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Oyster Yachts & Pendennis to complete first Oyster 118 sailing yacht

New-Build
Written by
Merijn de Waard

Last week we received footage from Anders Berg who had captured the transport of the unfinished Oyster 118 sailing yacht from the Southampton shipyard of Oyster Yachts to Southampton. Oyster 118 in transport to PendennisPhoto: Anders BergOyster 118 in transport to PendennisPhoto: Anders Berg

After a few days we finally have word from Pendennis who released the following statement:“Oyster Yachts and Pendennis Shipyard are now working together to deliver the first Oyster 118 which will be handed over to her owner next year.  Oyster & Pendennis, two market leading British shipyards, share a vision to protect and secure a successful future for the UK marine industry.”Oyster 118 in transport to PendennisPhoto: Anders BergOyster 118 Exterior DesignIn a recent interview with SuperYacht Times, the new owner of Oyster Yachts, Richard Hadida, already said that company was looking for a partner to complete the Oyster 118: “We have very recently come to a decision that we would like to find a partner to build the Oyster 118 for us, and are currently looking to team up with a British shipyard which is used to building boats of this size. Going forward, Oyster is going to focus our efforts on what we do best: 50-90 foot, beautiful bluewater boats." Oyster 118 Interior DesignThe Oyster 118 yacht was originally announced by the company back in March 2015 and in November 2016 the completed hull was moved to the outfitting shed. Due to the financial problems of the yard the project was put on hold. She was originally due for completion in 2018, but we do expect that it will most likely be 2019 now. Oyster 118 in transport to PendennisPhoto: Anders Berg

A second contract for an Oyster 118 was announced in January 2017 and Oyster confirmed that this project is currently still under construction.

 
The SuperYacht Times iQ Report

The SuperYacht Times iQ 2018 Report

Our market report is the most complete in the business and provides in-depth analysis of the fleet by size range, the construction book, the market for new and used yachts for sale and the superyacht builders, as well as a detailed overview of superyacht ownership. It also gives the personal views of Merijn de Waard, company founder and long-term superyacht market analyst, on the state of the market.

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