SYT Synopsis: A rundown of March

The SuperYacht Times Synopsis, as brought to you by SYT iQ, gives you the rundown of the top business stories and market reports from last month.    

Big five business readsPalm Beach International Boat Show 2018Photo: Charl van Rooy / SuperYacht TimesDenison Yachting to be sold to OneWater Marine

OneWater Marine has just released the news that it has reached an agreement to purchase American yacht brokerage firm Denison Yachting. Bob Denison joined SYT to talk further about the acquisition

Bremerhaven Lloyd Werft Shipyard sold to contractors

The Bremerhaven Lloyd Werft Shipyard sold to Bremen contractor Kurt Zech and the Bremerhaven steelwork contractor Thorsten Rönner. The contract was signed late on 4th March.

Insight: What are the legal implications of sanctions against Russian yacht owners?

SYT Editor in Chief, Francesca Webster took a closer look at the legal implications for the arrest or freezing of private vessels, speaking to a number of maritime lawyers to get a more in-depth understanding of current events.

Merle Wood & Associates acquires Chamberlain Yachts

The American brokerage firm Merle Wood & Associates has just announced its acquisition of Chamberlain Yachts, in addition to the appointment of the company's owner Kent Chamberlain as the CEO.

Ferretti Group floats 83.5m shares on the Hong Kong stock exchange to finance future investments

The Ferretti Group has launched a US$302m Hong Kong IPO early this week in a bid to finance future investments. The offering is said to value the company between US$932m and US$1.2bn.

Page break test marketingMarket reportSYT Synopsis: March sales vs. NTMPage break test marketing Major sales

A strong month of sales as yacht brokers secured the signatures for 49 yachts in the above 24-metre category since the 1st of March. The lion's share of these sales was used motor yachts, but there were six new orders placed, one of which was Royal Huisman's 85m New World Sloop, slated for delivery in 2026. The other sailing yacht to be sold this month was the classic 29.7-metre Odysseus by CIM - Constructions Industrielles et Maritimes. Here is a rundown of the longest motor yachts sold this month: 

Unbridled yacht cruising Unbridled | Trinity | 2009 | 58.22m / 803 GT | €22.9mLazy Z yacht cruisingPhoto: BurgessLazy Z | Oceanco | 1997 | 51.8m  / 638 GT | Unknown Stay Salty yacht profilePhoto: Denison YachtingStay Salty | Trinity | 2009 | 49.07m / 477 GT | €16.4m  
Page break test marketingLongest yachts to enter the marketBold yacht cruisingPhoto: Guillaume Plisson | Silver Yachts | 2009 | 85.3m / 1,550 GTAtomic yacht cruisingAtomic | VSY | 2020 | 63.8m / 1,101 GTLady Candy exterior profilePhoto: Jeff BrownLady Candy | Benetti | 2013 | 56m / 962 GTPage break test marketingFleet updatePhi yacht on sea trialsPhoto: Charl van RooySeized Russian superyachts: 59m Royal Huisman superyacht Phi detained in UK waters

Many Russian-owned superyachts have been seized throughout the month as they sit in waters of the countries that are posing sanctions on Russian companies and oligarchs in response to the ongoing war in Ukraine. Page break test marketingShipbuilder spotlight: Royal HuismanRoyal Huisman yard facility in VollenhovePhoto: Tom van OossanenRoyal Huisman has had a phenomenal month this month with two big unveils: the 65-metre sailing yacht Aquarius II and New World Sloop, which at 85-metre in length is the "world's largest sloop" – she was also the largest yacht to be sold in March. More news came from the Dutch shipyard as it also made strong headway on its sportfish project this month.  Out of the yard and into the regattas, the Dykstra ketch Aquarius, built by Royal Huisman, repeating her 2019 at the Les Elegantes des Mers. Kudos, Royal Huisman – what a month!Page break test marketingLaunches: The first big splashOceanco Y720 yacht launch Photo: Ruben GriffioenOceanco’s 109m Project Y720 launched

Oceanco has launched its latest project, the 109-metre motor yacht Y720, from its facilities in Alblasserdam.  Y720 has a classically proportioned profile and features a prominent use of glass with the main, bridge and upper decks all wrapped by large glass windows. 

Page break test marketingAt the shipyardAmarcord yacht exterior designConstruction commences for ISA’s 80m superyacht project Amarcord

ISA Yachts, a Palumbo Superyachts brand, has announced that project Amarcord, a new 80-metre motor yacht, has entered its construction phase.

Nobiskrug wins contract for completion of much anticipated 77m superyacht Black Shark

The 77.1-metre superyacht Black Shark will be completed at Nobiskrug. She is the third order secured since the shipyard’s economic restart following the acquisition by Tennor Group.

The 62-metre CRN superyacht Rio completes her first trial

Rio has completed her first sea trials following her launch on the 15th of January this year. The yacht has performed excellently during the trials and is now on track for delivery in the coming months.

The first Amels 60 by Espen Øino has been unveiled

The superyacht is the first hull of a new generation of Amels 60 semi-custom superyachts, and features the shipyard's hybrid-electric propulsion system, 

A new era of exploration: At Pendennis with the 35m Project Fox

Strong headway has been made with the construction of the 34.9-metre explorer yacht Project Fox at Pendennis and she’s on course to meet her delivery date of 2023.Page break test marketingFirst look: Unveils and presentationsMajesty 111 yacht exterior design Gulf Craft unveils the Majesty 111 superyacht line at DIBS

The Majesty 111 is the latest from the Majesty series and will be 33.8-metres in length. With 230 GT of interior volume and a six stateroom configuration, she'll be able to accommodate up to 12 guests.

Azimut Yachts' Grande 36M presented ahead of its debut at Cannes

The Azimut Grande collection is swelling not by one model, but by two as the Italian shipbuilder also presented the smaller Grande 26M, which will also be showcased in Cannes.

First look: Interior design of in-build 44m Eurocraft Explorer 44

SYT has jumped on board the Eurocraft Explorer 44 to check out the interiors of this forthcoming in-build superyacht, which has been designed in full by Eurocraft Cantieri Navali.Page break test marketing Concepts & the future of designLycka yacht exterior design Introducing Lycka: The 77m “happiness” superyacht by Nobiskrug & Tillberg Design of Sweden

Lycka is driven to deliver the “home from home” experience that yachting encapsulates, and Nobiskrug and Tillberg have written this directly into her design.

Page break test marketingNotably viral: Our favourite Instagram postAhpo in Antigua - Instagram post The recently delivered 115.1-metre superyacht Ahpo by Lürssen has been making waves in Antigua, which have rippled all over the internet. It's not surprising either – she looks great against the backdrop of the Caribbean!

Photo credits: @evaluna_sPage break test marketingFOTM: Did you know?Iceland stock imageNose-to-nose the length of all yachts in the above 24-metre category is longer than the width of Iceland. Iceland has a width of 300km East to West, and the total length of yachts exceeds 360km. As another point of comparison, the length of all yachts in this category is longer than 1,000 Eiffel Towers.Page break test marketingFrom the archivesGreece stock image 2 May 2016: Discover the Greek Cyclades on board the 34m superyacht Ithaki

We were invited to cruise the famed Cyclades region back in 2016 and we shared some of our highlights from the trip. After a six-day trip we, of course, had a great deal to say about some of the hidden wonders that we unearthed on the trip.

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