In the wake of recent incidents, such as onboard fires and damage at shipyard facilities, <a href="https://www.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times</a> takes a look into the complexities and dynamics of the superyacht insurance sector. Equipped with state-of-the-art technology and advanced design features, modern superyachts require comprehensive policies to address the myriad risks associated with their operation, and the various hazards they may encounter.<a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SYT</a> explores the subject of superyacht insurance, focusing on the processes of insuring new-build yachts, with insight from key industry experts. <a href="http://superyachttimes.com" rel="noopener noreferrer" target="_blank" title="">SYT</a> also examines the procedures implemented when superyacht projects suffer damage due to unforeseen accidents.<img src="https://photo-assets.superyachttimes.com/photo/290127/image/large-3167b0a95fe2fec553b8f4293b822125.jpg" data-gid="gid://syiq/Photo/290127">Overview of the insurance policy process:In the context of the new-build process, the insurance journey typically begins when an owner expresses interest in ordering a new-build yacht. To facilitate this, the owner may engage a brokerage firm to coordinate all relevant stakeholders involved in the yacht-building process. The initial stage involves drafting what are known as General Arrangements (GAs), which detail the yacht's design and specifications. Once these plans receive the owner’s approval, the focus shifts to selecting a shipyard capable of constructing the yacht according to these detailed specifications.During the construction phase of a yacht, two critical areas of insurance must be considered:The first is Builder's Risk Insurance Policy. This is designed to protect the vessel, along with associated property and materials, from the commencement of construction through to the final delivery to the customer. This coverage, is almost invariably secured by the builder, safeguards against physical loss or damage and covers collision liability during sea trials and delivery. It is common for the shipyard to undergo a survey before the yacht-building process begins to ensure that the yard has the capability to construct the yacht with all the necessary safety and security systems in place (JH143 survey sets out the guidelines).As the yacht build process approaches completion, another essential insurance policy, the Pre-delivery Cover, becomes relevant. This coverage is specifically designed to protect the crew employed by the owner, while they are working in the shipyard. Typically, this insurance is secured approximately three to four months before the vessel is handed over, ensuring all owner employed parties are covered well before the final stages and a seamless transition to the full protection and indemnity policy.Upon the handover of the vessel, three types of insurance coverage come into effect:<ul><li>Hull &amp; Machinery (H&amp;M): This covers damage to the yacht itself and may include several specific provisions such as emergency towing, tenders and equipment. Personal effects, fine arts, and coverage against war risks, piracy, kidnap, and ransom scenarios may be included but are often also insured independently.</li><li>Protection &amp; Indemnity (P&amp;I): This pertains to the liabilities of the yacht owner and typically encompasses third-party liability, pollution and environmental liabilities, wreck removal, uninsured boater coverage, liabilities towards passengers and guests, water sports liability, and legal costs. Employer’s liability to seafarers can also be included if not insured separately.</li><li>Crew Medical Accident Insurance: This provides coverage for crew arising directly from the ownership and operation of the yacht. It includes costs that arise from personal injury, illness, death, medical, and other expenses to the yacht's crew.</li></ul>In addition, these types of insurance coverages become must be arranged by the owner, who holds title to the vessel and oversees its operations. The necessary coverage depends on the vessel’s registration type (private vs. commercial), flag, and the country where the owning corporation is incorporated. As the process of securing coverage in the market can be time-consuming, the owner's team should start making arrangements well before the vessel is delivered.The final component of all insurance documentation is the Know Your Client (KYC) form. This form aims to confirm that the buyer is a suitable individual for ownership. All owners undergo sanction checks by insurers and insurance brokers, who are responsible for presenting the risk to the insurance companies, often known as underwriters. <img src="https://photo-assets.superyachttimes.com/photo/317382/image/large-1b1ccb047df97b332a1bad534d9dfb19.jpg" data-gid="gid://syiq/Photo/317382">Dynamics of the insurance system:During a lecture titled 'Superyacht Insurance' at La Belle Classe Academy, organised by Marcela de Kern, George Lucian, an insurance broker from <a data-gid="gid://syiq/Company/3931" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Only Yacht (Company)">Only Yacht</a> based in Monaco, explained the complex relationship between insurance brokers and underwriters. Brokers act as intermediaries, facilitating interactions with underwriters on behalf of their clients. Typically, clients cannot directly engage with underwriters and must go through brokers instead.<img src="https://photo-assets.superyachttimes.com/photo/320322/image/large-7e40536081ba04686d3e40f55decb0aa.jpg" data-gid="gid://syiq/Photo/320322">Lucian emphasised that the primary responsibility of an insurance broker is to "identify the most suitable insurance solutions for our clients." He underscored the advantages of using a broker, particularly their established relationships with underwriters, which can enhance negotiation power during quoting and claims processes. "Underwriters recognise brokers and are familiar with the clients they represent," he stated, noting that successful outcomes largely depend on these relationships.In addition to facilitating claims processing, brokers assist clients in managing the contract lifecycle, including any necessary endorsements, modifications, or ratifications.They are readily available to offer advice and support when challenges or changes arise. During a claim, a broker advocates for the client with the underwriters, similar to how a lawyer represents a client in court. Given the intricacies and frequent ambiguities in yachting insurance, even well-prepared contracts often require significant negotiation, highlighting the importance of a broker's role in these complex scenarios.Additionally, Lucian articulated the importance of noting that all these contracts are structured on a one-year basis. After one year, everything is renegotiated to seek better terms in the market. The insurance broker plays a crucial role in this process, ensuring that all contracts are reviewed annually. This approach is necessary because the yachting world changes rapidly, making it essential to reassess all details of the yacht and the policy to ensure the new contract is perfectly tailored.What are the insurance procedures for investigating an incident at a shipyard?In a discussion about managing incidents during the construction of superyachts, Ezio Dal Maso, Head of the Superyacht Team at <a data-gid="gid://syiq/Company/7786" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Stephenson Harwood (Company)">Stephenson Harwood</a>, emphasised the importance of distinguishing between total and partial losses. He explained, “A total loss occurs when the construction of the hull sustains damages that typically exceed 80% (according to the Nordic Marine Insurance Plan framework ‘NMIP’) of its value,” noting that such determinations usually require confirmation by insurance-appointed surveyors. Dal Maso added, “Any damage that falls below this threshold is defined as a partial loss.”<img src="https://photo-assets.superyachttimes.com/photo/320393/image/large-b27652e30636ba8fd02715c1e4e60ebe.jpg" data-gid="gid://syiq/Photo/320393">He further elaborated on the financial implications, stating: “In the event of a total loss the insurance company will compensate the buyer, leading to the termination of the contract and reimbursement.” For partial losses, Dal Maso specified that, “most contracts allow the builder to use the insurance proceeds to repair the yacht and complete its construction.” He noted that the time needed for these repairs is often regarded as a permissible delay, potentially postponing the delivery date.Dal Maso also cautioned that insurance coverage is not an absolute guarantee. "While policies typically promise compensation, coverage is always subject to specific terms and conditions." He stressed the importance of including an indemnity clause in contracts to ensure the builder compensates the buyer if the insurance fails to pay. Additionally, it is common for policies to include a deductible, and buyers typically expect the builder to cover any amounts not paid by the insurers. Moreover, both the buyer and any lender financing the construction will want to review a copy of the builder’s insurance policy to assess the creditworthiness of the insurers and the terms of coverage.What are the future implications of incidents on the insurance market for new-builds?From the buyer's perspective, if the superyacht was financed, a total loss typically triggers either a default or a mandatory prepayment of the loan. The financing terms generally allow a grace period of 120-180 days before the payment is due. Since investigations can be lengthy, there is a risk that the buyer might need to repay the loan before receiving insurance funds, particularly if waiting for the investigation's conclusion and the insurers' payout decision.&nbsp;From the shipyard's perspective, recurring incidents can make it increasingly difficult to secure insurance, affecting underwriters' willingness to provide coverage. This often leads to higher costs for new-builds at that particular shipyard, as they pass on the increased insurance premiums to buyers.Dal Maso further outlined how a significant loss affects the entire superyacht insurance market. For high-value new-build superyachts, no single insurer covers all risks. Typically, one leading insurer, supported by a syndicate of multiple insurers, shares these risks across various countries, including Italy, Germany, the Netherlands, and Norway. Thus, a substantial loss in one country, such as Italy, could cause insurance costs to rise in another, like Germany, due to the interconnected nature of the market and its conditions.<img src="https://photo-assets.superyachttimes.com/photo/215492/image/large-0ce9e0c06106266987794c90a057b45a.jpeg" data-gid="gid://syiq/Photo/215492">The Industry stakeholders will continue to monitor these developments and their future impact on the insurance market for large new-build superyacht projects, as well as how shipyards will manage the &nbsp; anticipated increase in insurance premiums.

Fires, bankruptcy and build delays: Making sense of new-build yacht insurance

Yacht fire at Ferretti Shipyard in Cattolica

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Self Made yacht fire

Lürssen Rensdburg yacht fire

Georgie Lucian, Insurance broker at Only Yacht

Ezio dal Maso partner at Stephenson Harwood 

This article aims to explore the subject of insurance in the superyacht sector, focusing on the processes involved in insuring new-build yachts.

<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> is pleased to announce the launch of <a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">The State of Yachting 2026</a>. Created in partnership with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, the annual report returns with its most comprehensive edition to date, offering an in-depth analysis of the global superyacht market and the trends shaping the industry’s future.Now in its 11th edition, The State of Yachting has established itself as one of the industry’s leading market intelligence reports, delivering detailed insights into new-build activity, brokerage sales, charter performance, refit developments and wider market movements.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a><img src="https://photo-assets.superyachttimes.com/photo/395089/image/large-78a9f670554bd483c155163124aae620.jpg" data-gid="gid://syiq/Photo/395089">Powered 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 intelligence platform SuperYacht iQ, the report combines extensive market data with expert analysis to provide a clear overview of the current state of the superyacht sector.Merijn de Waard, CEO of <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a>, commented: “We are delighted to partner with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a> for this year’s edition of The State of Yachting. As the industry continues to evolve globally, collaborating with a partner that shares our long-term vision for the future of yachting makes this year’s report particularly meaningful.”<iframe width="640" height="360" src="https://www.youtube.com/embed/otOo0EY_AAs?&amp;wmode=opaque" frameborder="0" allowfullscreen="" class="fr-draggable"></iframe> What to expect from The State of Yachting 2026This year’s edition explores some of the key developments influencing the market across 2025 and into 2026. Alongside detailed statistical breakdowns covering yacht sales, order books and fleet development, the report also examines shifting regional dynamics, evolving owner demographics and emerging trends across design, sustainability and charter operations.<img src="https://photo-assets.superyachttimes.com/photo/395091/image/large-c6d8eff9abb8dedaa11d2516fa0865de.png" data-gid="gid://syiq/Photo/395091">Commenting on this year’s edition, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> Head of Intelligence Ralph Dazert shared: “The superyacht industry continues to evolve at pace, driven by changing client expectations, technological innovation and the expansion of emerging markets. The State of Yachting 2026 provides a comprehensive overview of where the market stands today and where we see opportunities and challenges developing in the years ahead.”<img src="https://photo-assets.superyachttimes.com/photo/395088/image/large-3c8341a20ba93b2b548cbee1a06711ed.jpg" data-gid="gid://syiq/Photo/395088">Report access<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SYT</a> Premium subscribers will be able to access and download the full report directly via the SuperYacht Times website. In partnership with <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor Marinas (Company)">Safe Harbor</a>, this year’s report reflects a shared commitment to delivering meaningful industry insight and supporting informed decision-making across the global superyacht sector.<a href="https://www.superyachttimes.com/yacht-news/state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">Download</a><a href="https://www.superyachttimes.com/market-reports/the-state-of-yachting-2026" rel="noopener noreferrer" target="_blank" title="">&nbsp;The State of Yachting 2026: In partnership with Safe Harbor</a>Want to know more about Premium Content? Subscribers can unlock access to The State of Yachting 2026, exclusive market reports, How To Build It, quarterly newspapers and additional premium intelligence content through a&nbsp;<a href="https://www.superyachttimes.com/users/sign_up?premium_content=true" rel="noopener noreferrer" target="_blank" title="">SuperYacht Times Premium subscription</a>.

The State of Yachting 2026 in partnership with Safe Harbor

The state of Yachting 2026, in partnership with Safe Harbour, is here!

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The State of Yachting 2026: In partnership with Safe Harbor

A new study commissioned by the <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association (SYBAss)</a> and <a data-gid="gid://syiq/Company/6042" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Superyacht Life Foundation (Company)">The Superyacht Life Foundation (SYL)</a> has revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.<img src="https://photo-assets.superyachttimes.com/photo/394792/image/large-c868cea6a77bcff39975852d62a13272.jpg" data-gid="gid://syiq/Photo/394792">Conducted by Deloitte and Vrije Universiteit Amsterdam, the Global Economic Impact of the Superyacht Industry study supports <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a>’s new Superyacht Builders Advocacy Campaign. The initiative is designed to increase awareness of the role yacht builders play through employment, industrial innovation and long-term economic activity across coastal regions.According to the study, the industry generated €22 billion in direct expenditure, which in turn created a further €32 billion in indirect economic activity through global supply chains and tourism, operations, hospitality and maritime services.The study identified the new-build segment as the most economically catalytic segment of the industry, generating a multiplier effect of 2.8. This means that every €1 invested in building a yacht creates an additional €1.8 in economic value across the wider economy through suppliers, subcontractors, logistics, engineering, services and long-term operational activities.While downstream sectors such as charter, brokerage, marinas, tourism and hospitality generate significant recurring annual revenue, the study demonstrated that these activities fundamentally depend on the continued construction and renewal of the global fleet by builders and yacht owners.According to the study, new vessel construction alone accounts for 37 percent of the industry’s total economic impact, which equates to approximately €20 billion globally. It also found that new-build activity equates to long-term growth, as every newly delivered yacht expands the downstream operational economy for decades to come.The report also highlighted the growing importance of the refit and maintenance sector, which contributes an estimated €5.6 billion to the global economy, representing around 11 percent of the industry’s total impact. As the worldwide fleet continues to age and modernise, the study identifies refit activity as one of the sector’s strongest long-term growth opportunities.<img src="https://photo-assets.superyachttimes.com/photo/394795/image/large-e32a4e678897430977b68dfc646294fe.jpg" data-gid="gid://syiq/Photo/394795">Builders remain at the core of the industryThe study also identified the industrial significance of the upstream sector, which comprises both new-build and refit activity. This serves as the industry’s industrial core with a total direct economic impact of approximately €9.5 billion. Within this figure, new-build operations account for 76 percent of total shipyard turnover, equivalent to €7.2 billion, while refit activities contribute the remaining €2.3 billion.Despite the luxury image often associated with the finished product, the study describes yacht construction as fundamentally a blue-collar manufacturing industry. Each vessel requires years of coordinated work involving welders, engineers, electricians, naval architects, carpenters, painters, metal workers and project managers, alongside extensive supplier networks.Much of the workforce is trained through apprenticeships and specialist vocational programmes to meet the technical demands of modern superyacht construction.<img src="https://photo-assets.superyachttimes.com/photo/394794/image/large-56e78c18a3842227faecfb8072284cf3.jpg" data-gid="gid://syiq/Photo/394794">Long-term economic contribution of the global fleetAccording to the report, the global superyacht fleet now approaches 5,600 vessels, with each yacht contributing an average of €9 million annually to the economy. This figure is calculated through its operational lifetime with maintenance, crew employment, marina services, fuel supply, tourism expenditure and refit cycles all contributing towards the total.The study also noted that while numerous suppliers and contractors contribute to each project, long-term responsibility for the yacht ultimately remains with the shipyard whose name appears on the vessel throughout its lifespan. Therefore, builders carry disproportionate industrial, financial, operational and reputational responsibility relative to the broader ecosystem.“The global superyacht industry is not merely sustained by tourism, operations, and luxury services,” explained the study. “It is fundamentally made possible by the industrial capabilities, craftsmanship, investment and long-term commitment of yacht builders.”Over the next few months, the Superyacht Builders Advocacy Campaign will continue to share new insights, industry perspectives, and data-driven analysis. Through this initiative, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">SYBAss</a> aims to strengthen awareness of the sector’s industrial, economic, and social contribution while supporting greater recognition of the highly skilled workforce, innovation ecosystem, and long-term value creation.Founded in 2007, <a data-gid="gid://syiq/Company/2589" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Superyacht Builders Association (SYBAss) (Company)">Superyacht Builders Association</a> represents leading superyacht builders worldwide and works to support collaboration, environmental innovation and evolving industry standards across the sector.(All images courtesy of SYBAss.)

SYBAss and SYL study reveals economic impact of superyacht industry

A new study by SYBAss and SYL revealed that the global superyacht industry generated approximately €54 billion in total economic output in 2022.

New study highlights €54 billion economic output of global superyacht industry

SuperYacht Times is pleased to announced the release of the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a>, which is now available as a free download. The report was produced for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a>, held in Kobe, Japan, on 7 and 8 May 2026.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Now in its third edition, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> provides a data-led overview of the Asia-Pacific superyacht market, drawing on analysis from the SuperYacht Times Intelligence team, with data supplied by <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>.Using <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a> and proprietary yacht-tracking data, the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">report</a> examines the region’s fleet, cruising patterns and key areas of activity. It looks at how many superyachts are currently active in Asia-Pacific, where they are based, whether the regional fleet is growing, and which locations are emerging as important hotspots. <img src="https://photo-assets.superyachttimes.com/photo/25869/image/large-be0ca6ac405b4c42e4bdcf910c97ce4e.jpg" data-gid="gid://syiq/Photo/25869">SYT Strategy bespoke consultancyWould you like to increase your footprint in the Asia-Pacific superyacht market but are lacking the right data? The Intelligence team at SuperYacht Times performed extensive research specifically for the <a href="https://issuu.com/superyachttimes/docs/asia-pacific_superyacht_summit_report_2026" rel="noopener noreferrer" target="_blank" title="">Asia-Pacific Superyacht Report 2026</a> and we could do the same for your company too through <a href="https://www.sytstrategy.com/" rel="noopener noreferrer" target="_blank" title="">SYT Strategy</a>. Interested? Get in touch with our Sales team via <a href="mailto:sales@superyachttimes.com" title="">sales@superyachttimes.com</a>

Asia-Pacific Superyacht Report 2026 available for download

SuperYacht Times is pleased to announced the release of the Asia-Pacific Superyacht Report 2026, which is now available as a free download.

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Following two successful editions in Hong Kong, the third <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> will take place at La Suite Kobe Oceans Garden in Kobe, Japan, on 7 and 8 May 2026.Ahead of the event, SuperYacht Times Research Analyst Adil Zaman and Head of Intelligence Ralph Dazert have examined regional superyacht movements and ownership patterns across the Asia-Pacific. Their findings will be presented in the Asia-Pacific Superyacht Report 2026, which is set to launch during the summit. This article offers a preview of some of the report’s key themes.<img src="https://photo-assets.superyachttimes.com/photo/391630/image/large-35a5114e3ed8a25c76d38787ba96de16.jpg" data-gid="gid://syiq/Photo/391630">Number of superyachts active in Asia-Pacific continues to growOne of the report’s clearest findings is the continued rise in superyacht activity across Asia-Pacific. Between January and December 2025, a total of 586 superyachts over 30-metres were active in the region, up from 530 in 2024 and 445 in 2023. The report also notes that these figures reflect yacht presence across a 12-month period, including vessels based in, visiting or transiting through the region.The regional fleet also remains slightly larger than the global average. According to the report, more than 20 percent of yachts active in Asia-Pacific exceed 50-metres, compared with 16 percent worldwide, pointing to a relatively strong concentration of larger vessels in the region.<img src="https://photo-assets.superyachttimes.com/photo/391626/image/large-4e09160384992ee2d4dbc58440984deb.jpg" data-gid="gid://syiq/Photo/391626">Ownership continues to expandThe report also points to a gradual increase in regional ownership. SuperYacht Times records more than 480 superyachts over 30-metres owned in Asia-Pacific countries, representing 7.7 percent of the global fleet. Australia accounts for the largest share, with 166 yachts, followed by Hong Kong with 92 and China with 59. Together, these figures suggest that while the region remains diverse in terms of activity and maturity, its ownership base is continuing to deepen.<img src="https://photo-assets.superyachttimes.com/photo/391627/image/large-4122936227aa6a92e960dc6a6282bbb3.jpg" data-gid="gid://syiq/Photo/391627">Infrastructure remains unevenWhile the report identifies clear momentum across the region, it also highlights the structural challenges that continue to shape the market. Marina development is progressing, but not uniformly. Relatively few marinas in Asia-Pacific are currently capable of accommodating yachts above 50-metres in practice, despite growing interest in attracting the segment. In many cases, the gap between ambition and operational capability remains significant.<img src="https://photo-assets.superyachttimes.com/photo/386825/image/large-217c26f8ba05559616786d2d3cd665fe.jpg" data-gid="gid://syiq/Photo/386825">Asia-Pacific Superyacht Report 2026All of this, and much more, will be featured in the Asia-Pacific Superyacht Report 2026, published during the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit</a> in Kobe, Japan on 7 &amp; 8 May 2026. 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/386528/image/large-ac18974277bb47126ecdd41da712a4c7.jpg" data-gid="gid://syiq/Photo/386528">Asia-Pacific Superyacht Summit 2026Tickets are still available for the <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">Asia-Pacific Superyacht Summit 2026</a>, which will delve deeper into the report, alongside insights into the challenges and opportunities across the region.&nbsp;The <a data-gid="gid://syiq/Event/325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit - 2026 - 3rd Edition">event</a> will bring together industry leaders, yachting clients and key stakeholders, allowing for high-level networking with influential yachting professionals from the region. This will take place alongside keynote sessions and expert panel discussions, with the shared goal of positioning the Asia-Pacific region as a leading superyacht market and cruising destination. <img src="https://photo-assets.superyachttimes.com/photo/384775/image/large-410054e783a96845b5d4c94c95eff55c.jpg" data-gid="gid://syiq/Photo/384775">

Asia-Pacific Superyacht Report 2026 preview

A preview of the Asia-Pacific Superyacht Report 2026, examining regional yacht movements, ownership trends and infrastructure.

Asia-Pacific Superyacht Report 2026 to unveil latest regional insights

Norwegian shipyard <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is known for its vast experience of offshore engineering, as well as for building large, 100-metre-plus expedition vessels. In recent years, the yard has been focused on building commercial vessels, but has recently reshifted its focus back onto the explorer market. The yard is preparing to return to the superyacht space by building global expedition yachts and support vessels.SuperYacht Times&nbsp;spoke with <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s Sales Manager, Sigvald Håkonsholm who recently joined the team in order to help navigate <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s presence in the superyacht sector. Bringing vast experience from ship building in different levels in the Norwegian maritime cluster, the move underlines <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s commercial and strategic commitment to the international yachting segment and their ambition to deliver technically advanced, purpose-built vessels for discerning owners seeking true exploration capability.<img src="https://photo-assets.superyachttimes.com/photo/388850/image/large-6be51c79dce19d8cac36bd0948be6043.png" data-gid="gid://syiq/Photo/388850">A Norwegian build<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> consists of two shipyards in Norway, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> and <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Feda, and specialises in new-builds, conversions, maintenance, and recycling of vessels. Previous superyachts built by the yard include the 107.4-metre <a data-gid="gid://syiq/Yacht/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Andromeda107.4m (352'4&quot;)Kleven Maritime AS2016">Andromeda</a> and the 116-metre <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Multiverse</a>, previously named <a data-gid="gid://syiq/Yacht/5796" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Multiverse116.0m (380'7&quot;)Kleven Maritime AS2018">Ulysses</a>. The yard has a history of building large, robust vessels capable of operating in some of the world’s most challenging environments. Besides superyachts, the yard has previously also built expedition-style luxury cruise vessels, including the 140-metre Roald Amundsen and the 140-metre Fridtjof Nansen.<img src="https://photo-assets.superyachttimes.com/photo/200563/image/large-de64dc9226d637e7c68c7e51424c916e.jpg" data-gid="gid://syiq/Photo/200563">”In response to strong market demand, we have decided to strengthen our position in the yacht market, as the need for this is clearly evident.” says Sigvald. Adding that he feels “privileged to get the possibilities to develop stunning projects together with our clients, partners and a strong team at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>.”With a history of building extensive vessels, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is shifting its focus &nbsp;primarily to large expedition yachts and yacht support vessels from approximately 80-metres and upwards. <img src="https://photo-assets.superyachttimes.com/photo/388851/image/large-797d690d1ca7a399538a8a5ca59679fc.png" data-gid="gid://syiq/Photo/388851">Market experience meets technical know-howIn recent years, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has been heavily involved in the offshore energy vessel market, completing both newbuild projects and complex conversions. Experience with these complex technologies, mixed with their own in-house technical expertise, and the yard’s earlier experience building expedition yachts and cruise vessels, strengthens the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s position as a capable partner for owners seeking large, purpose-built expedition vessels.<a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s way of shipbuilding, with robotic welding and other effective methods adapted from commercial ship construction, allow for efficient hull production while ensuring high capacity. Focusing on the superyacht segment, the yard at <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> has a few available slots for both new-build expedition yachts, yacht support vessels, and conversion projects, offering attractive delivery timelines.Many of the <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Kleven</a> yachts, whether from their commercial line or their explorer superyachts, tread into challenging waters. In order to ensure safety, reliability and operational capability in their worldwide cruising ground, the yard has established its own technical yacht platform. The technology is based on proven solutions from the offshore sector, in line with yacht and cruise customer demands. <img src="https://photo-assets.superyachttimes.com/photo/388848/image/large-fc8800ab90a98a7aa42b13e4a7e95c1a.png" data-gid="gid://syiq/Photo/388848">Green Yard’s green strideAn integral part of <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a>’s strategy is sustainability, and the team prides themselves in ensuring every project is made by safe and reputable hands. “Our ships are built to the highest standards, using sustainable materials, responsible suppliers and we lay a strong focus on social standards and HSEQ,” notes Sigvald. “We maintain a clear focus on reducing our carbon footprint and emissions, both in production and in the vessels themselves.”Another way <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> strives to avoid waste is through conversion: conversion projects offer a significant potential in the reuse of hulls and equipment. Owners can obtain an up-to-date vessel with a significantly lower footprint, reduced cost, and shorter delivery time resulting in improved overall sustainability for their in-build project.<img src="https://photo-assets.superyachttimes.com/photo/388847/image/large-53637cddb558797c9a8fb70ba8c93672.png" data-gid="gid://syiq/Photo/388847">A well-rounded yardWhen having a vessel in-build, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is more than happy to work with leading international yacht designers, but also has the tools in-house to manage all interior and exterior yacht design. Furthermore, the shipyard maintains close cooperation with established yacht equipment and interior suppliers to ensure each project reflects the vision of the owner while maintaining the yard’s construction standards.“We see strong opportunities in the expedition yacht and yacht support vessel segment, where operational capability, reliability, and robust engineering are essential”, shares Hans Jørgen Fedog, CEO, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard</a> Group. “The yard has a long history of building vessels designed for demanding environments. I believe this experience will be highly appreciated in the market.”Known for its robust engineering with quality craftsmanship, timely deliveries and supporting the full lifecycle of a vessel through its sustainable shipyard services, <a data-gid="gid://syiq/Company/8744" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Green Yard Kleven (Company)">Green Yard Kleven</a> is positioning themselves as a contender Northern European expedition yacht builder.<img src="https://photo-assets.superyachttimes.com/photo/222757/image/large-8ea995858d63549855939d2037d2ea3e.jpg" data-gid="gid://syiq/Photo/222757">Green Yard Kleven concepts in collaboration with Opalinski Design House.

Green Yard Kleven strengthens its position in the expedition yacht market

Green Yard Kleven focuses to expand its presence in the expedition yacht market

Green Yard Kleven returns to the expedition yacht market

According to Reuters, exhibitions group <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. <img src="https://photo-assets.superyachttimes.com/photo/365289/image/large-ad8f48599746d816f12e47e0c22f47eb.jpg" data-gid="gid://syiq/Photo/365289">The assets form part of <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>’s Luxury &amp; Lifestyle division, which also includes <a data-gid="gid://syiq/Company/344" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Boat International (Company)">Boat International</a> Publishing Group, the Palm Beach International Boat Show, the Fort Lauderdale International Boat Show, as well as Art Monte-Carlo and Art Miami.&nbsp;This portfolio generates approximately $200 million in annual revenue and according to Reuters, a stake sale could also generate around $200 million. There is currently no certainty that the transaction will take place and talks are still ongoing.The company is reportedly working with an investment bank to gauge interest in the package, with potential buyers thought to include sovereign wealth funds. <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a>, which is valued at nearly $14 billion, saw its shares fall 11% on Monday before recovering.&nbsp;SuperYacht Times has reached out to <a data-gid="gid://syiq/Company/5342" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Informa (Company)">Informa</a> for further comment and will continue to update this story should further developments be made.&nbsp;

Informa stake sale in Monaco Yacht Show 

Informa is exploring the potential of selling a stake in its portfolio of Monaco-based events, which includes the Monaco Yacht Show.

Informa considers selling stake in luxury events including Monaco Yacht Show 

The brokerage market has spent the past twelve months navigating a familiar paradox: demand at the top end remains resilient but suitable supply, particularly above the 60 metre mark, is increasingly difficult to source. Against that backdrop, <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a>’s leadership team describes a year defined less by any single headline transaction and more by a deliberate, repeatable approach: intensive market intelligence, decisive execution and a willingness to create opportunities beyond the public listings.<img src="https://photo-assets.superyachttimes.com/photo/381825/image/large-2a64e82a62f9c7d97fa47d0e35ba505a.jpg" data-gid="gid://syiq/Photo/381825">Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt point to a combination of strategy and structure, from technology investment to a culture designed to move quickly, as the levers behind a standout year. In 2025, the firm sold 44 yachts over 30 metres, with transactions exceeding €3bn in aggregate value. More notably, it accounted for 57 percent of all global sales in the 65 metre-plus segment, selling 7 of the 9 largest transactions during the year.While the numbers are significant, the leadership is clear that performance has been shaped as much by how the firm operates as by what it sold, particularly in a market where product availability remains the defining constraint.<img src="https://photo-assets.superyachttimes.com/photo/381829/image/large-2de8c96c1f44d294693f3a687047e89a.jpg" data-gid="gid://syiq/Photo/381829">Performance in a market shaped by scarcityAt the very top of the market, the fundamentals remain uncomplicated. As Jamie Edmiston puts it, confidence continues to be driven by supply and demand, a growing pool of ultra-high-net-worth buyers chasing a relatively small number of credible yachts, particularly above 80 metres. In that environment, the implication for brokerage houses is clear: quality assets, priced correctly, should transact, while older or less competitive yachts require realistic positioning to avoid stagnation.Koersvelt adds a further layer to the supply story: the market is developing increasingly clear dividing lines between generations of yachts. Design and lifestyle expectations have shifted markedly since the mid-2010s, beach clubs, volume, wellness and a more open, resort-led feel now carry real weight and the next decade is likely to introduce another separation as buyers focus more closely on reduced environmental impact and progressive propulsion and energy systems.The result is a stratified resale landscape. Price stability remains strongest for newer, high-quality tonnage and, in select segments, modest appreciation has been visible. That context helps explain why <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> sold more yachts than any other brokerage in 2025 and why those yachts transacted, on average, at roughly twice the speed of the wider market.For brokerage teams, this bifurcation changes the playbook. It raises the value of accurate, current intelligence on what constitutes best in class within a given segment and increases the premium on speed, both in presenting the right yachts and in converting interest into signed agreements before momentum fades.<img src="https://photo-assets.superyachttimes.com/photo/381827/image/large-d068b0625be738380b432dbee49cd1f7.jpg" data-gid="gid://syiq/Photo/381827">‘Market making’One of the clearest themes from the discussion is the firm’s emphasis on creating transactions rather than waiting for listings to do the work.Koersvelt points to deals such as <a data-gid="gid://syiq/Yacht/9151" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lasata65.7m (215'7&quot;)Rossinavi2023">Alchemy</a> and <a data-gid="gid://syiq/Yacht/11888" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Wingman80.1m (262'10&quot;)Damen Shipyards2022">U81</a> as examples where the yachts were not openly for sale, yet opportunities were engineered by widening the search beyond the visible marketplace. In practice, this approach relies on extensive relationship networks, a firm grasp of ownership intent and an ability to move quickly once a viable opening appears.In a year where <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> accounted for more than half of all global sales above 65 metres, that capability proved decisive. Limited public inventory means brokerage performance increasingly hinges on how effectively a house can convert ‘unavailable’ into ‘available’ discreetly, credibly and at speed.This also speaks to the broader competitive landscape. Many transactions never make it to completion and, as Koersvelt notes, market visibility often captures announcements rather than the volume of deals that collapse. Brokerage houses that can manage complexity, keep principals aligned and revive transactions thought to be lost are better positioned to outperform in a market where ‘nearly done’ is increasingly common.<img src="https://photo-assets.superyachttimes.com/photo/381824/image/large-2347c55957364665aab3adf491ba49e4.jpg" data-gid="gid://syiq/Photo/381824"><a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a>While the firm is keen not to reduce the year to a single moment, <a data-gid="gid://syiq/Yacht/8907" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Breakthrough118.8m (389'9&quot;)Feadship2025">Breakthrough</a> provides a useful lens on top-end market confidence and deal execution.<a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> describes the yacht as personally significant: the firm was involved from the earliest sketches through to delivery, reflecting not only the complexity of the build but also the owner’s commitment to pushing boundaries. The subsequent resale, completed shortly before the Monaco Yacht Show, became one of the defining transactions of the year and contributed to the firm selling seven of the nine largest yachts to change hands globally in 2025.What matters is not just the scale of the deal but what it represents: a buyer and seller prepared to act decisively at the peak of the season, in a market where the best yachts trade quickly, quietly and often off-market.Technology as an enablerIn a brokerage world still heavily defined by relationships, Edmiston’s comments on technology are notable for their positioning. Systems, he argues, are there to augment judgement, not replace it.The firm has made multi-year investments in infrastructure designed to deliver real-time, highly accurate intelligence for brokers and charter teams. The logic is straightforward: better tools enable faster decisions, sharper pricing advice and more targeted marketing – all of which matter when supply is thin and competition for the right client is intense.For the wider sector, this reflects a broader trend among leading houses. Relationships bring opportunities to the table, but internal capability and execution increasingly determine whether those opportunities convert, particularly at the very top of the market.<img src="https://photo-assets.superyachttimes.com/photo/301678/image/large-ce3f096ce5a3b39788d5f09e6cd7e99a.jpg" data-gid="gid://syiq/Photo/301678">Culture, agility and the private-company advantageAnother recurring theme is the perceived advantage of operating as a privately owned business. Koersvelt argues that it allows for longer-term decision-making without the pressure of quarterly optics, while Edmiston emphasises speed and accessibility – the ability for client-facing brokers to pull senior expertise into negotiations without friction.Koersvelt and Edmiston both point to collaboration as a critical factor, particularly in a sector where individual drive can sometimes undermine teamwork. The leadership view is that a supportive internal culture, combined with empowerment in decision-making, improves conversion rates, especially in complex, time-sensitive negotiations where deals can stall for reasons unrelated to the yacht itself.This combination of agility and alignment helps explain how the firm maintained momentum in a year defined by limited supply, selling more yachts than any other broker despite fewer assets being openly available.Charter as a growth engineCharter features in the discussion not simply as a parallel business line but as part of the ecosystem that feeds ownership demand. Edmiston describes charter as “addictive”, once clients experience it, many do not return to villas or hotels, while Koersvelt highlights the importance of maintaining fleet quality in a market where large-yacht availability remains constrained.The firm continues to add high-specification tonnage to its charter offering, including the 87-metre <a data-gid="gid://syiq/Yacht/11565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vento87.0m (285'5&quot;)Turquoise Yachts2026">Vento</a> and a newly launched 72-metre <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> flagship, reflecting the ongoing shift towards experience-led charter platforms.More broadly, the charter-to-owner pathway remains a meaningful contributor to market confidence. As charter introduces new audiences to the yachting lifestyle, it continues to seed future ownership demand, particularly among families and next-generation principals.<img src="https://photo-assets.superyachttimes.com/photo/289966/image/large-7adde5ae7f30c7dfc35582e87d0f59e9.jpg" data-gid="gid://syiq/Photo/289966">The challenge for 2026If there is one point the leadership returns to repeatedly, it is supply. <a data-gid="gid://syiq/Company/124" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Edmiston (Company)">Edmiston</a> characterises the coming year’s central challenge as product availability rather than demand. In other words, the limiting factor for high-performing brokerage houses may be less about persuading buyers and more about locating the right yacht to sell, whether on-market or off-market.That dynamic is likely to shape strategies across the sector. Houses with the strongest intelligence, deepest networks and the discipline to give candid pricing advice may be best placed to maintain performance, particularly as generational differences in design, technology and environmental credentials continue to redefine what buyers consider worth owning.

Edmiston top 2025 brokerage

Speaking to SuperYacht Times, Jamie Edmiston and Alex Koersvelt share their view on Edmiston's success.

Brokerage in focus: How one brokerage translated a tight supply market into a standout year

The <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a> continues to be the premier event in the superyacht industry’s annual calendar. Once again, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> and its subscription service, <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, are official Media and Intelligence Partner for <a data-gid="gid://syiq/Company/1429" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show (Company)">Monaco Yacht Show</a>. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372227/image/large-71ca5a047994bd2b41210f7b26e5fecf.jpg" data-gid="gid://syiq/Photo/372227">Since 2019, <a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)">SuperYacht Times</a> has partnered with the <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> to release the <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report.</a> &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/372228/image/large-1f4536a71cc41c6f2edd35e57d70e065.jpg" data-gid="gid://syiq/Photo/372228">The newly published <a href="https://issuu.com/superyachttimes/docs/monaco_yacht_show_market_report_2025" rel="noopener noreferrer" target="_blank" title="">Monaco Yacht Show Market Report 2025</a> provides insight into this year’s <a data-gid="gid://syiq/Event/271" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2025">Monaco Yacht Show</a> fleet, an in-depth look at the 2025 new-build and second-hand superyacht markets, along with key insights into the latest trends and developments in the sector.<a data-gid="gid://syiq/Company/4509" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="SuperYacht Times (Company)"><img src="https://photo-assets.superyachttimes.com/photo/372230/image/large-a7735fcdffe79e7706074ec77f6fe58e.jpg" data-gid="gid://syiq/Photo/372230">SuperYacht Times</a> looks forward to welcoming you at stand, DS97 on Darse Sur, and at MYS Conference Hall, above the <a data-gid="gid://syiq/Article/64270" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Full programme for Monaco Yacht Summit 2025 unveiled (2025-09-18 13:00:00 +0200)">Yacht Design &amp; Innovation Hub for our panel discussions</a>.<img src="https://photo-assets.superyachttimes.com/photo/372224/image/large-db93d6baaf899168c82dfb7338fb9999.jpg" data-gid="gid://syiq/Photo/372224">

Download the Monaco Yacht Show Market Report 2025

Download the Monaco Yacht Show Market Report 2025 for free. 

Download the Monaco Yacht Show Market Report 2025 for free now!

David Westwood, Managing Director of <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW Yachts</a>, shares an insight into the realities behind the superyacht market’s much-discussed slowdown, how <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is bucking the trend with a strategic digital focus and what to expect in the coming charter and show seasons.<img src="https://photo-assets.superyachttimes.com/photo/264905/image/large-ba114c596bb9a8f15ca87f6095e4c8f2.png" data-gid="gid://syiq/Photo/264905">There's been plenty of talk about a slowdown in the superyacht sector. How does that compare with what you're seeing on the ground?I had real concerns at the end of 2024 that the momentum post-pandemic couldn’t possibly continue. The industry was running hot; sales in brokerage and new build were high, shipyards were under immense pressure due to full order books and delivery slots and we faced shortages across the board for good product, along with operational constraints, especially in the crewing sector, especially in crewing. A slowdown wasn’t just inevitable, in some ways it was needed.There was global uncertainty too: the US election, the Ukraine war and, more recently, instability in the Middle East. Typically, in an American election year, clients pause on speculation and sit tight. But interestingly, after the election result, we saw a steep uptake from December through February in both brokerage and charter. The US, which historically makes up over half of most firms’ sales, came back strongly.And has that recovery held into 2025? Not entirely. From March onwards, instability globally – tariffs, wars, shifting policies in Asia and the Far East has caused the momentum to dip again. The Middle East, which is a key charter market for us, softened slightly, and Asia was hesitant too, particularly in areas like Hong Kong and Singapore.What’s been fascinating for us at <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW</a> is that, while others are still talking about a slowdown, our figures are encouraging and have generally risen. We've seen a distinct rise in lead generation and, more importantly, a marked increase in conversions – particularly from our historical client database. Clients who’d previously stayed on the fence for two or three years are now engaging with intent. There’s also been real momentum in newer regions, with active conversations and transactions in markets such as Turkey, Uzbekistan, Mexico and Australia. We’ve seen a notable uplift in activity from those emerging territories, and a broader appetite for charter and brokerage alike.<img src="https://photo-assets.superyachttimes.com/photo/369119/image/large-bd5cdcfcfb6f166dbe4bcdfb56f35058.jpg" data-gid="gid://syiq/Photo/369119">Why do you think that is?&nbsp;I put it down to our digital-first approach. We made a conscious decision in the early 2020s to break from traditional formats and go all in on digital. We invested heavily in SEO &nbsp;and a large in-house marketing department, which has created a dynamic content strategy, delivered quickly. While others competed in the same space in the same way, we aimed to stand apart.Ultimately, while the market might be flattening in some segments, the demand is still there, it’s just a case of reaching clients the right way, with the right product, at the right moment.Which segment of the market do you think has been hit hardest?Although this isn’t my main area of expertise, it appears that the production segment has been hit fairly hard. A lot of shipyards pushed ahead post-COVID, expecting the momentum to continue, but sales didn’t match that optimism. There’s been a build-up of stock, especially in the US and dealers have struggled to shift it. It’s a riskier environment. However, we’re now seeing those inventories softening and the stock beginning to move, particularly with the US market picking back up.There’s also been a slight ‘factory reset’ on pricing and discounting, which more realistically reflects the reality of the market. And while we still operate in the production market, we’ve tightened our criteria. <a data-gid="gid://syiq/Company/4547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="TWW Yachts (Company)">TWW’s</a> sweet spot is really the 35 to 75-metre segment, where we continue to thrive.<img src="https://photo-assets.superyachttimes.com/photo/369118/image/large-82ab91d0f9e1ad6ecbc9b591991c44af.jpeg" data-gid="gid://syiq/Photo/369118" style="background-color: initial; font-size: 0.85rem;">You also mentioned the charter market – how is 2025 shaping up?Strong overall. We had a significant wave of bookings between December and February and then another surge from May onwards. That cycle is fairly typical with spring holidays diverting attention, but overall, we’ve written a lot of charters this year and are happy with the results to date.Interestingly, it’s the newer boats that are being booked early. Yachts over five to ten years old are proving more difficult to fill in our core range, while the larger yachts, 75 metres and up, are facing leaner calendars than usual. That market has been slower to recover.That said, crew is everything. We have older yachts in our fleet with over 11 weeks of charter booked because of phenomenal crews. Repeat business plays a huge role, and loyalty to captains and heads of departments outweigh age in some cases.As we look ahead to the autumn show season, how are things shaping up?The shows are full – both Cannes and Monaco. I love Cannes: it’s interactive, relaxed and productive - a great place to showcase product. We’re bringing three yachts this year: the 55-metre <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a>, the 37-metre <a data-gid="gid://syiq/Company/1756" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tansu Yachts (Company)">Tansu</a> <a data-gid="gid://syiq/Yacht/3414" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Preference 1936.4m (119'5&quot;)Tansu Yachts2011">Preference</a> 19 and <a data-gid="gid://syiq/Yacht/9334" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M Forever33.0m (108'3&quot;)Custom Line2021">M Forever</a> the 33-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a>.Monaco is busier and more intense, but also hugely exciting. We’re particularly proud to be bringing the brand new and recently delivered <a data-gid="gid://syiq/Yacht/11078" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You60.2m (197'6&quot;)Damen Yachting2025">After You</a>, a 60-metre explorer from <a data-gid="gid://syiq/Company/1821" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Damen Yachting (Company)">Damen Yachting</a> and her support vessel <a data-gid="gid://syiq/Yacht/12677" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emotional53.25m (174'8&quot;)Damen Yachting2025">Emotional</a>. They’re not for sale, but they’re going on a global voyage starting in Norway and heading through Greenland and the Northwest Passage and both are available for charter, the <a data-gid="gid://syiq/Company/54" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Heesen Yachts (Company)">Heesen</a> <a data-gid="gid://syiq/Yacht/1549" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="After You55.0m (180'5&quot;)Heesen Yachts2011">After You</a> and <a data-gid="gid://syiq/Yacht/853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Emerald50.4m (165'4&quot;)Feadship1990">Emerald</a>, the 51-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> will also be available for inspection.This article was first published in issue 54 of the SuperYacht Times newspaper, available for&nbsp;<a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

David Westwood on the shifting superyacht market

David Westwood on the shifting superyacht market, digital strategy and emerging charter trends

As the superyacht brokerage market moves through the third quarter of 2025, our Head of Intelligence, Ralph Dazert, takes a closer look at the much-talked-about downturn of the market, focusing on the new-build segment while also taking a quick snapshot of the used yacht market. <img src="https://photo-assets.superyachttimes.com/photo/205866/image/large-9e77ac14b51b37bd7308b59535ec24a2.jpg" data-gid="gid://syiq/Photo/205866">New-build sales: still behind but catching up &nbsp;The new-build market started 2025 in a jittery mood, with uncertainty about the US market and the Trump Administration’s policy of import tariffs, coupled with a downward trend in the European market, worrying brokers and shipyards alike. &nbsp;The market for GRP yachts built to a model (dominant up to about 45-metres) has definitely taken some hits, with some well-known manufacturers like <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a> and <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> in particular announcing staff reductions. Meanwhile, as of early August 2025, the share prices of the Italian builders <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a> and <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> had also taken hits over the past twelve months (-15% and -35% respectively year-on-year since early August 2024), as did the shares of <a data-gid="gid://syiq/Company/4696" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Alexander Marine USA (Company)">Alexander Marine</a>, the mother company of the Taiwanese builder <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> (-30% ), while the US yachting giant <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> (a large player in the sales of GRP-hulled boats and yachts up to 40-metres, among other activities) saw its share price decline by -22% since early August 2024. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233014/image/large-859455f9fc8cd7009c71f9afe386ee4c.jpg" data-gid="gid://syiq/Photo/233014">We noticed that the major builders of GRP yachts generally have more new-builds and dealer stock boats available than they did a year ago, meaning they have capital tied up in those boats for more extended periods of time. &nbsp;All that makes for pretty grim reading, but what do the numbers look like? They are definitely behind on the same period in 2024, about 10% down, from 111 sales for the year up to 31 July 2024, to 100 for the year up to 31 July 2025. &nbsp;But, those are just high-level numbers, so let’s take a closer look: &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369732/image/large-05acb7e14007169a5ee0284f3ba49a83.jpg" data-gid="gid://syiq/Photo/369732">New superyacht sales are following two divergent paths: sales of yachts up to 50-metres are down by 12% in numbers of yachts sold, while sales over 50-metres are stable. Interestingly, the decline between 30 and 40-metres can be attributed entirely to sailing yachts, which are down by six units year-on-year after experiencing something of a boom in 2024, as explained in our market column in SuperYacht Times issue 53. &nbsp;With attractive build slots for new sailing yachts currently in short supply, that segment has slowed down again. Even though sales numbers for motor yachts in the 30 to 40-metre segment appear to be stable, something has definitely changed in that market, as the share of stock sales (yachts completed on speculation and sold afterwards) has almost doubled compared to a year ago, from seven to 12 sales. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/232981/image/large-38c7f2ac13511369dc2615663dbd18d4.jpg" data-gid="gid://syiq/Photo/232981">Clearly, new yachts in this segment are taking longer to sell than they did before. Additionally, sales of projects started for the client have decreased by almost half compared to 2024, from 32 to 18 sales. Meanwhile, sales of projects started on speculation have increased slightly, from 12 to 16.The decline between 40 and 50-metres is mainly caused by lower sales of yachts up to 45-metres, which dropped by five units, while the number of sales above 45-metres (which are mainly steel-hulled yachts) has dropped by just one unit compared to the same period of 2024. &nbsp;Sales between 50 and 60-metres have held steady, while sales between 60 and 80-metres were up by one unit, as market activity in the larger segments is buzzing and appears to be largely unaffected by global economic and political turmoil. &nbsp;However, there is an important side note to be made here: we are hearing from several shipyards all over Europe that clients are taking longer and longer to sign on the dotted line and are actively playing out shipyards against each other more than before. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/235065/image/large-f66538822a46ab8fbc088b0df32647fe.jpeg" data-gid="gid://syiq/Photo/235065">Reportedly, clients at the top end of the market are baulking at Northern European price levels, as they perceive the new-build market as having weakened in their favour, so they are playing it hard. Meanwhile, yards in the top segment have little room to manoeuvre on the price. The order backlogs at the different players on the top end also vary, ranging from fully booked to yards that could use some extra capacity and are prepared to negotiate on price. &nbsp;At the moment, sales of newbuilds over 80-metres are still behind by one project. Still, the rather significant amount of large new-build projects under negotiation that we are tracking suggests that this new-build segment might notch up quite a few extra sales before the end of the year, making it a better year than 2024, which in itself was already a big improvement on 2023.&nbsp;So what about used yachts? &nbsp;The used yacht market warrants its own extensive study due to its sheer size and importance to the brokerage market overall. Still, for lack of space, we will leave you with a summary for the moment: the demand for used yachts over 30-metres appears to be stable compared to 2024 in terms of numbers of yachts sold, with 200 used yachts sold as of 31 July 2025, compared to 199 for the same period of the preceding year. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/233018/image/large-e530854b2f7981037879fc171adcbd1c.jpg" data-gid="gid://syiq/Photo/233018">The total gross tonnage (GT) sold is actually up by 8% to 93,500 GT, indicating that the average used yacht sold so far in 2025 is larger than in 2024. The total value of yachts sold so far in 2025 is hard to estimate, as we have already counted no less than 17 off-market deals so far in 2025 (including some huge yachts). Still, it is well over 3 billion euros, which is not dissimilar to our estimate for the same period for 2024. &nbsp;On paper, that is not all bad, but we are only in early August at the time of writing. As a final note, sales of used yachts appear to be following a slightly different pattern compared to those of new yachts, with the number of yachts sold between 30 and 40-metres down compared to last year, while sales between 40 and 50-metres slid after two positive years in 2023 and 2024. Sales over 50-metres are up, entirely due to a strong increase between 50 and 60-metres. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/369733/image/large-87ed2000a90cf58ad228f52c52bb381d.jpg" data-gid="gid://syiq/Photo/369733">ConclusionWhile the new-build market up to about 45-metres is very challenging at the moment, the larger segment is trending upward. In contrast, the used yacht market appears to be holding steady and exhibits similar divergent paths in sales numbers to the new yacht market, with total sales of yachts up to 50-metres down compared to last year, while sales of the larger superyachts over 50-metres are up. We are very curious to see how the rest of the year will play out for the market, with the important third quarter and its key yacht shows coming up.This article was first published in issue 54 of the SuperYacht Times newspaper, available for <a href="https://www.superyachttimes.com/newspaper/newspaper-issue-54" rel="noopener noreferrer" target="_blank" title="">download here</a>.

Superyacht market insight Q3 2025

Is the market slowing down? Ralph Dazert takes a look at current superyacht trends.

Is the superyacht brokerage market slowing down in 2025?

The 58.2-metre <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a> motor yacht <a data-gid="gid://syiq/Yacht/2030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Odyssey58.2m (190'11&quot;)CRN2013">Odyssey</a> has been sold. Michel Chryssicopoulos of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a> introduced the buyer, while Tim Vickers of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a> and Stuart Larsen of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> represented the seller under a joint central agency. <img src="https://photo-assets.superyachttimes.com/photo/388904/image/large-c98cd8028404e609f7f960644b31d631.jpg" data-gid="gid://syiq/Photo/388904">Delivered in 2013 by the Italian shipyard, <a data-gid="gid://syiq/Yacht/2030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Odyssey58.2m (190'11&quot;)CRN2013">Odyssey</a> was formerly named J'Ade.&nbsp;She features both exterior design and interior design crafted by <a data-gid="gid://syiq/Company/105" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Zuccon International Project (Company)">Zuccon International Project</a>, with naval architecture developed in-house by <a data-gid="gid://syiq/Company/12" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="CRN (Company)">CRN</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Odyssey58.2m (190'11&quot;)CRN2013">Odyssey</a> has a beam of 10.2-metres and a draft of three-metres. The yacht most recently underwent a refit in New Zealand in 2025.Spanning 939 GT, accommodation onboard is arranged for up to 13 guests across six well-appointed staterooms. Dedicated quarters provide accommodation for a crew of 13, including her captain.In terms of propulsion, <a data-gid="gid://syiq/Yacht/2030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Odyssey58.2m (190'11&quot;)CRN2013">Odyssey</a> 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, delivering a cruising speed of 14 knots and a top speed of 16 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/2030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Odyssey58.2m (190'11&quot;)CRN2013">Odyssey</a> had a last known asking price of €29,500,000.

58m CRN superyacht Odyssey sold

The 58m CRN superyacht Odyssey has been sold with a last known asking price of €29.5 million.

US-based boating and yacht retailer <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> has completed the refinancing of its $1.49 billion senior secured credit facilities.<img src="https://photo-assets.superyachttimes.com/photo/265732/image/large-de8e35a3c695c7a0ca1d7601fa95da7d.jpg" data-gid="gid://syiq/Photo/265732">The company has replaced its existing loans with a new financing package designed to lower borrowing costs, increase financial flexibility and extend the repayment deadline to June 2031.The refinancing includes a $950 million inventory financing facility, a $302.5 million term loan, a $150 million revolving credit facility, which replaces a $100 million facility and an $85 million delayed draw mortgage facility, of which $35 million is currently outstanding and replaces the previous $100 million facility.“This refinancing strengthens our financial position by lowering our borrowing costs, extending our maturity and providing additional liquidity to support the continued execution of our long-term strategy,” explained Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a>.The financings were led by M&amp;T Bank as Administrative Agent and Joint Lead Arranger, along with Wells Fargo Commercial Distribution Finance as Joint Lead Arranger and Floor Plan Agent.“Successfully completing this transaction on improved terms in today’s marine industry environment underscores the strength of our lender relationships and reflects the confidence they have in our operating performance, disciplined capital allocation, healthy balance sheet and management team,” concluded McLamb.&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">In May 2026</a>, Reuters reported that <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> was preparing for a potential sale of the company. One potential buyer had raised its offer and one prominent private equity firm was conducting due diligence, with the <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> board of directors agreeing to move forward with a sale process.Read more:&nbsp;<a data-gid="gid://syiq/Article/66058" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax explores potential sale as Donerail raises its bid (2026-05-12 10:45:00 +0200)">MarineMax explores potential sale as Donerail raises its bid</a>Headquartered in Clearwater, Florida, <a data-gid="gid://syiq/Company/1312" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MarineMax (Company)">MarineMax</a> operates 65 marinas and storage locations, alongside 70 dealerships, offering yachts for sale, as well as marine services through its acquisition of <a data-gid="gid://syiq/Company/2184" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Island Global Yachting (Company)">Island Global Yachting (IGY)</a> in 2022, as well as <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> and <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>.&nbsp;

MarineMax refinances $1.49 billion credit facilities

MarineMax has completed the refinancing of its $1.49 billion senior secured credit facilities.

MarineMax refinances $1.49 billion credit facilities, extending debt maturity to 2031

Paul Kinkley, the owner of the Bering 78,&nbsp;<a data-gid="gid://syiq/Yacht/16808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slow Ride23.85m (78'3&quot;)Bering Yachts2026">Slow Ride</a>, sits down with Leona Caanen to chat about his brand new yachts, her personalised features and his upcoming cruising plans.Sitting across from me is Paul Kinkley, Canadian native and the owner of the brand new <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering</a> 78. The 23.85-metre superyacht, named <a data-gid="gid://syiq/Yacht/16808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slow Ride23.85m (78'3&quot;)Bering Yachts2026">Slow Ride</a>, is currently in process of delivery at <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a>, in Turkey. Earlier this year, Paul visited the yard for the yacht’s official launch.<img src="https://photo-assets.superyachttimes.com/photo/398589/image/large-392751553f2d2f178de6f73300a22a02.jpg" data-gid="gid://syiq/Photo/398589">The yacht’s name comes from a song by Foghat, and is something Paul’s entire family connected with. “We narrowed it down from about a 100 names to 10, and then five and then three, and eventually I just pulled the trigger. <a data-gid="gid://syiq/Yacht/16808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slow Ride23.85m (78'3&quot;)Bering Yachts2026">Slow Ride</a> made the most sense, we all related to it”, recalls Paul, who is very much a family man. On a cloudy day in January, as the yacht was launched, Paul blasted 'Slow Ride'&nbsp;on the yacht’s speakers whilst taking the yacht for her very first ride.<img src="https://photo-assets.superyachttimes.com/photo/382519/image/large-136ef5f4fa7f10e6c8be257f7d67b10b.jpg" data-gid="gid://syiq/Photo/382519" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> Love at first sightPaul has closely followed the build process along. “From the time of ordering the boat to hand over, it’s a long period,” shares Paul. Yet building his very own yacht is something Paul has thought about for a long time. “We’ve had used boats, I’ve always fixed them up, put the systems I wanted on them,” Paul continues, “I was watching boating videos and stumbled upon the <a data-gid="gid://syiq/Yacht/16808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slow Ride23.85m (78'3&quot;)Bering Yachts2026">Bering Yachts</a> channel, and decided to give them a call.”“Honestly, we didn’t actually look anywhere else,” Paul mentions, “when I saw the videos and chatted with Alexei, he was just so down-to-earth, and I loved the style of the boat, it was unique looking.” Paul felt like the <a data-gid="gid://syiq/Company/4385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bering Yachts (Company)">Bering Yachts</a> Shipyard in Antalya was the right fit, “the yacht is a steel hull, which is precisely what I was looking for.”Having always owned pre-built yachts, Paul’s patience has been tested, not just because of his excitement to cruise onboard the yacht, but also because a week after signing the deal, Paul’s other yacht, sitting in Fort Myers, Florida, was destroyed by hurricane Ian. “It’s quite surreal that it happened like that.” Getting to launch the yacht and see her touch the water was a great moment of both relief and excitement.<img src="https://photo-assets.superyachttimes.com/photo/382538/image/large-b3a6aabc47478833dc3131bd137e923b.jpg" data-gid="gid://syiq/Photo/382538">Designing a superyachtThe yacht is a semi-custom, so while the bones were pre-designed, there were plenty of choices left for Paul and his family to decide on. The stand-out choice has been the colour of the hull: “we probably went through 15 or 20 different colour renders, and Carol likes blue, so we were searching for the perfect colour” Paul recalls. Upon finding a colour they liked, Paul asked the yard to send a big colour swatch: “a computer only shows so much, but as soon as we saw the swatch we fell in love with the colour.”The interiors feature a softer, more neutral palette than the teal exterior, across an open floor plan that seamlessly connects the galley with the saloon and features large windows, providing plenty of natural lighting. The galley looks out onto the aft deck, where a table for ten creates the ideal place for al fresco dining, enjoying sunsets or a delicious morning coffee.A diesel electrician by trade, Paul is especially happy with how the engine room turned out. “Anything mechanical I love,” Paul highlights, “we’ve packed that room like you can’t believe: we’ve changed some of the electronics, the AC systems, upgraded it to 48 volt.” The engine room was expanded, getting rid of the crew head, as “we’re not really crew people anyways.” <img src="https://photo-assets.superyachttimes.com/photo/382508/image/large-8957a0d4c70d67e74479c8a653443b1a.jpg" data-gid="gid://syiq/Photo/382508" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Feeling secure<a data-gid="gid://syiq/Yacht/16808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slow Ride23.85m (78'3&quot;)Bering Yachts2026">Slow Ride</a> marks a sense of security, but also of freedom, and a big point of purchasing a yacht was ensuring Paul and Carol could manage it themselves: &nbsp;“It’s important to us that we can run the yacht by ourselves; not having to run upstairs, worrying about fenders.”The yachts that Paul previously owned were great, but ”they never had everything on it that we wanted; I was constantly busy converting yachts we purchased,” shares Paul. With <a data-gid="gid://syiq/Yacht/16808" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Slow Ride23.85m (78'3&quot;)Bering Yachts2026">Slow Ride</a>, Paul has “all the systems onboard: not having to go in for pump outs anymore because there is a sewage treatment plan onboard and dual water makers so you have the back-up.” A lot of the technological systems introduced onboard are not just for comfort of long distance cruising, but also to feel safe and secure when cruising: “Just knowing all this is onboard, in case something happens while cruising with my family, I don’t worry so much,” shares Paul.<img src="https://photo-assets.superyachttimes.com/photo/398588/image/large-2631ff32ceef53dd64b3c6380ef5683d.jpg" data-gid="gid://syiq/Photo/398588" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">A sense of freedomOne place that is definitely on the cruising destination is a little fishermen village, near the shipyard that Paul and Carol visited a while ago. “We befriended the owner of a restaurant, he’s a fantastic chef, and we promised that once we have the yacht, we’ll come visit and enjoy dinner together.”&nbsp;Besides the shores of Turkey, Paul is eager to explore the Mediterranean: “We’ve never boated in the Mediterranean, but I’ve done lots of research on it, followed lots of sailboaters online.” Having itineraries planned out, thanks to fellow yachties, and with the yacht ready cruise, Paul and Carol are bound to have a great summer in the Mediterranean, “getting as close to shore as I can with the shallow draft.”<img src="https://photo-assets.superyachttimes.com/photo/398590/image/large-1289eb29cd7094aadb3ee64b0312c4f1.jpg" data-gid="gid://syiq/Photo/398590" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">

A Slow Ride: building a Bering 78

Paul Kinkley, owner of the Bering 78 Slow Ride, talks to Leona Caanen about his new yacht, custom features and cruising plans.

Not your average Slow Ride

The 29-metre <a data-gid="gid://syiq/Company/5027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rockport Marine (Company)">Rockport Marine</a> custom modern sailing yacht <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> has completed several days of sea trials on Penobscot Bay in Maine, USA.<img src="https://photo-assets.superyachttimes.com/photo/398584/image/large-a0883d7562b7df697b5ff8b85c24ac47.jpg" data-gid="gid://syiq/Photo/398584">Launched in November 2025, <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> boasts a sleek and classic profile, with exterior design and naval architecture by Rhode Island-based <a data-gid="gid://syiq/Company/566" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Langan Design Partners (Company)">Langan Design Partners</a> and interior design penned by <a data-gid="gid://syiq/Company/4404" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Mark Whiteley Design (Company)">Mark Whiteley Design</a>. <img src="https://photo-assets.superyachttimes.com/photo/398576/image/large-334292580aaa60591183cfa032d23116.jpg" data-gid="gid://syiq/Photo/398576"><img src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/398566/image/large-b62cc1cec34ae895c6fda22e8252c02d.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260630%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260630T122205Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=32e0350722fae71f9a680aaa6828734633e31a8034a05be7f86c8a2a6facb842" data-gid="gid://syiq/Photo/398566">During her sea trials, <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> demonstrated her sailing capabilities with the help of her simple sail plan from <a data-gid="gid://syiq/Company/1213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Doyle Sailmakers (Company)">Doyle Sails</a>, which includes a mainsail, Yankee (a high-cut jib) and staysail, plus a Code Zero headsail for off-wind sailing.<img src="https://photo-assets.superyachttimes.com/photo/398578/image/large-1a840dcd39a1586172ddc225bd3871a2.jpg" data-gid="gid://syiq/Photo/398578"><img src="https://photo-assets.superyachttimes.com/photo/398574/image/large-0625422c4846fea0c40161cd9c13c627.jpg" data-gid="gid://syiq/Photo/398574">“The boat responded and behaved in the ways we expected,” explained Designer Tom Degrémont of <a data-gid="gid://syiq/Company/566" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Langan Design Partners (Company)">Langan Design Partners</a>. “The impression of power, the speeds we reached, the feeling of control at the helm, the balance of the boat — everything felt exactly like I’d hoped it would feel.”<img src="https://photo-assets.superyachttimes.com/photo/398575/image/large-0d3fae10cbdea2c54f1bfaec311774fc.jpg" data-gid="gid://syiq/Photo/398575">The owner of <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> chose a deeper-draft keep of 12-feet and a powerful sail plan of more than 4,500 square-feet of sail upwind for performance. This allowed the yacht to reach speeds of 12 knots in 15 knots of breeze, while maintaining 10 knots upwind and tacking through less than 90 degrees under a Yankee and staysail.<img src="https://photo-assets.superyachttimes.com/photo/398583/image/large-cb999d72250aa8e4795014422495fcf7.jpg" data-gid="gid://syiq/Photo/398583">Interior designer Mark Whiteley was also onboard during her sea trials and described his first impression of <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> on the water: “She’s a big boat! Walking down the gangway to the dock, there were all these pretty, beautiful wooden <a data-gid="gid://syiq/Company/1147" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Concordia (Company)">Concordia</a> yawls and other boats, but <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> is a magnificent and towering yacht in her own right.”<img src="https://photo-assets.superyachttimes.com/photo/398573/image/large-681e25f0283c6e36ffdb9cb49298afe6.jpg" data-gid="gid://syiq/Photo/398573">“Her freeboard is obviously quite a lot higher, so she stands out and looks stunning. As it happened, we hit a particularly nice stretch of strong wind, and she briefly did over 13 knots. It’s a lovely feel to the yacht that goes with her modern classical style.”<img src="https://photo-assets.superyachttimes.com/photo/398567/image/large-2377a42c85d0df772d22a97d35dbb209.jpg" data-gid="gid://syiq/Photo/398567">Constructed by <a data-gid="gid://syiq/Company/5027" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rockport Marine (Company)">Rockport Marine</a>, <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a>’s hull is a cold-moulded wooden composite, which uses a construction method of pairing Douglas fir and western red cedar wood, with carbon-fibre, E-glass and foam cores to create a lightweight structure. &nbsp;<img src="https://photo-assets.superyachttimes.com/photo/398565/image/large-f3fda1aca40f2f9833a3ab1ca9d18aec.jpg" data-gid="gid://syiq/Photo/398565">“After years of design debate, discussion, inspections and testing, to hoist the main and headsails and heel the yacht over for the first time was a profoundly rewarding milestone,” concluded Peter Wilson of <a data-gid="gid://syiq/Company/742" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MCM (Company)">Marine Construction Management (MCM)</a>.“It came as no surprise to me that <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> performed excellently. Simply put, <a data-gid="gid://syiq/Yacht/13223" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Project Ouzel29.0m (95'2&quot;)Rockport Marine 2026">Ouzel</a> ticks all the boxes.”<img src="https://photo-assets.superyachttimes.com/photo/398577/image/large-8a63ff352fa4fd80f046dbc071c9236d.jpg" data-gid="gid://syiq/Photo/398577">

Ouzel: 29m Rockport Marine yacht on sea trials

The 29-metre Rockport Marine custom modern sailing yacht Ouzel has completed several days of sea trials on Penobscot Bay in Maine, USA.

29m Rockport Marine custom modern sailing yacht Ouzel on sea trials

The 26.95-metre <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> motor yacht <a data-gid="gid://syiq/Yacht/12229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Aga26.95m (88'5&quot;)Ferretti Yachts2023">Lady Aga</a> has been listed for sale with Patryk Uznanski of <a data-gid="gid://syiq/Company/6641" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Marine (Company)">Patrick Marine</a> and Kevin Bonnie of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. <img src="https://photo-assets.superyachttimes.com/photo/398545/image/large-6e03f3ff7e8d134b90a99abb463e5470.jpg" data-gid="gid://syiq/Photo/398545">Delivered in 2023 by the Italian shipyard, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" rel="noopener noreferrer" target="_blank" title="">motor yacht for sale</a> forms part of the <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a> 860 series. <a data-gid="gid://syiq/Yacht/12229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Aga26.95m (88'5&quot;)Ferretti Yachts2023">Lady Aga</a> features exterior design by <a data-gid="gid://syiq/Company/5547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Filippo Salvetti (Company)">Filippo Salvetti</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/5853" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="ideaeITALIA (Company)">Ideaeitalia</a>. Naval architecture was developed in-house by <a data-gid="gid://syiq/Company/361" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Yachts (Company)">Ferretti</a>. <img src="https://photo-assets.superyachttimes.com/photo/398544/image/large-eb37dae9115fefa2bdbe0ca1c1525280.png" data-gid="gid://syiq/Photo/398544">Constructed with a GRP hull and superstructure, she has a beam of 6.22-metres and a shallow draft of 1.4-metres, enabling the yacht to access lagoons and shallow reefs. <img src="https://photo-assets.superyachttimes.com/photo/398549/image/large-abeefc42468c243e6a39c40c94d58dfb.jpg" data-gid="gid://syiq/Photo/398549">In terms of outdoor living, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=ferretti" rel="noopener noreferrer" target="_blank" title="">Ferretti yacht for sale</a> is centred around an expansive flybridge measuring more than 40 square metres. Outfitted with an opening hardtop, a Jacuzzi, bar, dining area, retractable television and extended lounge spaces, it has been designed as the yacht's primary social hub.<img src="https://photo-assets.superyachttimes.com/photo/398550/image/large-4ce7253ea855352b54e795f9bbdf85d0.jpg" data-gid="gid://syiq/Photo/398550">Additional outdoor living spaces include a foredeck lounge and aft cockpit, creating various spots for open-air meals and unwinding. Moreover, a 16-square-metre garage conveniently houses both a <a data-gid="gid://syiq/Company/4203" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Williams Jet Tenders (Company)">Williams</a> 395 tender and a Jet Ski. <img src="https://photo-assets.superyachttimes.com/photo/398552/image/large-1aad0801c26d3679e83cf1759556ba18.jpg" data-gid="gid://syiq/Photo/398552"><img src="https://photo-assets.superyachttimes.com/photo/398551/image/large-b05b18ab4709f7afde9e3cbb6018ad88.jpg" data-gid="gid://syiq/Photo/398551">Stepping Inside, the <a data-gid="gid://syiq/Yacht/12229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Aga26.95m (88'5&quot;)Ferretti Yachts2023">yacht Lady Aga&nbsp;for sale</a> embraces a contemporary interior characterised by dark wood finishes and soft neutral furnishings. Her panoramic main saloon boasts floor-to-ceiling windows, letting in plenty of natural light alongside uninterrupted views of the ocean. Guest accommodations continue her minimalist and elegant aesthetic featuring muted textiles and marble-accented ensuite bathrooms.<img src="https://photo-assets.superyachttimes.com/photo/398548/image/large-568c82f670d5124f8f19a8c6c6ddfbc8.jpg" data-gid="gid://syiq/Photo/398548"><img src="https://photo-assets.superyachttimes.com/photo/398547/image/large-3cebe6718f1b379a6e3ad0c0888c1637.jpg" data-gid="gid://syiq/Photo/398547">At an interior volume of 154 GT, accommodation onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" rel="noopener noreferrer" target="_blank" title="">yacht for sale</a> is arranged for up to nine guests across four well-appointed staterooms, including a full-beam owner's suite. Separate quarters sleep up to four crew members, including her captain.<img src="https://photo-assets.superyachttimes.com/photo/398559/image/large-05a43de694a1716fa9b2bf56c3d8d87f.jpg" data-gid="gid://syiq/Photo/398559"><img src="https://photo-assets.superyachttimes.com/photo/398562/image/large-0fc6d779722569ebc5c20ee208ba2bfb.jpg" data-gid="gid://syiq/Photo/398562"><img src="https://photo-assets.superyachttimes.com/photo/398563/image/large-8684a8d7d3354982f497f6ce3138dc55.jpg" data-gid="gid://syiq/Photo/398563">In terms of performance, the <a data-gid="gid://syiq/Yacht/12229" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Aga26.95m (88'5&quot;)Ferretti Yachts2023">yacht&nbsp;Lady Aga 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, providing a cruising speed of 20 knots and a top speed of 28 knots. <img src="https://photo-assets.superyachttimes.com/photo/398546/image/large-31e92481951ec99a21c55a1d3655f164.png" data-gid="gid://syiq/Photo/398546">All images provided courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

 27m Ferretti motor yacht Lady Aga for sale

The 27m Ferretti 860 motor yacht Lady Aga has been listed for sale with Patrick Marine and IYC.

27m Ferretti motor yacht Lady Aga for sale

<a data-gid="gid://syiq/Company/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luiz de Basto Designs (Company)">DeBasto Designs</a> has unveiled the first details of the new 70-metre explorer yacht Project Quest, in collaboration with <a data-gid="gid://syiq/Company/44" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Abeking & Rasmussen (Company)">Abeking &amp; Rasmussen</a>. <img src="https://photo-assets.superyachttimes.com/photo/398541/image/large-fc280a8327d52fae8e97a65200c427e4.jpg" data-gid="gid://syiq/Photo/398541">Designed with a striking metallic blue hull and superstructure, Project Quest boasts a strong profile with white accented deck overhangs. “Her exterior design is modern and aggressive, setting her apart from the generic standard explorers on the market,” explained designer Luiz DeBasto.&nbsp;Project Quest is defined by a sweeping ascending sheerline curve, with extensive glazing throughout. &nbsp;Her full-beam main saloon benefits from floor-to-ceiling windows which elevate her connection to the sea and provide plenty of light inside.&nbsp;Her large aft deck flows seamlessly into her main saloon and dining area on the main deck, which also includes an elevator which services her sun, main and lower decks. Amidships on the main deck is a VIP suite, alongside her full-beam owner’s suite.<img src="https://photo-assets.superyachttimes.com/photo/398540/image/large-7c20dbf44a9650793545b9b01da6d978.jpg" data-gid="gid://syiq/Photo/398540">Situated forward, her owner’s suite benefits from his-and-hers ensuite bathrooms, a California king-size bed and the possibility of sliding doors which lead to terraces on both her port and starboard.The lower deck of Project Quest includes four additional guest suites, alongside accommodation for a crew of 16 across eight cabins. This deck is also home to a spa, as well as her garage, which includes a side opening door for easy access to her water toys.&nbsp;Moving to her upper deck, guests onboard Project Quest can unwind in her skylounge, before making their way to her aft deck to relax on her deck. Here, an alfresco dining space for 10 allows for outdoor meals, while additional lounge seating makes the perfect spot for an aperitif cocktail. <img src="https://photo-assets.superyachttimes.com/photo/398539/image/large-923db6accf3de9468847a780e33b6c3e.jpg" data-gid="gid://syiq/Photo/398539">For those looking to top up their tans, the sundeck of Project Quest plays host to a whirlpool spa, with integrated seating and the addition of sun loungers. The 70-metre yacht also boasts a touch-and-go helideck for extended exploration opportunities.&nbsp;As well as this, Project Quest is equipped with 10-ton cranes integrated into her aft deck bulwarks and the capability of carrying two 12.8-metre tenders. In terms of performance, Project Quest uses a diesel-electric propulsion system, providing the explorer yacht with great autonomy and range.

Project Quest: 70m Abeking & Rasmussen yacht concept by DeBasto

DeBasto Designs has unveiled the first details of the new 70-metre explorer yacht Project Quest, in collaboration with Abeking & Rasmussen.

DeBasto unveils 70m Abeking & Rasmussen explorer yacht concept Project Quest

<a data-gid="gid://syiq/Company/8906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparfell (Company)">Sparfell Group</a> has acquired a strategic equity stake in South of France-based yachting brokerage and management company <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a>.The move aligns with <a data-gid="gid://syiq/Company/8906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparfell (Company)">Sparfell Group</a>'s continued development in providing services across private aviation, yachting, lifestyle and bespoke client support for an international clientele. Both companies have noted that this milestone builds on several years of close collaboration, founded on shared standards, mutual trust and a common understanding of client expectations.<img src="https://photo-assets.superyachttimes.com/photo/398542/image/large-fc3a3e0aa8d40c25fa60709314b387c2.png" data-gid="gid://syiq/Photo/398542">Founded in 2009, <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a> specialises in yacht sales and purchase, charter, yacht management and consultancy services. Headquartered in Nice, the company also operates through a network of international offices across Europe and Asia. Under the new structure, the company will continue to operate under its established identity, with founder Nicolas Valin remaining as CEO.According to <a data-gid="gid://syiq/Company/8906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparfell (Company)">Sparfell</a>, the move reflects the growing demand from private clients, yacht owners and family offices seeking a single trusted partner capable of supporting their aviation, yachting, lifestyle, travel and property requirements through an integrated service offering.Clients of <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a> will continue to benefit from their existing relationships while gaining access to Sparfell Group's wider international ecosystem and complementary services.Commenting on the announcement, <a data-gid="gid://syiq/Person/623" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nicolas Valin, France (Person)">Nicolas Valin</a>, Founder and CEO of <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a>, said: "This was a natural evolution for <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a>. <a data-gid="gid://syiq/Company/8906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparfell (Company)">Sparfell</a> and <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a> have worked closely together for several years, and we share the same values."He continued: "Joining the <a data-gid="gid://syiq/Company/8906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparfell (Company)">Sparfell Group</a> allows us to grow internationally while preserving the identity and service culture that define <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a>."Moreover, Clément Lacoste, Managing Director of <a data-gid="gid://syiq/Company/8906" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sparfell (Company)">Sparfell</a> Lifestyle added: "Many of our clients already trust Sparfell to support them across different aspects of their lives and assets, and yachting was a natural extension of that relationship. <a data-gid="gid://syiq/Company/2511" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Neo Yachting (Company)">Neo Yachting</a> was already a trusted partner, including for shared clients, so strengthening our collaboration was a logical next step."

 Neo Yachting joins Sparfell Group

 Neo Yachting has joined Sparfell Group following the aviation group taking an equity stake in the yachting brokerage. 


Sparfell Group acquires strategic equity stake in Neo Yachting

Italy-based shipyard <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amer Yachts S.p.A. (Company)">Permare</a> has announced the launch of the 41.45-metre Amer 42 Explorer yacht <a data-gid="gid://syiq/Yacht/12235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Even Further41.45m (135'12&quot;)Amer Yachts S.p.A.2026">Even Further</a>. The launch marks the debut of the shipyard’s new custom steel yacht line.<img src="https://photo-assets.superyachttimes.com/photo/398522/image/large-1acd72b04183e12e915641e259178b77.jpg" data-gid="gid://syiq/Photo/398522">First unveiled as the Amer Steel Explorer 41 at the <a data-gid="gid://syiq/Event/122" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Yacht Show - 2022">2022 Monaco Yacht Show</a>, the explorer has since entered the water and completed her initial open-sea trials, where she recorded a fuel consumption of just 60 litres per hour at 9.5 knots in Eco Mode.Read more:&nbsp;<a href="https://sya.superyachttimes.com/news/per:24/title:amer/published:0/not_published:0#managed-by-system" target="_blank">Amer 41 steel explorer superyacht revealed at MYS 2022</a><img src="https://photo-assets.superyachttimes.com/photo/398526/image/large-de46c8c0cea990e0536ba4f8336639fe.jpg" data-gid="gid://syiq/Photo/398526">She was designed inside and out by <a data-gid="gid://syiq/Company/283" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luiz de Basto Designs (Company)">Luiz de Basto</a>, with naval architecture by <a data-gid="gid://syiq/Company/5771" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Optima Design (Company)">Optima Design</a>. The steel-hulled explorer features an aluminium superstructure and is built to Ice Class standards for long-range cruising.Following the sea trials, the shipyard said the 440-tonne yacht is capable of a transoceanic range of 8,900 nautical miles in Eco Mode from her 56,300-litre fuel capacity. It added that the yacht’s performance figures exceeded those projected during the design phase.<img src="https://photo-assets.superyachttimes.com/photo/398524/image/large-e627f566ee6eb6b38cc33fffaa22589e.jpg" data-gid="gid://syiq/Photo/398524">“This exceptional result is the outcome of a long and relentless pursuit of improved performance and reduced fuel consumption and emissions,” commented <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amer Yachts S.p.A. (Company)">Amer Yachts</a> CEO Barbara Amerio. “We started in the late 1980s and, well before these topics became widely discussed, chose a path that today rewards us for the great sacrifices and initial scepticism we encountered. It is an advantage we can offer to our clients and to charter units, which are particularly sensitive to rising fuel costs.”The explorer combines expedition capabilities with Mediterranean-inspired aesthetics. <a data-gid="gid://syiq/Yacht/12235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Even Further41.45m (135'12&quot;)Amer Yachts S.p.A.2026">Even Further</a> features a high bow, a touch-and-go helipad, a 17-metre flybridge, and twin 8,000-kilogram cranes integrated into the superstructure for launching and retrieving tenders.<img src="https://photo-assets.superyachttimes.com/photo/398523/image/large-ea3dd745dc2ddd33a90ca60521f2a84e.jpg" data-gid="gid://syiq/Photo/398523">According to the shipyard, the yacht’s efficiency is the result of an innovative steel hull combined with an aluminium superstructure and an integrated propulsion package developed in collaboration with <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a>. The project follows more than a decade of research into applying IPS pod drives to larger steel-displacement yachts, a configuration traditionally reserved for smaller vessels.“The collaboration with <a data-gid="gid://syiq/Company/1364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amer Yachts S.p.A. (Company)">Amer Yachts</a>, the result of more than 12 years of joint research and experimentation, demonstrates how technological innovation can radically transform the future of navigation, even over long distances,” said <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> Vice President Yacht &amp; Superyacht Nicola Pomi.<img src="https://photo-assets.superyachttimes.com/photo/398525/image/large-e06d2a8c744d72b88753426e8e0c2df9.jpg" data-gid="gid://syiq/Photo/398525">Powered by quadruple <a data-gid="gid://syiq/Company/5350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Volvo Penta (Company)">Volvo Penta</a> D13 engines connected to twin IPS40 pod drives, <a data-gid="gid://syiq/Yacht/12235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Even Further41.45m (135'12&quot;)Amer Yachts S.p.A.2026">Even Further</a> has a cruising speed of 14 knots and a top speed of 16.3 knots. In Eco Mode, two of the four engines are engaged, enabling the yacht to achieve ultra-low consumption and extended range efficiency during long passages.

First Amer 42 Explorer yacht Even Further launched

 Italy-based shipyard Permare has announced the launch of the 41.45-metre explorer yacht Amer 42 Explorer yacht Even Further.

<img src="https://photo-assets.superyachttimes.com/photo/398457/image/large-ff8ad46878c4170ffa4d1a3b4b244459.jpg" data-gid="gid://syiq/Photo/398457">The 138.6-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/237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rising Sun138.6m (454'9&quot;)Lürssen Yachts2004">Rising Sun</a> has been spotted off the coast of Deià, on the Spanish island of Mallorca, where she is currently anchored.Twenty years after her delivery, <a data-gid="gid://syiq/Yacht/237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rising Sun138.6m (454'9&quot;)Lürssen Yachts2004">Rising Sun</a> underwent a nine-month refit at <a data-gid="gid://syiq/Company/23" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lürssen Yachts (Company)">Lürssen's</a> Hamburg facilities beginning August 2024. She features a streamlined exterior with strong horizontal lines designed by <a data-gid="gid://syiq/Company/8232" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Jon Bannenberg Ltd (Company)">Jon Bannenberg</a>, while her interiors were created by <a data-gid="gid://syiq/Company/1193" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seccombe Design (Company)">Seccombe Design</a>. Originally conceived as a 120-metre superyacht, her commissioning owner opted to extend her by 18-metres during construction.With a volume of 7,841 GT, <a data-gid="gid://syiq/Yacht/237" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rising Sun138.6m (454'9&quot;)Lürssen Yachts2004">Rising Sun</a> is characterised by her expansive interior spaces and superstructure lined with full-height curved windows. Highlights include a dedicated owner's deck complete with a panoramic saloon and a spacious aft deck.In terms of propulsion, she is powered by quadruple <a data-gid="gid://syiq/Company/1409" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="MTU (Company)">MTU</a> engines, enabling the yacht to cruise at 26 knots and reach a top speed of 28 knots.

Lürssen yacht Rising Sun in Mallorca

The 138.6-metre Lürssen superyacht Rising Sun has been spotted anchored off the coast of Deià.

139m Lürssen superyacht Rising Sun in Mallorca

The 89-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> 828 yacht <a data-gid="gid://syiq/Yacht/12427" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milky Way89.0m (291'12&quot;)Feadship2026">Milky Way</a> has been spotted on sea trials following her launch from the <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> Royal Van Lent shipyard in Amsterdam, the Netherlands earlier this month. <img src="https://photo-assets.superyachttimes.com/photo/398534/image/large-2e8b5478414d4bb2fb17f5a9f8cc3b63.jpg" data-gid="gid://syiq/Photo/398534">Construction on <a data-gid="gid://syiq/Yacht/12427" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milky Way89.0m (291'12&quot;)Feadship2026">Milky Way</a> began in 2023, with the yacht seen outside the shed for the first time in May 2025, when her hull was launched from the NMC hull fabrication shipyard in Nieuw-Lekkerland, the Netherlands.Read more: <a data-gid="gid://syiq/Article/63248" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Exclusive: 89m highly-secretive Feadship 828 superyacht seen for the first time (2025-05-05 15:15:00 +0200)">89m highly-secretive Feadship 828 superyacht seen for the first time</a><img src="https://photo-assets.superyachttimes.com/photo/398536/image/large-cb5582a74ec9c13f521b6bc92bdfa76a.jpg" data-gid="gid://syiq/Photo/398536"><img src="https://photo-assets.superyachttimes.com/photo/398532/image/large-32e1710606893ca622886d5babd738be.jpg" data-gid="gid://syiq/Photo/398532">Built with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/12427" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milky Way89.0m (291'12&quot;)Feadship2026">Milky Way</a> features exterior design and naval architecture 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>, with interiors by British design studio <a data-gid="gid://syiq/Company/61" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="RWD (Company)">RWD</a>. The design brief was focused on creating a highly flexible multi-use yacht, with technical support for the project provided by <a data-gid="gid://syiq/Company/6940" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Occam Marine (Company)">Occam Marine</a>.<img src="https://photo-assets.superyachttimes.com/photo/398531/image/large-4f27fe1d0894b7acf3f419cc37e0d877.jpg" data-gid="gid://syiq/Photo/398531"><img src="https://photo-assets.superyachttimes.com/photo/398535/image/large-855af65ace08c6f81e87016851873fc3.jpg" data-gid="gid://syiq/Photo/398535"><a data-gid="gid://syiq/Yacht/12427" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milky Way89.0m (291'12&quot;)Feadship2026">Milky Way</a> is defined by a purposely long bow, which is designed to optimise her exterior deck spaces, while her interior incorporates soft, flowing lines to create a cohesive spatial experience throughout. New images show an infinity symbol on her stern, with her name still displaying as both <a data-gid="gid://syiq/Yacht/12427" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Milky Way89.0m (291'12&quot;)Feadship2026">Milky Way</a> and Royal Van Lent 828 on AIS. <img src="https://photo-assets.superyachttimes.com/photo/398528/image/large-2f9766f29abba62a444d06e89151916d.jpg" data-gid="gid://syiq/Photo/398528"><img src="https://photo-assets.superyachttimes.com/photo/398530/image/large-e172d1824dd68c0decfc2cde171baae3.jpg" data-gid="gid://syiq/Photo/398530"><img src="https://photo-assets.superyachttimes.com/photo/398529/image/large-8e93fbe0bcd04463104484f7cb49d96e.jpg" data-gid="gid://syiq/Photo/398529">According to <a href="https://sytiq.superyachttimes.com/" rel="noopener noreferrer" target="_blank" title="">SuperYacht iQ</a>, <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> has several yachts in-build, including the 143.5-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> 831 superyacht <a data-gid="gid://syiq/Article/65813" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bow of secretive 140m+ Feadship yacht seen for the first time (2026-04-09 15:45:00 +0200)">Project Maestro, which was seen for the first time in April 2026</a> and the 101.2-metre <a data-gid="gid://syiq/Company/29" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Feadship (Company)">Feadship</a> 1014 yacht <a data-gid="gid://syiq/Article/66132" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="101m Feadship 1014 superyacht on sea trials (2026-05-21 14:30:00 +0200)">Destiny, which was spotted on sea trials in May 2026</a>.<img src="https://photo-assets.superyachttimes.com/photo/398533/image/large-9e2d7fb2eb57f2359795b6a61d3a195a.jpg" data-gid="gid://syiq/Photo/398533">

Milky Way: 89m Feadship 828 yacht on sea trials

The 89-metre Feadship 828 yacht Milky Way has been spotted on sea trials following her launch earlier this month. 

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