Insight: Could China become a yacht building powerhouse?

CLX96/01 yacht anchored 

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Eric Noyel, Managing Director of Fraser Asia

Bart Kimman, Fraser Sales Broker

Martin Lo, Director of Cheoy Lee

Angel Zhou, Vice President of Simpson Marine in China

Nordhavn shipyard facility in Xiamen, China

Aquila shipyard facility with many multihulls under outfitting

Yalong bay in Sanya, China 

SYT iQ: Number of 30m+ yachts built in China from 2001-2025

This article explores and assesses yacht construction in China.

<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?

<a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a> has announced that the inner marina, Marina City, is now complete as part of their phased transformation. <img src="https://photo-assets.superyachttimes.com/photo/397349/image/large-033282147cabe8f5a2ddb1d15d41bc62.png" data-gid="gid://syiq/Photo/397349">Led by the IPM-IMG Group and Ocibar, the project aims to revitalise the three marinas that previously hosted the 2007 America's Cup, while introducing a cutting-edge refit yard, a state-of-the-art dry dock and modern commercial spaces.Read more: <a data-gid="gid://syiq/Article/62614" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="First renderings of new Marina Port Valencia development unveiled (2025-02-14 12:45:00 +0100)">First renderings of new Marina Port Valencia development unveiled</a><img src="https://photo-assets.superyachttimes.com/photo/397347/image/large-02f98e636005af30408a0493b3b9cb49.png" data-gid="gid://syiq/Photo/397347">The Marina City is now ready to welcome its first customers for the summer season with a full range of premium services. Positioned in the most sheltered area of the port, it has been designed to welcome yachts between 12 and 130 metres and boasts an exclusive central pontoon with berths from 15 metres available for sale or rent for ten, fifteen or twenty years.Construction will soon begin at Marina Norte on a collection of new office buildings designed to attract leading companies and create a hub for networking, innovation and talent. Local residents will also be able to benefit from a restaurant that will open in the former Panorama building.<img src="https://photo-assets.superyachttimes.com/photo/397346/image/large-ad9d771b5b626cd1085ee90660cd52f1.png" data-gid="gid://syiq/Photo/397346">The redevelopment of the marina will be completed in planned phases over the coming years, with local residents able to experience the marina’s new public spaces as each stage is completed.With landscaping designed by GM Paisajistas, in coordination with the architects at ERRE Arquitectura, the plan links Marina Norte, Marina City and Marina Sur through a landscaped ‘green corridor’, creating a continuous route for pedestrians and cyclists lined by Mediterranean vegetation.<img src="https://photo-assets.superyachttimes.com/photo/397348/image/large-4ff447ed4895040fef35c2236798337f.png" data-gid="gid://syiq/Photo/397348">With this project, Marina Port Valencia will reconnect the city with the waterfront,” explained <a data-gid="gid://syiq/Company/8076" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Marina Port Valencia (Company)">Marina Port Valencia</a>. "In doing so, it responds to local leisure needs while providing businesses with an unrivalled waterfront environment, establishing Marina Port Valencia as a leading national and international destination built on the principles of sustainability."<img src="https://photo-assets.superyachttimes.com/photo/348287/image/large-0f4e8368c10bd6b34945367d123348e5.jpg" data-gid="gid://syiq/Photo/348287">

Marina Port Valencia completes Marina City development

Marina Port Valencia has announced that the inner marina, Marina City, is now complete as part of their phased transformation.

Marina Port Valencia completes inner marina for yachts up to 130m

Just as physical tank test models are giving way to computational fluid dynamics, so another form of virtual modelling is coming to the fore – the digital twin. But what is a digital twin, and how can we use them to streamline superyacht design, construction and operation?Providing an exact definition of a digital twin can be tricky, not least because different people use the term in different ways. With conceptual origins tracing back to NASA in the 1960s, the truth is that digital twins come in a variety of forms and offer multiple applications – all of which have the potential to change the approach to design and enhance the operational effectiveness of superyachts.“I haven’t found a consistent way that people use the term,” says software developer Boudewijn van Groos. “For example, some call a simple 3D model a digital twin, even if it doesn’t make predictions. It might show live sensor data from the vessel, but it’s really just a portal into the actual ship. That is fundamentally different to a software model that mimics the behaviour of a system based on physical or statistical calculations. Yet people refer to both as digital twins.”Models created in a software environment are arguably the purest form of digital twinning. They are increasingly being used both to train AI and to enable systems developers to code the core parts of a yacht’s controllers while the physical yacht itself is still in build – a decisive factor when faced with tight construction and delivery schedules.<img src="https://photo-assets.superyachttimes.com/photo/397081/image/large-c63a38ee887c535cd43a28154e353077.jpeg" data-gid="gid://syiq/Photo/397081">Virtual virtuesVan Groos is leading a team of software developers who are undertaking the coding of a multifaceted monitoring and control system aboard Project Zero, the renewables-powered sailing yacht under construction at <a data-gid="gid://syiq/Company/34" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Vitters Shipyard (Company)">Vitters Shipyard</a>. In collaboration with German company XRG Simulation, they have been building a virtual version of the yacht’s systems in Modelica, which allows them to write the code for the programmable logic controller (PLC) for the thermal harvesting and recovery system, for example, and test it before the physical system has been completed. While the team has also been using a current sailing superyacht as a test bed, creating a digital twin has brought additional benefits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397079/image/large-c1ba2f94baf775740a49c5322a0b5621.jpg" data-gid="gid://syiq/Photo/397079">“For everything we’re doing we first write the physical thing into code to form the digital twin,” Van explains. “That simulation can be very basic, or a deep mechanical simulation. It gives us an opportunity to prevent regression bugs and it means we can avoid having to run our code on a physical system that means needing the real machine every time, which is just a hassle.”Developing a digital twin not only creates a platform for virtual testing, it also provides an opportunity to explore or to train AI, which can have real-world applications in a finished project. Indeed, this is the approach that <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a> and <a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a> took, in collaboration with the University of Pisa, to develop the systems on the 42.84-metre superyacht <a data-gid="gid://syiq/Yacht/12135" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Seawolf X42.84m (140'7&quot;)Rossinavi2024">Seawolf X</a> catamaran.“On a yacht you have a lot of very high-tech systems, each optimised and each with sensor actuators,” explains Maurizio Minossi, CEO and CTO of <a data-gid="gid://syiq/Company/3559" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Videoworks Group (Company)">Videoworks</a>. “The idea is to create a sort of manager that grabs the data coming from the different subsystems and, thanks to the use of AI algorithms, gives it added value in terms of monitoring and control.”<img src="https://photo-assets.superyachttimes.com/photo/397078/image/large-3bbe7f4296cb60275d58eb400d1d5976.jpg" data-gid="gid://syiq/Photo/397078">“AI algorithms need to train on something – you need a story,” adds Sergio Saponara, director of the Department of Informational Engineering at the University of Pisa. “But if the technology is new, how do you create that story? Creating a digital model of a yacht allows you to fill the AI with data. You analyse the chiller in a model, then you combine it with all the other models to create the whole ship.”The system they have developed, which has been designed to be modular for use across multiple yacht designs and configurations, integrates various network-connected sensors, smart plugs, and actuators, such as HVAC systems, lighting, and automated blinds, orchestrated by an advanced AI algorithm. The digital twin enables the simulation of different configurations and operational scenarios, generating virtual data that can be used to train AI models – a useful approach given the challenges of limited experimental data on energy consumption and passenger habits.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397077/image/large-efe714be9d6f415bcddaf70b66ca2da0.jpg" data-gid="gid://syiq/Photo/397077">Test rig&nbsp;It’s not just in systems design that digital twins are being utilised. For Dale Morris, Group Head of Global Design at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>, the development of digital twins has enabled advanced, in-the-box testing before a rig is stepped – a serious advantage given the one-off nature and complexity of superyacht masts and sail plans.&nbsp;“The outcome is what’s on the water, but the model that came before it has been through all the conditions,” he says. “It starts with base mast properties, rigging pre-tension and tuning, but we add in the actual moulded sail shape and structural files from North Sails, and then we can assess the rig to a whole other level.”<img src="https://photo-assets.superyachttimes.com/photo/397082/image/large-2efc90f958531c34f23220a01c23ffdf.jpg" data-gid="gid://syiq/Photo/397082">This allows the team to see the effect of their rig design choices even down to its impact on the actual shape of the sails. They can go into a whole CFD loop, where the fluid structure interaction (FSI) loops back into the non-linear FEA – non-linear because the mast is flexible. That essentially means they can sea-trial the yacht before any carbon fibre even gets laid in the mast mould.“That also flows through into how we communicate the safe operation to the customer with all the sheet runs and all the load interfaces, so that boatbuilders can build-in the right safety factors,” &nbsp;Morris explains. “You can assess all that within the digital twin.”It also impacts the initial sea trial phases because, rather than the traditional method of stepping a mast and eyeballing the rig to tune it and ensure it is set up symmetrically, it can effectively be pre-set. Gone are the days where you put the rig in, go sailing and flop from tack to tack, make changes, rinse and repeat, which can be a two-day operation.“We are able to virtually go sailing before we even put carbon in the mast tooling, and for yacht designers, owners and crew that’s a huge benefit because it elevates confidence before you get further into the project,” &nbsp;says Vincent Guiot, Group Sales Director at <a data-gid="gid://syiq/Company/2447" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Southern Spars (Company)">Southern Spars</a>. &nbsp;Further, the applications extend to the operational phase. By using the information from the load sensors from specific conditions. If something doesn’t look quite right, the team can plug that data back into the digital twin and help someone on board diagnose the issue more efficiently.<img src="https://photo-assets.superyachttimes.com/photo/397080/image/large-77d39333b2a17751661ad462a20fdfc0.jpg" data-gid="gid://syiq/Photo/397080">Practical magic&nbsp;As CAD has advanced, so 3D models have become commonplace, not only in terms of determining the underlying engineering layout of a vessel but also to ensure the vessel can be built as efficiently as possible. But when one superyacht project approached Dutch company Goltens to take that 3D model further, the potential for an all-encompassing digital twin quickly became apparent.“Normally we design, engineer and create 3D models, and during that process a lot of information on the components – size, material, capacity, make, model – is put into a database,” says Sandra Jutte of Goltens’ Green Technologies division. “But when the vessel departs, most of that information, which can number thousands of data files, stays behind. For this project, we were asked how we could collect all the engineering data in one place during construction and use it to make the yacht smarter in operation.”<img src="https://photo-assets.superyachttimes.com/photo/397085/image/large-8490e120db5880a524554f471c7eb9b6.png" data-gid="gid://syiq/Photo/397085">To achieve that, the Goltens team combined ongoing 3D scanning during the build with CAD and engineering drawings to create a digital version of Project Zero that is a perfect match for the real thing. The result is that all the information on the build, systems and components is available for easy access – especially useful when it comes to fault-finding or in the event of a system alarm.&nbsp;“You need an exact copy of the yacht, so during the entire build our team has been on site with a 3D scanner capturing every stage of the build,” says Jutte. “We’ve scanned every detail, including 100,000 metres of cables and six kilometres of piping.”<img src="https://photo-assets.superyachttimes.com/photo/397086/image/large-39fff693692206113bdc5e36b8ec672b.png" data-gid="gid://syiq/Photo/397086">Every pump, pipe and system is connected and with e-sharing it’s possible to click into the engineering drawing and instantly jump to the same spot in the 3D model, and vice versa. All relevant details and spare parts listings are available with a click. What’s more, the digital twin will form the backbone for predictive maintenance and, potentially, AI-rooted energy efficiency and systems analysis during the operational phase – an aspect that could have huge impact for a project where every kilowatt counts.The potential goes further, however, because wherever the vessel goes, the digital twin goes too. This means designers can use the digital twin to experiment with new ideas or test layouts without ever touching the real vessel, while engineers can follow system performance and simulate improvements, and and owners can explore their yacht anytime, anywhere.&nbsp;<img src="https://photo-assets.superyachttimes.com/photo/397087/image/large-8c4ef31785ce28bc95f037d27cf282ff.jpg" data-gid="gid://syiq/Photo/397087">Such a comprehensive scan-based digital twin improves maintenance aspects – with all manuals and spare parts lists easily accessible, and with the potential to add predictive maintenance algorithms – but also aids efficiency in a refit phase.&nbsp;“Refits and repairs are no longer a guessing game,” says Jutte. “Because if a component needs to be replaced or a new component fitted, the digital twin already knows what’s there currently and if the new one will fit. It means you can order or prefabricate parts with confidence. It’s a complete feedback loop between design, operation, maintenance, fault-finding and improvement.”<img src="https://photo-assets.superyachttimes.com/photo/397089/image/large-cbdce16aec81ad92d4d28edb2f355442.png" data-gid="gid://syiq/Photo/397089">

How is virtual modelling transforming superyacht design and operation

From rig testing to predictive maintenance, digital twins are reshaping how superyachts are designed, built and operated.

The United States District Court for the Southern District of Florida has dismissed the entire complaint brought by Export Yacht Sales (Brill Maritime), which alleged that Boats Group illegally monopolised the US online boat-listing market through YachtWorld, Boat Trader and boats.com.<img src="https://photo-assets.superyachttimes.com/photo/355047/image/large-0bd8f332392990f5a08cac6ea37b81d1.jpg" data-gid="gid://syiq/Photo/355047">The lawsuit was filed on 14 August 2025, with Brill Maritime alleging that Boats Group controlled approximately 75 percent of the market for listing and marketing recreational boats and used subscription agreements that either bar or discourage brokers and dealers from listing vessels on rival platforms.Read more: <a data-gid="gid://syiq/Article/64073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="US boat dealers bring antitrust class action against Boats Group (2025-08-21 13:00:00 +0200)">US boat dealers bring antitrust class action against Boats Group</a><img src="https://photo-assets.superyachttimes.com/photo/355053/image/large-d4b378b0bbe9bf56a1926a2d570b4fd5.jpg" data-gid="gid://syiq/Photo/355053">According to Brill Maritime, competing platforms had been unable to achieve the scale or inventory to grow their services effectively, leaving brokers and dealers with limited options.The court found that Brill Maritime had plausibly alleged that the relevant market could be defined as an online boat listing and marketing service in the United States and that Boat Group may possess monopoly power in that market.&nbsp;Brill Maritime also alleged that Boat’s Group claimed 75 percent of the global share, reasonably supporting an inference that it has a dominant position in the US market. As a result of this, the judge did not dismiss the case because Boats Group lacks market power.However, the judge said that Brill Maritime had failed to show that Boats Group engaged in illegal anticompetitive conduct and under US antitrust law, being a monopoly is not illegal by itself.The court repeatedly emphasised that monopoly power is legal, but using that power through anticompetitive behaviour to exclude rivals is illegal.&nbsp;The judge found that Brill Maritime’s three main allegations were insufficient including that Boats Group became dominant by acquiring competitors such as YachtWorld.com, boats.com and YachtCloser.com.The judge said that acquiring competitors is not necessarily illegal and that Brill Maritime had not explained how these acquisitions had harmed competition. The complaint had described the acquisitions as “strategic” suggesting it was more of a successful business move than illegal conduct. The judge explained that Brill Maritime had shown that Boats Group bought competitors, but not that these acquisitions were unlawful. <img src="https://photo-assets.superyachttimes.com/photo/355039/image/large-513a0ee840e10e5371f647093bba58d9.jpg" data-gid="gid://syiq/Photo/355039">Brill Maritime also claimed that Boats Group's subscription agreements stoped brokers from listing boats elsewhere. The judge examined the contract language and concluded that the provision merely prevented brokers from implying that a YachtWorld or Boats Group listing originated somewhere else. He therefore concluded that you can advertise on YachtWorld and on other sites and the contract simply prevented you from pretending a Boats Group listing came from another platform, meaning the clause is not an exclusive dealing arrangement.Finally, Brill Maritime argued that Boats Group had dramatically increased its prices. The judge responded that high prices alone are not an antitrust violation. The court cited multiple precedents saying a legal monopolist is generally allowed to charge whatever prices it wants. To prove monopolisation, Brill Maritime needed to show that the higher prices resulted from illegal exclusionary conduct.In conclusion, the judge accepted that Boats Group may hold monopoly power in the US online boat-listing market, but ruled that the plaintiffs failed to show that Boats Group acquired or maintained that position through illegal anticompetitive conduct.United States District Judge, Roy K. Altman dismissed the complaint without prejudice, meaning the plaintiff is able to resubmit an amended complaint, with a deadline of 30 June 2026.&nbsp;The lawsuit also contained claims under Florida law, with the federal court declining to hear the state claims as the federal antitrust claims were dismissed. These were also dismissed without prejudice, allowing for them to also be refiled.&nbsp;SuperYacht Times will continue to follow this story and will provide updates where necessary.

US court dismisses antitrust lawsuit against Boats Group

The US District Court for the Southern District of Florida has dismissed the antitrust lawsuit brought by Export Yacht Sales against Boats Group.

The 24.6-metre <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess</a> motor yacht <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> has been sold, with Joe Hill of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a> representing the seller.<img src="https://photo-assets.superyachttimes.com/photo/377303/image/large-e9f5ee62744476943f9773dd48e429fb.jpg" data-gid="gid://syiq/Photo/377303">Delivered in 2022, the yacht features interiors penned in-house by her British builder. Meanwhile, <a data-gid="gid://syiq/Company/2740" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Olesinski Ltd. (Company)">Olesinski</a> took charge of her naval architecture and exterior design.At a volume of 78 GT, she can sleep up to eight guests across four well-appointed staterooms. Guests can enjoy communal areas such as the foredeck and aft deck fitted with sunpads and the flybridge with shade.Propulsion-wise, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</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, giving her top speed of 39 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/16575" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="N2H224.6m (80'9&quot;)Princess Yachts2022">N2H2</a> had a last known asking price of £3,175,000.00.Courtesy of <a data-gid="gid://syiq/Company/5046" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Brokerage International (Company)">Princess Brokerage International</a>.

Princess yacht N2H2 sold

Princess yacht, N2H2 sold, Princess yacht N2H2, Princess yacht sold, N2H2 sold.

25m Princess motor yacht N2H2 sold

The 35.4-metre <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a> sailing yacht <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has been sold with Yannis Stratis of <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a>. The sale was concluded directly with a private buyer, with <a data-gid="gid://syiq/Company/6235" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yacht Broker House (Company)">Yacht Broker House</a> acting as both owner and central agent in the transaction.<img src="https://photo-assets.superyachttimes.com/photo/98550/image/large-7470442e827fa639586e6fb0099778c8.jpg" data-gid="gid://syiq/Photo/98550">The sale was completed in spring 2026 at Yacht Broker House's home base in Corfu, Greece. Since changing hands, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has departed Greece and is now cruising European waters under her new ownership.&nbsp;Delivered in 1992 by Italian shipyard <a data-gid="gid://syiq/Company/602" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cantiere Valdettaro S.r.l. (Company)">Cantiere Valdettaro</a>, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> most recently underwent a refit in France in 2024. She features exterior design and naval architecture by <a data-gid="gid://syiq/Company/357" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Laurent Giles Superyacht Architects (Company)">Laurent Giles Superyacht Architects</a>, while her interiors were penned by <a data-gid="gid://syiq/Company/618" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Studio Garroni (Company)">Studio Garroni</a>.Constructed with a steel hull and aluminium superstructure, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> has a beam of 7.95-metres and an interior volume of 171 GT. Accommodation onboard is arranged for up to 10 guests across a five stateroom configuration, while dedicated quarters house up to a crew of six, including her captain.In terms of performance, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> is powered by a single <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engine that delivers a cruising speed of 9.7 knots and a top speed of 12 knots.&nbsp;At the time of her sale, <a data-gid="gid://syiq/Yacht/2213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Unplugged35.4m (116'2&quot;)Cantiere Valdettaro S.r.l.1992">Unplugged</a> had a last known asking price of €900,000.

35m Cantiere Valdettaro sailing yacht Unplugged sold

  The 35.4-metre Cantiere Valdettaro sailing yacht Unplugged has been sold with Yacht Broker House

<img src="https://photo-assets.superyachttimes.com/photo/392305/image/large-86c88e62c5d466ff1f840f9818dce38b.jpg" data-gid="gid://syiq/Photo/392305">The 29.7-metre <a data-gid="gid://syiq/Company/112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Custom Line (Company)">Custom Line</a> motor yacht <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> has been sold. Ferhat Kanbur of <a data-gid="gid://syiq/Company/7089" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Data Marin (Company)">Data Marin</a> introduced the buyer, while Ilker Bicaco of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a> represented the seller.Delivered in 2010, the yacht features naval architecture penned in-house by her builder. Meanwhile, her interior and exterior designs were 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 Design</a>.Inside, her design is distinguished by light coloured woods that give the yacht a contemporary feel. <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> can accommodate up to ten guests across four well-appointed staterooms at a volume of 177 GT. Moreover, a highlight of the yacht is a relaxation area on her flybridge, where guests can enjoy panoramic views.&nbsp;In terms of propulsion system, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</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, giving her a cruising speed of 24 knots and a top speed of 27 knots.At the time of her sale, <a data-gid="gid://syiq/Yacht/7645" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lady Yaz29.7m (97'5&quot;)Custom Line2010">Lady Yaz</a> had a last known asking price of €2,990,000.Photo courtesy of <a data-gid="gid://syiq/Company/5001" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Talia Marine (Company)">Talia Marine</a>.

Custom Line yacht Lady Yaz sold

The 29.7-metre Custom Line motor yacht Lady Yaz has been sold.

30m Custom Line motor yacht Lady Yaz sold

The 57-metre <a data-gid="gid://syiq/Company/106" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Trinity Yachts (Company)">Trinity</a> motor yacht <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> is on the market, with Rob Newton of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>. The <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> benefitted from a 2025 refit that refreshed her interiors and modernised her systems.<img src="https://photo-assets.superyachttimes.com/photo/397161/image/large-157dd31b806639942ec6e7d2aeb4801c.jpg" data-gid="gid://syiq/Photo/397161">With a deck design built around guest flow, <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> features naval architecture and exterior design penned in-house by her American builder. Meanwhile, <a data-gid="gid://syiq/Company/111" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Evan K Marshall (Company)">Evan K Marshall</a> took charge of her interior design which is distinguished by Italian marbles, Lalique glass, silk carpets and rich wood in birch, vavona, and bur.<img src="https://photo-assets.superyachttimes.com/photo/397220/image/large-a05b27ee4abd4103f48fae88e6afdaf3.jpg" data-gid="gid://syiq/Photo/397220"><img src="https://photo-assets.superyachttimes.com/photo/397195/image/large-5eb0377176736d577315088431b690c5.jpg" data-gid="gid://syiq/Photo/397195">At a volume of 782 GT, the <a href="https://www.superyachttimes.com/yachts/elis-et-mar" target="_blank">yacht Elis Et Mar for sale</a> can accommodate up to 12 guests across six well-appointed staterooms. Her full-beam master suite is found on the main deck. This area can be accessed via a private office and is fitted with a king-size bed, walk-in wardrobe, and his-and-hers bathrooms with a soaking tub, separate rain shower, and mirror TVs. <img src="https://photo-assets.superyachttimes.com/photo/397199/image/large-86d7a9b383706d0176d50ebc3a5183fe.jpg" data-gid="gid://syiq/Photo/397199"><img src="https://photo-assets.superyachttimes.com/photo/397208/image/large-d05e1e5f38e5dc5c8b79aa56962db52a.jpg" data-gid="gid://syiq/Photo/397208">The <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale’s</a> VIP suite located on the bridge deck also showcases a king-size bed, elevated views, and a spacious ensuite. Four guest suites on the lower deck, all with fixed king beds and ensuite bathrooms, complete the accommodation.<img src="https://photo-assets.superyachttimes.com/photo/397214/image/large-27ec017e7e73699f2a44df284651fc7c.jpg" data-gid="gid://syiq/Photo/397214">Moving outside, guests aboard <a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar</a> are spoilt for choice between adventure and relaxation. Her sundeck plays host to a large Jacuzzi, generous sunpads, a full bar, and an outdoor entertainment system. For those looking to keep active, a fully enclosed, air-conditioned gym is also on offer, equipped with a Pilates Reformer, treadmill, free weights, and audio-visual facilities. A portable ice bath is also available upon request.<img src="https://photo-assets.superyachttimes.com/photo/397235/image/large-cd87a31b555950b9bd569392e9918873.jpg" data-gid="gid://syiq/Photo/397235"><a data-gid="gid://syiq/Yacht/364" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Elis Et Mar57.0m (187'0&quot;)Trinity Yachts2012">Elis Et Mar’s</a> bridge deck sky lounge provides a relaxed indoor retreat, complete with plush seating, a full-service bar, and alfresco dining for up to 12 guests aft. Guests may choose between a formal indoor dining space or an aft dining area with optional climate control, offering flexibility to suit any occasion, on the main deck aft.<img src="https://photo-assets.superyachttimes.com/photo/397231/image/large-98b1ee45ae88293202adcd95833904d2.jpg" data-gid="gid://syiq/Photo/397231">Moreover, an impressive array of water toys ensures no shortage of thrills for the more adventurous. On the water, guests can make use of four <a data-gid="gid://syiq/Company/3030" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cayago AG / Seabob (Company)">Seabobs</a>, two Lift E-Foils, an Awake Ravic electric surfboard, three Jet Skis, a <a data-gid="gid://syiq/Company/5777" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yamaha (Company)">Yamaha</a> Superjet, inflatable towables, and full snorkelling and fishing gear, alongside two foldable e-bikes for exploration ashore. The entire guest experience is overseen by a professional crew of 13.<img src="https://photo-assets.superyachttimes.com/photo/397191/image/large-7c46a1b67dc6f3193229d237bca28a4f.jpg" data-gid="gid://syiq/Photo/397191">In terms of propulsion system, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=trinity-yachts" target="_blank">Trinity yacht for sale</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines, giving her a cruising speed of 14 knots and a top speed of 20 knots.<img src="https://photo-assets.superyachttimes.com/photo/397192/image/large-e9dc6c5d43d791366dd8c886a1767f06.jpg" data-gid="gid://syiq/Photo/397192">

Trinity yacht Elis Et Mar for sale

The 57-metre Trinity motor yacht Elis Et Mar is on the market, with Rob Newton of IYC.

57m Trinity superyacht Elis Et Mar for sale

The 23.27-metre <a data-gid="gid://syiq/Company/6072" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lagoon Yachts (Company)">Lagoon</a> sailing yacht <a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is on the market, listed with Pierre Vezilier 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://syt-store-production.s3.eu-west-1.amazonaws.com/photo/397239/image/large-f1bb937cf0476fd3bcdc5812056e6442.jpg?X-Amz-Algorithm=AWS4-HMAC-SHA256&amp;X-Amz-Credential=AKIA52TLVJASOPFTPHWY%2F20260617%2Feu-west-1%2Fs3%2Faws4_request&amp;X-Amz-Date=20260617T063333Z&amp;X-Amz-Expires=900&amp;X-Amz-SignedHeaders=host&amp;X-Amz-Signature=262c295532260cfc74c32458fc7618902efd698bf345fdbf0eacd0c8ba9d3ec2" data-gid="gid://syiq/Photo/397239">Delivered in 2024, the <a href="https://www.superyachttimes.com/directories/yachts/for-sale" target="_blank">yacht for sale</a> features exterior design by <a data-gid="gid://syiq/Company/6073" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Patrick Le Quément (Company)">Patrick Le Quément</a>, interior styling by <a data-gid="gid://syiq/Company/153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nauta Yachts S.r.l. (Company)">Nauta Design</a>, and naval architecture by <a data-gid="gid://syiq/Company/39" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="VPLP Design (Company)">VPLP Design</a>. She was conceived with a large sail plan and an optimised hull, delivering efficient open-water performance and stability at sea.<img src="https://photo-assets.superyachttimes.com/photo/397254/image/large-5dd6261e35858f970d81b928ddaa7e07.jpg" data-gid="gid://syiq/Photo/397254"><img src="https://photo-assets.superyachttimes.com/photo/397252/image/large-c8d1bd1bbc866600bfd48dd91c2cdf50.jpg" data-gid="gid://syiq/Photo/397252">The interiors onboard the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/of-type=motor" target="_blank">motor yacht for sale</a> are laid out with a strong emphasis on privacy and generous communal areas. Warm shades of brown, blue and neutral tones run throughout both the private and shared spaces, creating a cohesive atmosphere.<img src="https://photo-assets.superyachttimes.com/photo/397249/image/large-dba320035103ae5c7f72055143b1b08b.jpg" data-gid="gid://syiq/Photo/397249"><img src="https://photo-assets.superyachttimes.com/photo/397242/image/large-6501bd710eba06086f0cd2e755663aab.jpg" data-gid="gid://syiq/Photo/397242">The <a href="https://www.superyachttimes.com/yachts/spirit-of-ponant" target="_blank">yacht Spirit of Ponant for sale</a> can accommodate up to 12 guests across six well-appointed staterooms, with a gross tonnage of 135 GT. On deck, guests may dine alfresco in the aft area, while a hydraulic swim platform provides easy access to the sea.<img src="https://photo-assets.superyachttimes.com/photo/397255/image/large-1b4072cb4b8f209c2ca62d359f3ddbeb.jpg" data-gid="gid://syiq/Photo/397255"><a data-gid="gid://syiq/Yacht/13810" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spirit of Ponant23.27m (76'4&quot;)Lagoon Yachts2024">Spirit of Ponant</a> is powered by twin <a data-gid="gid://syiq/Company/6795" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nanni industries (Company)">Nanni Industries</a> engines, giving the <a href="https://www.superyachttimes.com/directories/yachts/for-sale/built-by=lagoon-yachts" target="_blank">Lagoon yacht for sale</a> a cruising speed of 10 knots and a top speed of 18 knots.Photo courtesy of <a data-gid="gid://syiq/Company/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="IYC (Company)">IYC</a>.

catamaran yacht Spirit of Ponant for sale

The 23.27-metre Lagoon sailing yacht Spirit of Ponant is on the market.

23m catamaran Spirit of Ponant for sale

<img src="https://photo-assets.superyachttimes.com/photo/397150/image/large-843519c5d1eee2588222c47260858dee.jpg" data-gid="gid://syiq/Photo/397150">The 73.3-metre <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> superyacht <a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> has been spotted making her second visit to Guernsey, having first called at the island on 2 May 2016. She was seen in St Peter Port yesterday and is now en route to Gibraltar, according to AIS data.Previously known as Grace E, she was delivered in 2014 by <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> under its Picchiotti brand in Viareggio, as the largest motor yacht ever built by the shipyard. The 1,876 GT vessel features exterior design by <a data-gid="gid://syiq/Company/53" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Briand Yacht Design (Company)">Briand Yacht Design</a>, with interiors originally conceived by French designer <a data-gid="gid://syiq/Company/533" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rémi Tessier (Company)">Rémi Tessier</a>. She underwent a refit in 2023 with <a data-gid="gid://syiq/Company/681" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monaco Marine (Company)">Monaco Marine</a> at <a data-gid="gid://syiq/Company/7074" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Safe Harbor (Company)">Safe Harbour</a> La Ciotat.<a data-gid="gid://syiq/Yacht/3448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nautilus73.3m (240'6&quot;)Perini Navi2014">Nautilus</a> is powered by twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> diesel-electric engines, affording her a cruising speed of 12 knots, a top speed of 16.5 knots, and a range of 7,500 nautical miles.

73m Perini Navi superyacht Nautilus in Guernsey

The 73.3-metre Perini Navi superyacht Nautilus has been spotted making her second visit to Guernsey.

<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> and <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> have announced the delivery of the 23.96-metre <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M yacht. The yacht was officially christened <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> at the shipyard in La Spezia and delivered to <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a> Chairman Tommaso Chiabra as she joins their charter fleet. <img src="https://photo-assets.superyachttimes.com/photo/397262/image/large-69463179651c336f45f621e2a3eab461.jpg" data-gid="gid://syiq/Photo/397262">Designed by <a data-gid="gid://syiq/Company/58" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Luca Dini Design & Architecture (Company)">Luca Dini Design &amp; Architecture</a> in collaboration with <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Centro Stile, the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> brand was relaunched in 2022, just six months after the acquisition of the company by <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>.&nbsp;Read more:&nbsp;<a data-gid="gid://syiq/Article/55685" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line (2022-08-03 12:00:00 +0200)">The Italian Sea Group relaunches Picchiotti brand with a new Gentleman yacht line</a><img src="https://photo-assets.superyachttimes.com/photo/397263/image/large-9d2b1e1afb8a57386a11c5c8c4b07162.jpg" data-gid="gid://syiq/Photo/397263">“We are proud to acquire this exceptional asset and to contribute to the revival of one of the most historic names in Italian shipbuilding,” commented Tommaso Chiabra, Chairman of <a data-gid="gid://syiq/Company/4680" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Royal Yacht International (Company)">Royal Yacht International</a>.Inspired by the silhouette of the American yachts of the sixties, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> boasts timeless classic lines and is produced entirely in aluminium. She showcases glossy mahogany details and polished plating on her bow and the sides of her stern.<img src="https://photo-assets.superyachttimes.com/photo/397261/image/large-601aad94946cbee604189de94508e6a8.jpeg" data-gid="gid://syiq/Photo/397261">Spanning 149 GT, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> can comfortably accommodate up to six guests across a three stateroom configuration on the lower deck, with her full-beam owner’s suite situated amidships.&nbsp;“The <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> Gentleman 24M has a rare quality: she feels immediately familiar, elegant and beautifully Mediterranean,” added Chiabra. “She has substance, warmth and personality; she belongs to a lineage of yachts conceived for private life at sea, while speaking naturally to the expectations of contemporary charter clients.”Conceived for Mediterranean cruising, she features plenty of open-air spaces, with a large beach club for charter living. Perfect for clients seeking privacy and charm, <a data-gid="gid://syiq/Yacht/12325" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gentleman23.96m (78'7&quot;)Picchiotti2025">Gentleman</a> gives the feeling of a private residence on the water. <img src="https://photo-assets.superyachttimes.com/photo/397264/image/large-c0669bf9240500ea4ff1be1400818b85.jpg" data-gid="gid://syiq/Photo/397264">“<a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> carries the spirit of Janus: one gaze turned towards centuries of seafaring knowledge, the other towards those who will define the next codes of yachting,” added Gianmaria Costantino, Chief Commercial Officer of <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>.“She offers a measured threshold into the <a data-gid="gid://syiq/Company/350" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Picchiotti (Company)">Picchiotti</a> world: time onboard becomes a first form of belonging, and that first encounter may quietly mature into something deeper and more personal.”<img src="https://photo-assets.superyachttimes.com/photo/397265/image/large-817d20ffb7d4c6c57e79117b435352b2.png" data-gid="gid://syiq/Photo/397265">(Images courtesy of The Italian Sea Group and Royal Yacht International.)

Gentleman: Picchiotti Gentleman 24M yacht delivered

TISG and RYI have announced the delivery of the first Picchiotti Gentleman 24M yacht, which has been christened Gentleman. 

First Picchiotti Gentleman 24M yacht delivered and christened Gentleman

The inaugural <a data-gid="gid://syiq/Event/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit">Asia-Pacific Superyacht Summit</a> is taking place in Hong Kong on the 5 and 6 of June, at the Renaissance Hong Kong Harbour View Hotel. The summit aims to develop the Asian superyacht market in a bid to attract more yachts to the region.Like our successful <a data-gid="gid://syiq/Event/232" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Gulf Superyacht Summit - 2024">Gulf Superyacht Summit</a>, the two day event will include a Networking Dinner on the first evening of the event, where attendees can network with colleagues from across the industry.<img src="https://photo-assets.superyachttimes.com/photo/307397/image/large-021baa62f67a7e639d039baac6c862d8.png" data-gid="gid://syiq/Photo/307397">Wednesday 5 June 202408:30 - 09:30 - Welcome Coffee09:30 - 09:35 Opening words by Merijn de Waard, Founder &amp; Director of SuperYacht Times09:35 - 09:55 Presentation of the Asia-Pacific Superyacht ReportA presentation of the Asia-Pacific Superyacht Report by <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. <img src="https://photo-assets.superyachttimes.com/photo/309975/image/large-c22e0e43dd649aa64696445bcc840c69.png" data-gid="gid://syiq/Photo/309975">09:55 - 10:15 - Welcome words from Invest Hong KongA warm welcome to the <a data-gid="gid://syiq/Event/213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia-Pacific Superyacht Summit">Asia-Pacific Superyacht Summit</a> from Head of Consulate and Chamber Engagement, KC Lam of I<a data-gid="gid://syiq/Company/7628" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="InvestHK (Company)">nvest HK</a>.<img src="https://photo-assets.superyachttimes.com/photo/307307/image/large-8d54dfdb69ee631869a97ec4ac183d65.png" data-gid="gid://syiq/Photo/307307">10:15 - 11:00 - Managing &amp; operating yachts in the Asia-PacificLooking from an operational perspective, this panel will look at the challenges faced by yachts cruising in the region. It will give an overview of the maintenance and refit of yachts already in Asia and look at the infrastructure currently in situ, while also discussing topics such as insurance and training.Confirmed speakers:&nbsp;<ul><li>Joe Yuen, Lodestone Yachts</li><li>Andy Shorten, <a data-gid="gid://syiq/Company/2986" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Lighthouse Consultancy (Company)">The Lighthouse Consultancy</a>&nbsp;</li><li>Colin Dawson, Managing Director, <a data-gid="gid://syiq/Company/7583" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The George Group (Company)">The George Group</a> and Technical Representative on behalf of <a data-gid="gid://syiq/Company/7582" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Howden Insurance (Company)">Howden Insurance Brokers</a>,</li><li>Nigel Tang, Captain of 53.4-metre <a data-gid="gid://syiq/Yacht/62" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Nonni II53.4m (175'2&quot;)Mariotti Yachts2008">Nonni II</a></li><li>Gordon&nbsp;Fernandes of <a data-gid="gid://syiq/Company/5448" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Pacific Superyachts (Company)">Asia Pacific Superyachts</a></li></ul>11:00 - 11:30 - Coffee Break<img src="https://photo-assets.superyachttimes.com/photo/307323/image/large-affe86b63505c3ad70e45c0449d77f65.png" data-gid="gid://syiq/Photo/307323">11:30 - 11:55 - Building a yacht charter fleet in AsiaQ&amp;A with Omi Tanchanok Vajarodaya owner of the 31.45-metre <a data-gid="gid://syiq/Company/412" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Astondoa S.A. (Astilleros) (Company)">Astondoa</a> motor yacht <a data-gid="gid://syiq/Yacht/1494" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="For Your Eyes Only31.45m (103'2&quot;)Astondoa S.A. (Astilleros)2004">For Your Eyes Only</a>. <img src="https://photo-assets.superyachttimes.com/photo/307396/image/large-474df6f3ff101fc0b240a336a687028e.png" data-gid="gid://syiq/Photo/307396">11:55 - 12:35 -&nbsp;How to get more yachts in Asia-Pacific and develop a charter market?&nbsp;The Asia-Pacific region has a huge amount to offer charter clients, with the islands of Thailand and Indonesia, the waters of the Maldives, Seychelles and beyond, yet it is not one of the most heavily frequented regions for superyachts. This panel will cover the potential of the region, and discuss ways that we can encourage more owners to bring their yachts to Asia.Confirmed Speakers:&nbsp;<ul><li>David Good, CEO, <a data-gid="gid://syiq/Company/7593" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Australian International Marine Export Group (AIMEX) (Company)">Australian International Marine Export Group (AIMEX)</a></li><li>Lies Sol of <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a></li><li>Eric Noyel of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser</a> Asia</li><li>Julien Solari Asia Chief Commercial Officer, <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a></li></ul><img src="https://photo-assets.superyachttimes.com/photo/309991/image/large-c8033114758ba1206f27ae9c0a2753af.png" data-gid="gid://syiq/Photo/309991">12:35 - 13:05 - How Dubai became a hub for UHWNI superyachtsWe delve into the evolution of Dubai's status as a premier destination for Ultra High Net Worth Individuals (UHNWIs) and their superyachts, exploring the factors behind its rise as a hub in the superyacht industry. From its strategic location to its luxurious amenities and services, we discover why Dubai has become the sought-after playground for the world's most affluent yacht owners.Confirmed Speakers:<ul><li>Issam Kazim, CEO of <a data-gid="gid://syiq/Company/6865" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dubai Tourism (Company)">Dubai Economy &amp; Tourism</a></li></ul>13:05 - 14:30 - Networking Lunch<img src="https://photo-assets.superyachttimes.com/photo/307321/image/large-2e3072bc0dd28de357a73a27a5004c00.png" data-gid="gid://syiq/Photo/307321">14:30 - 15:10 -&nbsp;Selling superyachts in AsiaA panel discussion with a number of local brokerage experts, discussing the most important topics around the sale of superyachts in the Asian markets. The panel will cover topics such as; the current state of the market, how it has developed over the past decade, the potential of the region and its individual countries, the owners and what needs to change – among other topics.&nbsp;Confirmed speakers:<ul><li>James Clayton, Sales Director, <a data-gid="gid://syiq/Company/7547" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Superyachts (Company)">Simpson Superyachts</a></li><li>Mark Woodmansey, Head of Brokerage, Asia at <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a></li><li>Carmen Lau Stratton, Senior Advisor, <a data-gid="gid://syiq/Company/6" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Camper & Nicholsons International (Company)">Camper &amp; Nicholsons</a></li><li>Andrew Pitchford, Director of Sales &amp; Marketing, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a> Asia Pacific</li></ul><img src="https://photo-assets.superyachttimes.com/photo/312935/image/large-4409d82982969c9bb42725989af517e9.png" data-gid="gid://syiq/Photo/312935">15:10 - 15:40 - Interview with Kenneth Leung of the Lai Sun Group 15:40 - 17:00 - Closing Drinks 19:30 - Networking Dinner<img src="https://photo-assets.superyachttimes.com/photo/307398/image/large-8d10ab6b89e8ae695f9b0da924da1d2e.png" data-gid="gid://syiq/Photo/307398">Thursday 6 June 202408:45 - 09:45 - Welcome Coffee<img src="https://photo-assets.superyachttimes.com/photo/311016/image/large-39c2d6db22396c0bfdaa7ea252c383e3.png" data-gid="gid://syiq/Photo/311016">09:45 - 10:20 - The Business of Marinas: How to build a successful marina in AsiaFrom leveraging regional market trends to embracing sustainable practices, we dissect the blueprint for a prosperous marina venture.&nbsp;Confirmed speakers:<ul><li>Jonathan Sit of <a href="https://www.superyachttimes.com/companies/one-15-marina" rel="noopener noreferrer" target="_blank" title="">ONE°15 Marina</a></li><li>Ekrem Reyhancioglu of Poralu Marine</li></ul><img src="https://photo-assets.superyachttimes.com/photo/307358/image/large-22476031d86caf8307535a3f051578fe.png" data-gid="gid://syiq/Photo/307358">10:20 - 11:00 - How European yacht builders try to attract more Asian clientsWith shipyard's fixing their sights on the Asian market, is it necessary for superyacht designs to be tailored specifically to buyers from this region? The topic will cover the design requests made by Asian or Asia-based clients, the rising popularity of certain models in the region, the cruising trends of clients within the region and the differences between the various countries within the region from a design perspective.Confirmed speakers:<ul><li>Giorgio Cassetta, Founder of <a data-gid="gid://syiq/Company/4478" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cassetta Yacht Designers (Company)">Cassetta Yacht Designers</a></li><li>Gabriele Stella, Head of Sales, <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a></li><li>Federico Rossi of &nbsp;<a data-gid="gid://syiq/Company/1080" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Rossinavi (Company)">Rossinavi</a></li><li>Burak Akgül of <a data-gid="gid://syiq/Company/224" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Turquoise Yachts (Company)">Turquoise Yachts</a></li></ul>11:00 - 11:30 - Coffee Break<img src="https://photo-assets.superyachttimes.com/photo/307359/image/large-d8f5aa56e46fdb51eb14b30cca77cfcc.png" data-gid="gid://syiq/Photo/307359">11:30 - 11:55 - Creating a charter market in Indonesia with Phinisi yachtsExplore the potential of Indonesia's charter market with Phinisi yachts. Learn how to navigate regulatory challenges, tap into local demand, and create unforgettable experiences for travellers amidst Indonesia's stunning archipelago.Confirmed Speakers:• Yann Martinie de Maisonneuve, Co-Founder &amp; Director, Pacific High Cruises<img src="https://photo-assets.superyachttimes.com/photo/309234/image/large-34e81ff8fbf606ff1bc99eca407cd45a.png" data-gid="gid://syiq/Photo/309234">11:55 - 12:35 - The future of yacht construction in AsiaWith a number of yacht builders, such as <a data-gid="gid://syiq/Company/517" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Cheoy Lee (Company)">Cheoy Lee</a>, <a data-gid="gid://syiq/Company/899" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Yachts (Company)">Silver Yachts</a>, <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a> and <a href="https://sya.superyachttimes.com/companies/horizon-yachts" target="_blank">Horizon</a>, already producing yachts in the region, we take a look at the wider state of the Asian yacht building market. The panel will evaluate the challenges currently faced by builders within the region, looking into topics such as the labour market, supply chain and local demand. &nbsp;Confirmed Speakers:<ul><li>Rod Davis, Chief Operating Officer, <a data-gid="gid://syiq/Company/899" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Silver Yachts (Company)">Silver Yachts</a></li><li>Allen Leng, Heysea</li><li>Glenn Armstrong, Maritime Cook Islands</li><li>Dan Mundy, <a data-gid="gid://syiq/Company/1394" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ocean Alexander (Company)">Ocean Alexander</a></li></ul><img src="https://photo-assets.superyachttimes.com/photo/312355/image/large-14824302df75c8c9cef44e85bfedc550.png" data-gid="gid://syiq/Photo/312355">12:35 - 13:10 - Navigating the new-build journey<ul><li>Yerin Hobson, CEO, <a data-gid="gid://syiq/Company/4946" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Arrow Monaco (Company)">Arrow Monaco</a></li><li>Roy Chan, Legalmapp</li><li>Antony Cowie, Cowie &amp; Co</li></ul>13:10 - 14:40 - Networking Lunch<img src="https://photo-assets.superyachttimes.com/photo/307362/image/large-7f9224df385587b9d7964b1dba907223.png" data-gid="gid://syiq/Photo/307362">14:40 - 15:10 - Travelling off the beaten trackQ&amp;A with Nick Davies, Managing Director at Cookson Adventures<img src="https://photo-assets.superyachttimes.com/photo/307361/image/large-f7a1a396c636bdee0fc1796be60a0d28.png" data-gid="gid://syiq/Photo/307361">15:00 - 15:55 - Keynote interview with Rose Damen of Damen YachtingRose Damen, Managing Director, <a href="https://www.superyachttimes.com/companies/damen-yachting" rel="noopener noreferrer" target="_blank" title="">Damen Yachting</a> will join us for the keynote interview to close the two day event. The Q&amp;A will cover <a href="https://www.superyachttimes.com/companies/damen-yachting" rel="noopener noreferrer" target="_blank" title="">Damen Yachting</a>'s perspective on the value of the Asia-Pacific region, the yard's strategy over the coming years and the changing landscape of the superyacht construction sector. 15:55 - 16:00 - Closing Words&nbsp;by Merijn de Waard, Founder &amp; Director of SuperYacht Times<img src="https://photo-assets.superyachttimes.com/photo/309712/image/large-06de7766ac2658eed9825f9bdb17b7cf.jpg" data-gid="gid://syiq/Photo/309712">

Asia-Pacific Superyacht Summit 2024 programme

New topics and speakers have now been unveiled for the inaugural Asia-Pacific Superyacht Summit 2024.

Market Insight

Insight: Could China become a yacht building powerhouse?