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Monthly Archives: April 2011
Texas House Committee Approves Tax Break for Yachts
The Texas House Ways and Means Committee has approved a tax break for those who want to buy yachts that cost over $250,000. In a vote on April 27, the committee approved a bill by Houston Republican Rep. John Davis. The proposed law would cap the maximum sales tax the state would collect on the sale of a pe… [read more]
Sail Magazine Reviews 2011 Dufour 375 Grand’Large
Some boats stand out because of their dramatic lines. Others deliver shine due to outstanding workmanship. Some, however, are special because they blend a group of very good qualities into a whole that is greater than its parts. The Dufour 375 is one such synergistic boat. ON DECK: The cockpit and de… [read more]
Yacht Loans On the Rise – Survey Finds Surge in Boat Financing
Boat buying is on the rise, which of course means bank loans for yacht purchases is climbing as well. Respondents to a survey by the National Marine Bankers Association (NMBA) said the dollar volume for yacht loans booked in the first quarter of 2011 was up from the same period last year. The survey, co… [read more]
Yachting Industry’s Course For Full-Recovery – NMMA Report
The recreational boating industry’s leading trade group, National Marine Manufacturers Association (NMMA), announced findings from its annual Recreational Boating Statistical Abstract. The Abstract reveals that of the 231.5 million adults living in the United States in 2010, 32.4%, or 75 m… [read more]
Oceanco Yachts Annonces the Oceanco PA122 Megayacht
Megayacht builder Oceanco of The Netherlands recently announced their latest superyacht concept, the Oceanco PA 122. The 122-meter (394′) yacht is designed to include a number of notable amenities including a glass elevator that rises from the yacht’s deck up to the landing pad for the hel… [read more]
Delta Marine Announces New Order For 66m Megayacht
Delta Marine has received a new order for a 66m megayacht which will be built as Hull # 211042. The new 66m superyacht will be built with a composite superstructure and a steel hull that has been strengthened for cruising in difficult or icy waters. The megayacht is designed by Delta Design Group wi… [read more]
Fiberglass Demand Back on the Rise in Yachting Industry
The yacht market consumed about 350,000 tons of composite and fiberglass material in 2010. Back in 2006-2007, that figure topped 600,000 tons. It will take a long time to get over the crisis, but there are signs of fairer weather ahead. The yachting industry experienced very strong growth up until 2… [read more]
Global Explorer Superyacht Explained By Sergio Cutolo
Denison Yacht Sales recently formalized an exclusive agreement with the Palumbo Shipyard in Naples, Italy to build a new HydroTec Explorer Megayacht. “The base price of the HydroTec Explorer will be €50,000,000,” explains Alex Clarke, megayacht broker with Denison Yacht Sales, “and the build t… [read more]
New Yacht Order: 54′ Selene Ocean Trawler – Delivery 2012
Denison yacht broker Kevin Frawley announces he just secured a new order on a 54′ Selene Ocean Trawler this afternoon. Kevin has been working with these clients for months after meeting them at a Boat Show in 2010. More details to follow. Congrats to Kevin for his dedication to the Selene produ… [read more]
Feadship Yacht For Sale: 127′ Golden Rule – $750,000 Reduction
With a recent $750,000 price reduction, this 127 Feadship represents the best value in the 120+ megayacht category. Golden Rule features a spacious trideck layout, including 5-staterooms providing luxurious accommodations for 10 guests. Originally built as Excellence in 1986 by Feadship Yac… [read more]
Megayacht Show Launches in Sinagpore
Singapore has taken a major leap towards becoming the Monaco of the Far East, with the launch of the inaugural Singapore Yacht Show. The first annual Yacht Show makes the island only the third city, after Monaco and Abu Dhabi, to stage both the F1 Grand Prix and a megayacht show. More than a dozen luxury… [read more]
Explorer Yacht Designed By Palumbo Shipyard To Be Sold By Denison
Denison Yacht Sales has formalized an exclusive agreement with the Palumbo Shipyard in Naples, Italy to build a new 68-meter HydroTec Explorer Megayacht. This new turn-key construction project is still undergoing alterations and developments to fine-tune the model for construction, however… [read more]
Yacht Brokerage Sales Drop in March 2011: SoldBoats.com
In March 2011, the 2,585 brokerage yachts sold in the U.S. came close to matching the 2,611 sold in March 2010 2010. However, the total value of the yachts sold, $254 million, was $73 million, or 22% less than a year ago, when sales were recorded at $327 million. According to YachtWorld.com member yach… [read more]
Feadship Yachts Launches 2 Megayachts on the Same Day
In an extraordinary day even by Feadship Yacht’s standards, Koninklijke De Vries Scheepsbouw and Royal Van Lent each launched a new Feadship for delighted owners on March 26, 2011. The 81-meter megayacht Air instantly becomes the largest Feadship available for charter in the world, as wel… [read more]
Yachting & Luxury Living in China Growing
More than 250 of China’s richest flew into Hainan Island, arriving on a fleet of private jets at Sanya International Airport in the resort town of Sanya before zipping off in a parade of chauffeured BMW’s. Hainan, an island off the south coast known for its warm climate and laid-back attitude,… [read more]
Tecnomar Yachts Announces New Structure
With 699.74 meters, 78,839 Horsepower, 32,710 nautical miles, 19 new models from 60′ to 60 meters, 3 steel and aluminum lines, 2 composite lines and a new sailing line, Tecnomar Yachts presents its plans for the future. Since its founding in 1987, Tecnomar Yachts has launched over 270 yachts… [read more]
Yacht Sales: 2011 Yacht Brokerage Industry Update
Unit sales in the U.S. yacht brokerage market continue to track very closely with the 5-year monthly averages. As on other recent months, February 2011 yacht brokerage unit sales came in slightly under the 5-year average as well as compared to yacht sales in February 2010. YachtWorld member yacht b… [read more]