The superyacht market preserves a historically high pace. By the end of the 3rd quarter of 2022 the overall sales of 30m+ yachts in 2022 are already higher than sales of any previous whole year except 2021 in almost all segments of the market. The sales skyrocketed in the 2nd half of 2020 as many buyers, including first-time yacht purchasers and former charterers, came on the market in search of an asylum and a safer means of transportation in the middle of the pandemics.
Pick of the market:
Top 3 yachts for sale under 5 years old
For many sellers, the post-Covid surge in demand became a signal to enter the market with speculative asking prices. This provided an increase in new listings in the beginning of 2022. However the buyers, which remain cost-conscious as ever, keep looking for reasonably priced opportunities, including off-the-market yachts. 2022 Q2 sales saw a small drop-off from the 2021 figures in almost all size segments of the superyacht market, though the sales were still higher compared to the corresponding periods of 2018, 2019 and of course 2020. The lack of supply and world events have understandably slowed the market. Besides, sales activity is generally quieter in summer as brokerage yachts become busy with owners' use and active charter schedules.
As an ending mark of the summer season in the Med and ahead of the autumn yacht shows Monaco and Fort Lauderdale, the brokerage market demonstrated a surge in the number of owners putting their boats up for sale in August-September. There were 65 new arrivals on the sales market in August and 87 – in September, with several big-ticket listings, most notably the 90m Phoenix 2 asking EUR 129,000,000 and 85.6m B2, asking EUR 88,000,000.
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With more yachts entering the market and the exchange rates playing in favor of American buyers - the main driving force of the superyacht market - the sales saw a huge increase from the previous months in September, both in numbers and total price. The most expensive deal in Q3 was the sale of the 97m Carinthia IV with an asking price of EUR 95,000,000.
The majority of market transaction volume in 2022 continues to lay within the sub-50m range, with 30-40m yachts accounting for half of all sales. On average, yachts are sold within 12 to 18 months of being placed on the market. Quality and reasonably priced yachts aren’t sitting on the market for long. Speaking of the quickest deals since the beginning of 2022, the 42m Istros was sold in 53 days, 72m Stella Maris and 46.7m Odyssea shifted hands in 2 months.
There is still a good number of people actively looking to buy a yacht and it helps to maintain prices at a relatively higher value than before. Sometimes sellers were only testing out the market with high prices and would seriously discuss a deal, but many owners stayed firm on their asking prices – not least because of the high replacement costs. In the last two years, on the back of increased demand, many shipyards raised their new construction prices by 10-20% – which is best noticeable in the semi-custom segment with well-known base price levels, as with Heesen and Amels. And now we can see a huge price gap between the new yachts and 5-15 years old brokerage yachts. Owners entering the market are focused on the new construction prices, while the buyers, on the other hand, focus on the average brokerage market prices of previous periods.
Pick of the market:
Major price reductions third quarter
As for the new build market, according to Boat International, the 2022 Global Order Book records an impressive 1,024 projects in build or on order, a rise of 24.7% on 821 in 2021. The demand for new construction projects remains consistent, despite the rising new build costs and longer delivery times. All the leading shipyards have their order books stretched into 2026. Even builders of production GRP yachts are now selling slots with deliveries in 2025. Because of the increased demand and the heavy workload in the yards, contracts are now being concluded 6 to 12 months before the start of construction work (mostly for small and GRP yachts).
But what looks like to be a success for the industry also gives some food for thought on whether or not the boom on the superyacht market is going to remain for long. Concerns are that as most of the leading shipyards operating in the production segment with certain model ranges are packed with orders for the next couple of years or more, it means that they are not able to build new generation yachts before they complete current builds. And by the time the new buyers will be able to start building, the models offered to them may become too outdated and less appealing. Along with a lack of inventory on the brokerage market this may create a downfall in sales.
We have seen quite a few good yachts coming into the market recently and expect to see stable market activity in the following months. However, though the demand for yachts remains ever high, the global uncertainty and lack of supply may put some serious pressure on the sales in 2023.
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Antonini Navi introduces the Sport Utility Yacht – SUY 135, a groundbreaking vessel conceived by Aldo Manna, Partner and Sales Director, along with designer Fulvio De Simoni. Moravia Yachts has been appointed as Central Agency. Hull number #1 is already in construction with delivery slated for 2026.As part of Antonini Navi's broader vision, the SUY 135 is a precursor to the SUY 190 and SUY 108, forming a comprehensive lineup of versatile superyachts designed to navigate deep waters while embracing luxury and environmental harmony.Currently under construction at the shipyard in Italy, the SUY 135 spans 44 meters in length and boasts approximately 480GT. This steel displacement motor yacht marks the debut of Antonini Navi's Sports Utility Yachts – SUY series.Designed by Fulvio de Simoni with naval architecture by Studio Arrabito, the SUY 135 seamlessly blends superyacht elegance with unparalleled world-cruising capabilities."The SUY offers limitless experiences, akin to an SUV in the automotive realm," remarks Aldo Manna. "It's designed to enable owners and guests to fully immerse themselves in yachting, equipped with toys, amenities, and tenders for a myriad of recreational activities."Alessandro Diomedi of Moravia Yachting expresses pride in representing Antonini Navi's SUY series, highlighting its innovation and voluminous capacity for water toys while prioritizing owner privacy and lifestyle.The SUY 135's flexible design allows for extensive internal and external customization, featuring a main and upper deck linked by a raised deck with five guest cabins. The owner's suite, spanning 56 square meters, resides on the main deck, offering luxurious seclusion.External spaces include a 40-square-meter veranda for al fresco dining and a 35-square-meter beach club with a transom hot tub. The sun deck boasts panoramic views, a second hot tub, and ample relaxation areas.Equipped with a transversal tender garage and achieving a range of 4,000 nautical miles at 10 knots cruising speed, the SUY 135 sets new standards in environmental consciousness.The Pertusola shipyard in the Gulf of La Spezia was bought by Walter Antonini in 1977. Since then, Antonini Navi has been a family-held leader in superyacht custom build and refitting.Credits: Antonini Navi
April 18, 2024
In a remarkable display of innovation and engineering prowess, eD-TEC's groundbreaking eD 32 c-Ultra high-performance all-electric RIB has successfully completed its first sea trials after just nine months of intensive development. These trials, conducted in the Adriatic Sea near Punat, Croatia, mark a significant milestone in the advancement of electric boating technology.At the heart of the eD 32 c-Ultra lies eD-TEC's revolutionary Technology Stack, seamlessly integrated with twin plug-and-play eD-QDrive 200kW propulsion units, driving surface-piercing propellers. With a net battery capacity of 105kWh, this blank-sheet design sets new standards in the industry, delivering exceptional performance, stability, and manoeuvrability.During the trials, dubbed as an engineering feat, the eD 32 c-Ultra demonstrated remarkable capabilities, boasting a 25-knot cruise and an impressive range of over 40 nautical miles. These results underscore the vessel's potential to revolutionize the marine industry, offering an environmentally friendly alternative without compromising on performance.Michael Jost, founder of eD-TEC, expressed optimism about the vessel's future, stating, "We are thrilled with the initial performance of the eD 32 c-Ultra during its maiden sea trials. Preliminary estimates indicate a range of 20 to 40 nautical miles and a current cruising speed of 25 knots, with anticipated improvements to reach approximately 30 knots."Furthermore, the trials provided valuable insights into optimizing the vessel's efficiency and performance. Adaptive steering, inspired by automotive systems, and innovative hydrodynamic design elements were highlighted as areas for refinement to enhance stability and reduce power consumption.Looking ahead, eD-TEC remains committed to pushing the boundaries of electric boating technology. Plans for a two-week Booster Sprint, focused on software optimization and charging efficiency, aim to further enhance the vessel's capabilities.Philipp Lehr and Marc Jost, project leads for the eD 32 c-Ultra, expressed satisfaction with the trials, emphasizing the vessel's reliability and performance. "After approximately 500 kWh, we have encountered no system disruptions thus far, and all temperatures have remained within optimal ranges," they reported.As the eD 32 c-Ultra continues its journey towards commercialization, eD-TEC remains dedicated to pioneering sustainable solutions for the marine industry. With ambitious plans for future developments, including solar-centric off-grid solutions, the company is poised to revolutionize the concept of luxury shoreside living and on-water escapes.Indeed, the eD 32 c-Ultra represents not just a vessel but the beginning of a new era in electric boating, offering a glimpse into the future of sustainable marine transportation.Credits: eD-TEC
April 18, 2024
Feadship's highly anticipated Project 1012 has emerged from the construction shed at the Makkum facility, marking a significant milestone as the yacht prepares for sea trials ahead of its delivery. Notably, Project 1012 is the first Feadship vessel to boast full Hybrid Electric Class notation.Designed by Sinot and the owner's design office, with naval architecture by Feadship De Voogt Naval Architects, Project 1012 was commissioned by a seasoned Feadship owner with a wealth of yachting experience. The yacht's exterior styling reflects meticulous design with precise input from the owner, while the interior promises to be a beautifully crafted and meticulously detailed family retreat.Measuring an impressive 91.80 meters, Project 1012 boasts crisply chamfered exterior contours complemented by a traditional flared bow, creating a modern-classic ambiance. Despite its generous volume, the interior is thoughtfully designed to provide intimate spaces for family gatherings, featuring natural materials and finishes throughout.One of the owner's key desires was to enhance the yacht's beach club, which now spans a quarter of the lower deck's total length. With a vast, fixed stern platform and two fold-down platforms, the beach club offers an expansive 165 square meters of water-level lounging space. Additionally, a side-loading garage between the engine room and beach club can accommodate two 10-meter tenders, a ski boat, and various water toys.The main deck aft boasts a large pool and open-air lounge, while comfortable guest suites and staff cabins adorn the main deck forward. The upper decks house the master stateroom, family lounge, and wellness area, while the sundeck offers a prime observation point with forward-facing seating and sun loungers.Project 1012's propulsion system integrates cutting-edge Feadship technology, featuring two main engines, shaft-driven fixed pitch propellers, and PTO/PTI electric motors coupled with 1MW of Li-ion batteries. This innovative setup allows for both conventional diesel propulsion and electric motor operation, providing enhanced efficiency and reduced environmental impact.Albert Abma, Feadship project manager, expresses his satisfaction with the collaboration, stating, "Working with the experienced owner, designers, and owners team has been a professional pleasure. Gathering the operational experience of the owners team with the yard’s building experience has resulted in this modern-classic, state-of-art and full custom new Feadship."Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
April 18, 2024
Sanlorenzo is set to grace the British Motor Yacht Show for the first time from May 16th to 19th, 2024. Attendees of the event, hosted at Swanwick Marina in Southampton, will have the exclusive opportunity to immerse themselves in the world of Sanlorenzo. From its cutting-edge design to its unparalleled craftsmanship and extensive customization options, visitors can explore the elegance and sophistication synonymous with the brand.SL90ASanlorenzo Yachts UK will showcase the magnificent Sanlorenzo SL90A, a 28-meter vessel that will also be the largest yacht on display at the four-day show. Nick Hatfield, Sales Manager at Sanlorenzo Yachts UK, expressed excitement about the debut, stating, "We’re delighted to be bringing one of our stunning Sanlorenzo yachts to the British Motor Yacht Show for the first time. It’s a fantastic opportunity to experience the true meaning of customization and understand Sanlorenzo’s ethos of innovative design, tailored to the requirements and desires of each individual owner."Designed by Bernardo Zuccon, the SL90A boasts an elegant and modern interior, featuring a harmonious blend of different wood, marble, and fabric textures. The innovative Asymmetric design, highlighted by the A in SL90A, elevates the yacht's interior volume, enhancing the main deck saloon's connection with the sea through expansive floor-to-ceiling windows.BG42Accommodating up to eight guests in four well-appointed staterooms, each with its own en-suite bathroom, the SL90A offers comfort and style ideal for family gatherings or entertaining friends.Crafted by Sanlorenzo Yacht at its Ameglia base in Italy, this class-leading yacht offers a timeless aesthetic while pushing the boundaries of conventional design.In addition to the SL90A, Sanlorenzo Yachts UK will also present the BG42 from Bluegame, a brand under the Sanlorenzo umbrella. Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 73 meters in length. Credits: maa.agency; Yacht Harbour archive
April 17, 2024
Lady A, the distinguished 55.2-meter motor yacht crafted by Nishii Zosen-Sterling, has found a new owner after just a year on the market. Simon Goldsworthy of Edmiston facilitated the sale, representing both the seller and the buyer in this transaction.Originally christened Southern Cross III, Lady A boasts a timeless design conceived by the renowned Jon Bannenberg and was meticulously constructed by Japanese shipyard Nishii Zosen-Sterling in 1986. Undergoing a significant transformation in 2017, the vessel underwent extensive refurbishments valued at over €12 million, including a complete interior overhaul, an expansion of the upper deck, and the installation of state-of-the-art Quantum zero-speed stabilizers.Lady A's upper aft deck has been elegantly extended to serve as the primary sunbathing area, featuring plush sofas, inviting armchairs, and a spacious alfresco dining spot accommodating up to 14 guests. Awnings can be swiftly erected by the crew to provide shelter from the sun.The interior layout is equally captivating, with the main lounge situated on the upper level, offering a relaxed ambiance with sliding glass doors, a raised reading nook, and a well-appointed bar. The vessel's unique design includes a split-level observation lounge boasting breathtaking 180-degree vistas.Ample accommodation is provided for up to 12 guests across six cabins, including a lavish owner's suite with a private office, three double guest cabins, a VIP guest cabin, and a twin guest cabin. The interior, masterfully refurbished by Design Unlimited, showcases walnut cabinetry, solid timber floors, and a soothing palette accented with mauve hues.Lady A is propelled by two rebuilt 3516B Caterpillar diesel engines, boasting a cruising speed of 13 knots. Currently located in Italy, the yacht was last listed at €7,900,000 with VAT paid.Credits: Yacht Harbour archive
April 17, 2024