn, engineered, and built from a blank page,” commented Gökhan Çelik, president of <a data-gid="gid://syiq/Company/2496" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alia Yachts (Company)">Alia Yachts</a>.All images courtesy of&nbsp;<a data-gid="gid://syiq/Company/6451" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Christie Yachts (Company)">Christie Yachts</a>.

Onboard the Alia Yachts superyacht Limerence

SuperYacht Times takes a look onboard the new Alia Yachts superyacht Limerence.

Onboard the 53m Alia Yachts superyacht Limerence

<a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut Yachts</a> has unveiled the latest evolution of its flagship with the new 38.22-metre Grande Trideck yacht. Set to make her debut at the <a data-gid="gid://syiq/Event/269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2025">Cannes Yachting Festival</a> in September, she introduces a fresh interior concept designed by Milan-based studio <a data-gid="gid://syiq/Company/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a> and exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini Yacht Design</a>. <img src="https://photo-assets.superyachttimes.com/photo/365575/image/large-817df5aa1ed8b4ad82ba5b3d705c9239.jpg" data-gid="gid://syiq/Photo/365575">As part of a broader strategy that emphasises constant evolutionary research, &nbsp;the new Trideck reflects a shift toward refined informality and tailored design, setting a new tone for the future of the range. The design philosophy behind the new Grande Trideck is rooted in what <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> and m2atelier describe as “barefoot luxury.” <img src="https://photo-assets.superyachttimes.com/photo/365589/image/large-ebb0edce9836adfe7248c59eeea33b03.jpg" data-gid="gid://syiq/Photo/365589">This approach, which is said to be the opposite of opulence, instead aims to emphasise simplicity, tactile elegance and a sense of relaxed sophistication. “We like to insist on informal living onboard,” said Marijana Radovic, co-founder of <a data-gid="gid://syiq/Company/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a>. <img src="https://photo-assets.superyachttimes.com/photo/365578/image/large-f6a705a8bcaed730b78ecb3dd17e8185.jpg" data-gid="gid://syiq/Photo/365578">“We’re going for the opposite side of opulence, we instead want to create a relaxing atmosphere. Everything is modern, clean and calibrated into just a few materials. We don’t shout; we whisper.”<img src="https://photo-assets.superyachttimes.com/photo/365579/image/large-913584e5bc4b8e3323f33027f9823ab9.jpg" data-gid="gid://syiq/Photo/365579">This minimalist palette allows the richness of the materials to come forward, with the emphasis placed on texture, softness and an architectural layering of space and light. The interior reveals its charm gradually, with Radovic adding, “Every time you spend a day onboard, you will discover something new. We hope owners will keep finding these small, thoughtful details as they live with the yacht.”<img src="https://photo-assets.superyachttimes.com/photo/365588/image/large-dc2a0c4fe0bf556902e8e59092295813.jpg" data-gid="gid://syiq/Photo/365588">According to Federico Lantero, <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>’s Head of Product Design, the collaboration with m2atelier marks a new chapter in the yard’s pursuit of design innovation. “At <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>, one of our guiding principles is what we call the ‘never-ending challenge’, the constant commitment to renewing our offer to the market,” he explained. <img src="https://photo-assets.superyachttimes.com/photo/365581/image/large-b088f8cb21993cfc122e951a9e6e6f85.jpg" data-gid="gid://syiq/Photo/365581">“We decided more than three years ago to seek out new partners to help us redefine the interior identity of the Grande line. This is not just an aesthetic refresh, it is a comprehensive design philosophy.”<img src="https://photo-assets.superyachttimes.com/photo/365582/image/large-605e8093edad9f72f4fbead5c2a6c7d1.jpg" data-gid="gid://syiq/Photo/365582"><a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>’s ‘integral design’ approach allows design partners like m2atelier full responsibility over the spatial architecture, furniture and material choices, right down to the precise height of a headrest. “This allows for complete coherence,” said Lantero. “It’s about achieving the utmost level of sophistication and functionality.”<img src="https://photo-assets.superyachttimes.com/photo/365583/image/large-cf7d2f8ec9479232cafd30753e881b70.jpg" data-gid="gid://syiq/Photo/365583">Among the standout features of the new Grande Trideck is her redesigned main saloon. Here, a pleated Alcantara curtain, reminiscent of stage drapery, elegantly unveils a TV screen, offering either intimacy or openness depending on the mood onboard. “We call it a revealing wall,” said Radovic. “It’s crafted from two different materials and casts beautiful shadows throughout the day. When closed, it’s a feature wall when open, it reveals a hidden TV. It’s both art and function.”<img src="https://photo-assets.superyachttimes.com/photo/365580/image/large-0f6397cb16646e75cd395fdfd6172af8.jpg" data-gid="gid://syiq/Photo/365580">The design of the master suite also departs from convention, offering layered partitions and a layout that encourages spatial flow without the need to open or close doors. “You can see through the yacht from the main saloon to the owner’s suite and even outside the window,” explained Radovic. “It feels open, yet private.”<img src="https://photo-assets.superyachttimes.com/photo/365585/image/large-7517005640dcea738446b4299119401d.jpg" data-gid="gid://syiq/Photo/365585">Lighting plays an essential role in defining the mood. Rather than being an afterthought, it is integrated into the architecture itself. “The lighting was born with the space,” said Radovic. “It’s part of the form, not an addition to it.”<img src="https://photo-assets.superyachttimes.com/photo/365577/image/large-5a897f9e7f4f1d6d4594c02515ffe096.jpg" data-gid="gid://syiq/Photo/365577">A highlight of the exterior redesign is the skylounge, which features a convertible dining area. As Lantero noted, “Depending on the moment of the day, it can be a media room, a formal dining area or a lounge that opens up to the upper deck. The table itself transforms from a coffee table to a full dining table for up to 12 people. It’s a true response to how clients now prefer to live onboard.”<img src="https://photo-assets.superyachttimes.com/photo/365584/image/large-52d9093609e1c58379c98035f1078b71.jpg" data-gid="gid://syiq/Photo/365584">The Trideck’s foredeck now features a recessed pool with an integrated chaise longue and an arched rotating sunpad backrest, demonstrating <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a>’s continued focus on liveable, multi-functional outdoor spaces.<img src="https://photo-assets.superyachttimes.com/photo/365586/image/large-89872d90ee9a2113558bbae21b4373bc.jpg" data-gid="gid://syiq/Photo/365586">The new Trideck is one of three models, alongside the Grande 30M and Grande 36M that m2atelier was tasked with redesigning in parallel. The challenge was to create a recognisable signature across very different sizes and layouts. The brand-new Grande 30M model will be launched in Cannes, with concept and exterior design by <a data-gid="gid://syiq/Company/3025" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alberto Mancini Yacht Design (Company)">Alberto Mancini</a> and interior design by <a data-gid="gid://syiq/Company/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a>. <img src="https://photo-assets.superyachttimes.com/photo/365587/image/large-192503ac9252bd98f067dc7d6de49261.jpg" data-gid="gid://syiq/Photo/365587">“Each model had to have its own character, but with a clear family resemblance,” said Marco Bonelli, co-founder of <a data-gid="gid://syiq/Company/5407" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="m2atelier (Company)">m2atelier</a>. “We worked with clean architectural blocks, subtle curves, and precise lines. Even the diagonal lines of the furniture serve to cocoon the user, they create intimacy without traditional curvature.”<img src="https://photo-assets.superyachttimes.com/photo/365571/image/large-91eca349646ae8fa49670259c9ac4a03.jpg" data-gid="gid://syiq/Photo/365571">Staircases on the Grande 30M and 36M were also completely reimagined, placed precisely above each other to create a striking architectural feature that offers perspective and vertical clarity. “It’s all about enhancing the perception of space,” said Bonelli. “The result feels simple and natural, but achieving that simplicity took a huge amount of design effort.”<img src="https://photo-assets.superyachttimes.com/photo/365576/image/large-38b8c15c9eb1c2b3840c11291a14c7d1.jpg" data-gid="gid://syiq/Photo/365576">Although the first m2atelier-designed Grande Trideck is only just being delivered, market response has already been strong. “We’ve sold seven units before anyone has even stepped onboard,” confirmed Lantero. “And the Grande 30M has already reached eight pre-sales. This shows the appeal is not limited to one region, we’ve seen interest from China, Japan, the USA and beyond.”The Grande Trideck will make its public debut at the <a data-gid="gid://syiq/Event/269" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cannes Yachting Festival - 2025">Cannes Yachting Festival</a> this September, alongside the new Grande 30M and 36M.

Azimut Grande Trideck: Interiors of flagship yacht unveiled

Azimut Yachts has unveiled the latest evolution of its flagship with the new 38.22-metre Grande Trideck yacht, with interiors by m2atelier. 

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A first look onboard the new 38m Azimut Grande Trideck yacht with interior designers m2atelier

<a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yachts</a> has released images of the 35.46-metre <a data-gid="gid://syiq/Company/358" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azimut Yachts (Company)">Azimut</a> motor yacht <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights</a> following an extensive 45-day refit carried out between July and September 2024.<img src="https://photo-assets.superyachttimes.com/photo/365511/image/large-0fa4c668da228d126c9b500a19bb98b4.jpg" data-gid="gid://syiq/Photo/365511">The flybridge charter yacht, formerly named Claudia and Cheers 46, features exterior styling by <a data-gid="gid://syiq/Company/254" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stefano Righini Design (Company)">Stefano Righini Design</a> with interiors crafted by <a data-gid="gid://syiq/Company/436" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Galeazzi Design (Company)">Galeazzi Design</a>.<img src="https://photo-assets.superyachttimes.com/photo/365517/image/large-0dd58c493415c69a87d14fd7aaae53d8.jpg" data-gid="gid://syiq/Photo/365517">Owned by Long Island entrepreneur Lee Mandel, the refit was personally overseen by him. “He began the full time job of planning nine months in advance, ensuring all materials were secured and waiting at the shipyard before work commenced,” said <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY</a>. <img src="https://photo-assets.superyachttimes.com/photo/365512/image/large-464ce55cef09b4d12fe71cb58a12143e.jpg" data-gid="gid://syiq/Photo/365512">Works included a full repaint of the superstructure, replacing the previous metallic finish with a non-metallic grey that allows for seamless touch-ups without the need for dry docking. A layer of internal paint protection was also applied to preserve the finishes.<img src="https://photo-assets.superyachttimes.com/photo/365515/image/large-bfc73ee5ed3088ed4660dabc0a6e2763.jpg" data-gid="gid://syiq/Photo/365515">The interiors were enhanced with advanced lighting and audio upgrades, along with new housewares and bedding to elevate the onboard atmosphere. For improved climate control, the chiller plants were replaced to ensure continuous air conditioning. <a data-gid="gid://syiq/Yacht/2614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tail Lights35.46m (116'4&quot;)Azimut Yachts2011">Tail Lights’</a>&nbsp; Starlink system was also upgraded to provide fast and reliable connectivity at sea.<img src="https://photo-assets.superyachttimes.com/photo/365516/image/large-729edb330a6b7dbf4f934b29bb7e56cc.jpg" data-gid="gid://syiq/Photo/365516">On the mechanical side, the yacht received a brand new fuel filtration system with three stages of protection, ensuring clean fuel supply to the engines. Both the engines and generators were also fully replaced.<img src="https://photo-assets.superyachttimes.com/photo/365513/image/large-b57c2b948784ae8c3a8ad2993ebb415c.jpg" data-gid="gid://syiq/Photo/365513">“This recent refit unlocks a new chapter for the vessel, its crew, and charter clients seeking an extraordinary onboard experience,” concluded <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY</a>.All photos provided courtesy of <a data-gid="gid://syiq/Company/2223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="HMY Yacht Sales (Company)">HMY Yachts</a>.

yacht Tail Lights post refit

HMY Yachts has released images of the 35.46-metre Azimut motor yacht Tail Lights following an extensive 45-day refit.

35m Azimut motor yacht Tail Lights completes refit

The 24-metre <a data-gid="gid://syiq/Company/1158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef Yachts (Company)">Sunreef</a> catamaran yacht <a data-gid="gid://syiq/Yacht/15283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Good Day Sunshine24.0m (78'9&quot;)Sunreef Yachts2024">Good Day Sunshine</a> is on the market with Crispin Baynes and Thibault Roi of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>.<img src="https://photo-assets.superyachttimes.com/photo/356562/image/large-6a988d77f1b5a4039a3b33bd0bef70c7.jpeg" data-gid="gid://syiq/Photo/356562">The <a href="https://www.superyachttimes.com/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> features naval architecture along with exterior and interior design all penned by her Polish builder. Launched at the end of 2024, the <a data-gid="gid://syiq/YachtModel/8166" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunreef 8024.4m (80'1&quot;)">Sunreef 80</a> yacht showcases a multihull design and a sleek, modern profile. Combined with her generous layout, this makes her well-suited for long-range cruising.<img src="https://photo-assets.superyachttimes.com/photo/356553/image/large-aa05fde31979a30fb9f8591023b22b59.jpg" data-gid="gid://syiq/Photo/356553">Her main saloon is fitted with neutral-toned twin L-shaped sofas, enhanced by ambient lighting and panoramic windows. This space leads to the formal dining area just behind the helm station, while forward lies the expansive full-beam bow terrace of the <a href="https://www.superyachttimes.com/yachts/motor/for-sale" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a>. <img src="https://photo-assets.superyachttimes.com/photo/356556/image/large-019d56eb1cdade8c2c259d5cb16a34c8.jpg" data-gid="gid://syiq/Photo/356556">The <a href="https://www.superyachttimes.com/yachts/good-day-sunshine" rel="noopener noreferrer" target="_blank" title="">yacht Good Day Sunshine for sale</a>, can accommodate up to 10 guests across four well-appointed staterooms located on the lower deck. The layout includes a spacious convertible VIP suite, two oversized double suites and a twin suite, all with private en suite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/356552/image/large-bba97af610fccc36b81af1be85f95903.jpg" data-gid="gid://syiq/Photo/356552">The interior flows seamlessly into the exterior spaces, where guests can enjoy an alfresco dining area complemented by sunbeds and loungers aft. Above, the sundeck offers a sociable space with a walk-up bar to port and a U-shaped seating area aft.<img src="https://photo-assets.superyachttimes.com/photo/356551/image/large-9e23fe8bed50ffcbec10f5fe81cfc9c0.jpg" data-gid="gid://syiq/Photo/356551"><a data-gid="gid://syiq/Yacht/15283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Good Day Sunshine24.0m (78'9&quot;)Sunreef Yachts2024">Good Day Sunshines'</a> shallow 1.7-metre draft allows her to anchor in waters such as those around the Bahamas. In terms of performance, the <a href="https://www.superyachttimes.com/yachts/sunreef-yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">Sunreef yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1441" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MAN (Company)">MAN</a> engines, delivering a cruising speed of 10 knots and a top speed of 19 knots.

Sunreef yacht Good Day Sunshine for sale

The 24-metre Sunreef catamaran yacht Good Day sunshine is on the market, with Crispin Baynes and Thibault Roi of Burgess.

24m Sunreef catamaran yacht Good Day Sunshine for sale

<img src="https://photo-assets.superyachttimes.com/photo/365251/image/large-e57ecf3a5604ec9445c49b9f9b9d26ca.jpg" data-gid="gid://syiq/Photo/365251">Last week, the 60.35-metre superyacht <a data-gid="gid://syiq/Yacht/5597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rock.It60.35m (197'12&quot;)Feadship2014">Rock.It</a>, built by <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> in 2014, was seen cruising here in Syros, Greece. Fresh from maintenance works at <a data-gid="gid://syiq/Company/97" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MB92 Barcelona (Company)">MB92 Barcelona</a> completed in April, <a data-gid="gid://syiq/Yacht/5597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rock.It60.35m (197'12&quot;)Feadship2014">Rock.It</a> presents <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot Yacht Architecture &amp; Design</a>’s signature exterior and interior styling, with her hull and performance engineered by <a data-gid="gid://syiq/Company/30" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="De Voogt Naval Architects (Company)">De Voogt Naval Architects</a>. Her sundeck boasts a glass-bottom plunge pool and extended alfresco bar, while bespoke teak loungers and a shaded gym loft invite relaxation and fitness under the Aegean sun. Inside, <a data-gid="gid://syiq/Company/926" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sinot Yacht Architecture & Design (Company)">Sinot</a>’s signature light oak and onyx decor frames a cinema saloon with 12 leather recliners, a cocktail bar and panoramic windows. Sleeping 12 guests in six staterooms, <a data-gid="gid://syiq/Yacht/5597" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rock.It60.35m (197'12&quot;)Feadship2014">Rock.It</a> can comfortably cruise at 12 knots with a maximum speed of 15 knots, powered by twin <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> diesel engines.If you would like to see your photo featured each day, then send your submissions to&nbsp;<a href="mailto:news@superyachttimes.com" target="_blank">news@superyachttimes.com</a>.

60m Feadship superyacht Rock.It in Syros

The 60m superyacht Rock.It, built by Feadship in 2014, was observed last week cruising in Syros, Greece.

According to footage circulating on social media, the 41.25-metre <a data-gid="gid://syiq/Company/728" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="W.A. Souter & Sons (Company)">W.A. Souter &amp; Sons</a> superyacht <a data-gid="gid://syiq/Yacht/1010" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Lady II41.25m (135'4&quot;)W.A. Souter & Sons1986">Sea Lady II,</a> previously known as D'Angleterre II, was engulfed in flames on Thursday evening in Port de Saint Tropez, France.<img src="https://photo-assets.superyachttimes.com/photo/365510/image/large-0795b9dda81e04715c1b877af6b2b5fc.jpg" data-gid="gid://syiq/Photo/365510">According to local media reports, smoke was first reported shortly after 20:00. Flames broke out in the bow area of <a data-gid="gid://syiq/Yacht/1010" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Lady II41.25m (135'4&quot;)W.A. Souter & Sons1986">Sea Lady II</a> and then spread to the lower decks. Two people, believed to be crew members aged 24 and 35, were rescued and are reported to be suffering from smoke inhalation. While the worst of the blaze was brought under control by midnight, firefighters reported difficulties boarding the yacht. A spokesperson from the fire department stated that surrounding yachts were quickly moved to safety and anti-pollution barriers were deployed.<img src="https://photo-assets.superyachttimes.com/photo/365519/image/large-dcdba5f19a4dfeb1fc97dd4b6f2748c6.jpg" data-gid="gid://syiq/Photo/365519">Read:&nbsp;<a data-gid="gid://syiq/Article/61337" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title=" SYT iQ Insight: Are yacht casualties on the rise? (2024-08-29 11:30:00 +0200)">&nbsp;SYT iQ Insight: Are yacht casualties on the rise?</a>Delivered in 1986, <a data-gid="gid://syiq/Yacht/1010" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Lady II41.25m (135'4&quot;)W.A. Souter & Sons1986">Sea Lady II</a> was designed by <a data-gid="gid://syiq/Company/353" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Don Shead Yacht Design (Company)">Don Shead Yacht Design</a>, which was responsible for both the naval architecture and exterior styling, while the interior was created by <a data-gid="gid://syiq/Company/77" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Frédéric Mechiche (Company)">Frédéric Mechiche</a>.She is able to accommodate up to 10 guests across five staterooms, although it remains unclear whether anyone was onboard at the time the fire broke out.<img src="https://photo-assets.superyachttimes.com/photo/89464/image/large-3ee2cb3bd50aa1bafa611f85816fa749.jpg" data-gid="gid://syiq/Photo/89464"><a data-gid="gid://syiq/Yacht/1010" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sea Lady II41.25m (135'4&quot;)W.A. Souter & Sons1986">Sea Lady II</a> has an aluminium hull and aluminium superstructure and is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, providing a cruising speed of 12 knots and a top speed of 16 knots.SuperYacht Times will continue to monitor the situation and provide updates as more information becomes available.

41m superyacht Sea Lady II on fire in St Tropez

According to footage circulating on social media Sea Lady II is currently on fire in Port de Saint Tropez, France.

Update: 41m superyacht Sea Lady II on fire in Port de Saint Tropez, France

Those who are familiar with <a data-gid="gid://syiq/Yacht/2423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blade II44.7m (146'8&quot;)MMGI Shipyard2010">Blade II</a>, might only recognise her from her name and shape after an extensive, multi-million dollar refit. There is little that hasn’t been upgraded; from her fin stabiliser and brand new navigation systems to a walk-in closet and fully rebuilt crew quarters. This 44.7-metre super yacht is currently for sale with Maria Razumi of <a data-gid="gid://syiq/Company/5144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Smart Yachts (Company)">Smart Yachts</a>. <img src="https://photo-assets.superyachttimes.com/photo/365481/image/large-1c3e9db9cfae322dad3d485a05d3c9ba.jpg" data-gid="gid://syiq/Photo/365481">At first glance, her exterior upgrades are most notable; a fresh coat of paint for her alluminum hull and superstructure (dark blue). Most significantly, she now features a new arrangement of the sky lounge and bar. Her insides, too, have received an upgrade. Alongside the brand new wiring, cabling, and piping, there is also a new navigation system onboard, accompanied by a rebuild of the wheelhouse.<img src="https://photo-assets.superyachttimes.com/photo/365485/image/large-52d1cef5fcd1edb468eda07d42904705.jpg" data-gid="gid://syiq/Photo/365485"><img src="https://photo-assets.superyachttimes.com/photo/365484/image/large-2496747fe0d46393c62b1d8b67f13dc9.jpg" data-gid="gid://syiq/Photo/365484">There is a newly-designed master suite with large windows and a walk-in closet that used to be an elevator. Designed in soothing shades of white, cream and grey, the staterooms match her dark-blue exterior and teak upper deck, where the sky lounge has been organised for optimal relaxation: luxurious lounge beds, broad beach beds and a long dining table ideal for dinner parties.<img src="https://photo-assets.superyachttimes.com/photo/365478/image/large-04c56135ddb32eb7e06c0e74d5a9a6ec.jpg" data-gid="gid://syiq/Photo/365478">This sleek motor yacht, originally built in 2010, is the largest yacht built by the Italian shipyard MMGI. While she had multiple interior and exterior designers when built (naval architecture by <a data-gid="gid://syiq/Company/177" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Navirex s.r.l. (Company)">Navirex</a> and <a data-gid="gid://syiq/Company/1234" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrabito Naval Architects (Company)">Arrabito Naval Architects</a>, exterior by <a data-gid="gid://syiq/Company/1363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A Lab (Company)">A Lab</a> and <a data-gid="gid://syiq/Company/2445" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dobroserdov Design (Company)">Dobroserdov Design</a> and interior by <a data-gid="gid://syiq/Company/1363" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="A Lab (Company)">A Lab</a>), only Riccardo Solari, of <a data-gid="gid://syiq/Company/8291" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Solari Design (Company)">Solari Design</a>, has been put in charge of the refit.<img src="https://photo-assets.superyachttimes.com/photo/365483/image/large-8157d40c203bfcfe23b7af0e1bca76ad.jpg" data-gid="gid://syiq/Photo/365483"><img src="https://photo-assets.superyachttimes.com/photo/365482/image/large-4af1d21e50d7f1a850dc6a7b6385da7a.jpg" data-gid="gid://syiq/Photo/365482">His vision has also made upgrades not only for guests, but for <a data-gid="gid://syiq/Yacht/2423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blade II44.7m (146'8&quot;)MMGI Shipyard2010">Blade II</a>’s crew as well. All crew quarters have been fully re-build and the galley and pantry have also been refitted. In addition to 10 guests, the superyacht can accommodate a crew of eight in four cabins.<img src="https://photo-assets.superyachttimes.com/photo/365486/image/large-06ccef0f83fb324b1aa5cac4c371f191.jpg" data-gid="gid://syiq/Photo/365486">The yacht’s saloon has also been redesigned, with a focus on space for entertaining guests, while the new fin stabilisers ensure smooth sailing at her 16 knot cruising speed. <a data-gid="gid://syiq/Yacht/2423" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Blade II44.7m (146'8&quot;)MMGI Shipyard2010">Blade II</a>’s twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines and &nbsp;<a data-gid="gid://syiq/Company/1733" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vericor (Company)">Vericor</a> engine reach a top speed of 34 knots. She has also received a new custom made Castoldi tender.<img src="https://photo-assets.superyachttimes.com/photo/365479/image/large-bf9cd7318082ea44ad572db1709a7e23.jpg" data-gid="gid://syiq/Photo/365479">

Blade II: Onboard the 45m multi-million dollar superyacht refit

A first look onboard the 45m MMGI superyacht Blade II, following her multimillion-dollar refit.

A multimillion-dollar refit: Onboard the 45m MMGI superyacht Blade II

United Arab Emirates

The Gulf Superyacht Summit 2023, previously known as The International Superyacht Summit was acquired by <a href="https://www.superyachttimes.com/" target="_blank">SuperYacht Times</a> in May 2022. Held under the patronage of <a href="https://www.pnomarinas.com/" target="_blank">P&amp;O Marinas</a>, the 2-day annual event seeks to inform, assist and advise yachting clients and related interested parties, with the goal to develop the Gulf as a superyacht winter destination. The Gulf region is of growing importance to the superyacht industry. Dubai has some of the biggest marina developments in the world and the annual Formula 1 event in Abu Dhabi attracts a large crowd of superyachts. A growing number of yachts are using the UAE as a hub from where they travel further east to places like the Seychelles, Maldives, Indonesia and Thailand. Not only is the region establishing itself as a superyacht hub, but also Dubai aims to become the crypto capital of the world. With a lot of new wealth being created in this market sector, the region will also be of growing importance to yacht builders and brokers looking to engage with new clients.

Yas Marina Abu Dhabi

Gulf Superyacht Summit

Netherlands

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