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Monthly Archives: June 2011
Beneteau Opens Maryland Office for Powerboats Division
Beneteau Yachts has expanded operations in North America by opening a marketing and sales office for its powerboats division in Annapolis, Maryland. “Beneteau is widely known throughout North America as the No. 1 builder of 30′-plus sailing yachts, but it is a little known fact here that Be… [read more]
Perini Navi Delivers 56 Meter Superyacht Fidelis
Italian superyacht builder Perini Navi announced the delivery of the sailing yacht Fidelis. A private ceremony was held in the rear cockpit of the yacht and saw the participation of the owner and the Perini Navi Yachts team. After the usual formal procedures, Fidelis’ crew did the tradition changi… [read more]
Sunbird Yachts to Design 198-Foot Megayacht
China’s Sunbird Yachts announced a signed contract to design a 198-foot megayacht for a customer in its home country. “This is our biggest project so far, and we intend to work with industry leaders worldwide to provide the best solutions for the client’s boating requirements,” CEO Li Yue Xi… [read more]
Megayacht Marina Arises as Possibility in Ft. Lauderdale Beach Redevelopment
Yachting advocates want the city of Fort Lauderdale to spend as much as $16 million on a major expansion of the city’s Las Olas Marina, with extra space for megayachts. But the idea could conflict with current beach redevelopment plans. The proposal calls for excavating one of the city’… [read more]
Tax Break on Yachts In South Carolina Considered
Last week, 6 megayachts were docked at the City Marina on Lockwood Boulevard, each of them a potential revenue generator for Charleston County in South Carolina. How many of them will pay any taxes, though, is another matter, officials said. Yachts registered out-of-state are taxable if they are i… [read more]
Megayacht Demand in Australia Continue to Rise
Thanks in large part to the soaring Aussie dollar and encouraged by plunging prices, Australia’s super rich are on a shopping spree for the ultimate luxury toy, the megayacht. A drop in prices and several distress sales in Europe and the U.S. have made these 24-meter plus yachts affordable fo… [read more]
Azimut Yachts Introduces 45 Flybridge to 2011 Lineup
The Azimut 45 Motoryacht, one of Azimut Yachts’ new arrivals for 2011, sets a new benchmark for the market by re-examining the fundamental aspects of liveability and quality, attaining a level the competition may find difficult to match. The great efforts put into design, functional studi… [read more]
Yacht-Buying in China Continues To Grow
China has been keeping up with the West on almost every front it seems. And these days, the country’s super rich have found one more area where they can do a little bit more catch-up work, yachting. The culture of yachting, a major pastime among affluent Americans and Europeans, is now taking ho… [read more]
Oyster Yachts Launches Inagural Oyster 100 Sailing Yacht
The first Oyster 100 sailing yacht has departed her build bay at the Oyster Yachts shipyard in the U.K. in preparation for her launch, ahead of her eagerly awaited premiere at the 2011 Monaco Yacht Show. The Oyster 100 by Dubois is designed with the specification, features and classification of much… [read more]
Lürssen Yachts Set To Launch Superyacht Lady Kathryn V
Lürssen Yachts will soon be launching superyacht Lady Kathryn V, previously known as Project Coco. The 5th in a line of luxury Mediterranean charter megayachts of the same name, Lady Kathryn V, is the successor of a 164′ Wesport superyacht. Megayacht Designer Espen Oeino International is… [read more]
San Lorenzo Launches 104′ & 94′ Megayachts On Same Day
San Lorenzo Yachts announces the launching of 2 megayachts on the same day this week: Triple Fun, Hull #4 of the SL104 Yacht Line, and Mia Rocca IX, a member of San Lorenzo’s SD92 Yacht Series. Triple Fun represents the latest in the SL104 line which produces 31-meter planing yachts. The well ba… [read more]
Ferretti Group Begins Yacht Production in San Paulo, Brazil
The Ferretti Group, a world leader in the designing, building and marketing of luxury motoryachts has strengthened its investment in the Brazilian market with the inauguration of the new Ferretti Group Brasil production facility located outside of São Paulo. Established in late 2010, the new fa… [read more]
“His professionalism, compassion and efficiency are second to none…”
I recently sold a 55’ Azimut that I had listed for sale with Denison Yacht Sales, through Justin Onofrietti, in October of 2010. The boat had been sailed from Connecticut to Florida and, prior to its arrival, I was aware of several problems with the yacht including gel coat discoloration, excessive v… [read more]
Yacht Brokerage Sales Rise 94% in May 2011 – SoldBoats.com
Great news coming out of the yachting industry! Led by sales of large high-value boats, the U.S. yacht brokerage market turned sharply upward in May 2011, with an extraordinary $552 million in total value of boats, sailboats and yachts sold, according to reports by member yacht brokers of SoldBoat… [read more]
Florida Leads Top 10 Boating & Yachting States in the U.S. – NMMA
More Americans are planning vacations this summer, approximately 86% (3% higher than 2010) according to a recent TripAdvisor survey, with the nation’s waterways serving as prime destinations. To mark the start of summer travel and boating seasons, the National Marine Manufacturers Associat… [read more]
Kenya’s First Marina Hopes to Attract Boats & Yachts
There’s a reason why the English Point Marina apartments in Mombasa, Kenya, have attracted so many pre-construction investors. Despite the high prices, ranging from Sh36 million to Sh150 million per unit, the apartments are almost sold out. The developers have introduced a completely ne… [read more]
Westport Yachts Launches 5th Redesigned Westport 130 Series
The latest member of the Wesport 130 megayacht-series has been completed by the American yacht builder. She represents the 5th 130-foot hull in the newly re-designed and restyled Westport 130 series; she is the 33rd Westport 130 built-to-date. She was launched at the very end of 2010 and completed… [read more]
Luhrs Sportfish & Mainship Trawlers Move Production To N.J. Plant
Starting in June 2011, all boats and yachts in the Luhrs Marine Group will be produced in the company’s main factory in Millville, New Jersey. This means the Luhrs sportfishing boats and Mainship trawlers that had been made in St. Augustine, Florida, for years, will be produced in New Jersey a… [read more]
Megayachts Owned By Austalians Has Tripled Since 2006
The number of Australians who own megayachts has more than tripled since 2006 as the nation’s biggest mining boom in a century drove up its currency to a record, enhancing a drop in prices caused by a supply glut. Some 110 Australians possess yachts over 98′ (30 meters), up from about 30 yacht ow… [read more]
