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Fourth 50m hybrid Tankoa S501 takes shape in Genoa

New-Build
Written by
Laura Nicholls

Now 40% complete, the speculation 49.99-metre Tankoa S501, known as Project Elettra, is on track to be delivered at the end of 2021. The new hybrid yacht is the fourth unit in the 50-metre series designed by Francesco Paszkowski for the Tankoa shipyard.Tankoa S502 Elettra yacht in build in GenovaPhoto: Giuliano Sargentini / Tankoa YachtsAs seen in recent photos from the yard, the hull and superstructure are competed and assembled and installation of the main machinery is in progress including a hybrid propulsion package from MAN and Siemens that will be installed and provide three cruising modes: traditional- diesel, diesel-electric and full-electric.Tankoa S502 Elettra yacht in build in GenovaPhoto: Giuliano Sargentini / Tankoa YachtsTankoa S502 Elettra yacht in build in GenovaPhoto: Giuliano Sargentini / Tankoa YachtsThe Italian shipyard will soon be preparing for the outfitting phase for the fourth Tankoa S501 with the help of its soon-to-be increased workforce as Tankoa reveals its plans to expand its production capacity by either acquiring an additional nearby facility.Tankoa S502 Elettra yacht in build in GenovaPhoto: Giuliano Sargentini / Tankoa Yachts“We’re preparing to the grow the company in a sustainable way to optimise operational costs and increase our market segment,” says Tankoa CEO Vincenzo Poerio. “Clearly it makes good business sense to spread fixed overheads across three or more projects in build each year, as opposed to one or two. We will remain a boutique shipyard and if anything be more flexible when it comes to customisation, a distinguishing Tankoa asset at a time when other brands are going the other way and becoming more resistant to modification requests from clients.”Tankoa S502 Elettra yacht in build in GenovaPhoto: Giuliano Sargentini / Tankoa YachtsThe new business plan will aim to double the yard’s production rate with plans for four yachts to be in the outfitting stage and two new projects under construction at any one time. To help accommodate the yard’s future ambitions, there has been a restructuring of the company’s management staff.Tankoa S502 Elettra yacht in build in GenovaPhoto: Giuliano Sargentini / Tankoa Yachts“Last but not least, we intend to continue building on speculation,” concludes Poerio. “Today’s clients don’t want to wait for up to three years to take delivery of a new yacht. Starting the hull and superstructure on spec means we can reduce the delivery time to as little as 12 months, but also streamline production schedules to make the best use of our resources.”

As well as the delivery of Olokun scheduled for next month, **** is working on its 45-metre T450 model designed by Giorgio M. Cassetta.

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