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Strong order book for CDM with 4 new superyachts sold in 6 months

Business
Written by
Merijn de Waard

Vasco Buonpensiere, Sales and Marketing Director of Cantiere Delle Marche, has reported that the company closed 2017 on a high, with the deliveries of two new superyachts, their involvement in two second-hand deals of Darwin 86 and 96 motor yachts, and the sales of four new motor yachts in the past 6 months alone.

Hyhma - Nauta Air 111' cruisingPhoto: Nauta Yachts The yard delivered their largest yacht to date, the 33.83-metre Nauta Air 111 Hyhma, as well as the 31.1-metre Darwin 102 Galego, but the true testament of their recent success are the sales of their four new motor yachts with a length between 39.5 and 41 metres. The company has now a total of eight yachts on order, including the 42.8-metre K42 that will be launched in around a year’s time and will be the flagship of the company.

Bruno Piantini, Managing Director of CDM, comments on the growing success of the Italian yard: “In 2017 we have achieved a Production Value growth of 18% (with an average annual growth rate of the period 2013-2017 of 50%). We have completed the construction of a new shed of about 1,200 sqm, where we are building a 42.8-metre motor yacht with a volume of just under 500GT, and a new warehouse area of about 400 sqm is underway.

K42 in build at Cantiere delle Marche in Ancona

Speaking of the future growth of the company CEO of CDM, Ennio Cecchini, clearly states the brands’ intentions when it comes to expanding the size range of the yard: “In terms of size of the yachts, we confirm that we are not going to build bigger than 45 metres or 499GT. We are not interested to enter into a very cramped arena where there are a few shipyards leading the market and a lot more which are struggling to build one unit per year - in the good years.

Cecchini goes on, stating that the core of their business is, and will continue to be, quality and the quest for perfection, and not a race to build larger vessels or, indeed, an unmanageable quantity of vessels. He says, “In terms of our facilities, we have just added one 61-metre shed to the existing one and – as we do not want to deliver more than three to four yachts per year – we do not need more. Once again I repeat our mantra: we want to become better and better, not bigger and bigger! And let me add: we want to keep on having a relaxed and enjoyable quality of life, too!

Galego

While not many details are released about the new projects at the yard, Cecchini has shown particular interest and anticipation in regards to a new 40-metre explorer yacht that will mark the first yacht in a brand new CDM range. According to Cecchini, the vessel will introduce a new way of looking at tender operations and the dimensions of tenders used on board. 

More information will be released regarding the developments at CDM as they come available. 

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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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