Ferretti Yachts‘ Marcio Christiansen reeled off tales of the growing ranks of rich Brazilians who visit his luxury yacht showroom, where clients sip espressos on an oversized sable sofa and electronic music bubbles in the air. One man paid $2 million for a yacht, Christiansen said, after su… [read more]
Australian sportfish manufacturer Riviera Yachts recently announced strong yacht sales to overseas clients and dealers in Europe and the U.S. A Riviera release stated, it “continues to export, defying yacht industry trends with its latest shipment of 10 new boats with a retail value of $1… [read more]
Despite the slow economic recovery, the floating assets of East End (New York) seem to be doing what they do best this summer, with sails, and sales, flying high. “Everyone always wants that escape from craziness, and quality family time on the water is a great way to do that without having to travel fa… [read more]
Megayacht crews can breathe a sigh of relief that changes that would affect them in the proposed 2011 amendments to the U.S. Standard of Training, Certification and Watchkeeping appear relatively modest, yachting industry sources say. “At this point I believe that the impact will be less signifi… [read more]
Newcastle Shipyards launched its largest build to date with M/Y Harbour Island. Hull No. 1 of the Newcastle 5500 Series will spend a short time in St. Augustine, Florida, for dock tests and sea trials before heading south to Rybovich Superyacht Marina and Refit in Palm Beach, Florida. When the Newca… [read more]
Turkey ranks third in the world in megayacht making business after Holland and Italy, with a 9% market share. Turkey has sailed ahead of many European countries as a leader in the megayacht building and marketing race, as remarkable growth in the yachting sector showed Turkey ranking third among Eu… [read more]
The seas surrounding Thailand make for some of the most beautiful and uncluttered cruising grounds for megayachts in the world. This has long been the reason for the thriving yachting scene here, as boats and yachts, big and small, have come from afar to enjoy the peaceful sailing and pristine water… [read more]
Yacht brokerage sales for 2011 may have peaked in June, when 3,446 boats were sold, but the market in July showed continued incremental growth, with 3,117 boats sold, up 2% from July 2010. In addition, the total value of yachts sold in the month was very strong for the 3rd consecutive month, according… [read more]
Netherlands-based luxury yacht builder Heesen Yachts has completed construction of the 55-meter megayacht, Quinta Essentia. Her interior has been designed by a collaboration of yacht designers Michela Reverberi and Ken Freivokh whereas her exterior lines and deck plans have been designed by… [read more]
Brunswick announced it will establish a manufacturing plant in Brazil to produce yachts for South America’s largest country and surrounding nations. The plant, which is to be in the Perini Industrial Park in Joinville, Santa Catarina, will have nearly 150,000 square feet of manufacturin… [read more]
2011 Sydney Boat Show Report: Incredibly perfect weather combined with high quality displays attracted capacity crowds over the 5 days of the show, and as a result, visitor and exhibitor confidence was high. Australian Superyachts’ CEO Captain Richard Morris said, “We were thrilled with the res… [read more]
Moonen Shipyards in the Netherlands recently launched their 4th yacht in its much admired range of Moonen 97 steel displacement megayachts. With sistership Livia (the third in the series) a finalist in the World Superyacht Awards, Moonen Yachts is confident that a buyer will soon be found for a yac… [read more]
Southern California-based sportfishing yachts, which have been having a tough time because of poor fishing offshore, lately have been encountering problems with the Mexican government over passports. Last week, 3 fishing boats, the Horizon, a dive boat out of H&M Landing, and the Royal Pol… [read more]
Combined yacht brokerage sales in Europe and the United States in the First Quarter of 2011 were 7,469 yachts sold at a total value of $1.14 billion, roughly on par with yacht sales in Q1 2010 of 7,497 boats and $1.10 billion. The market was stronger in Europe than in the U.S. for the period, with boat val… [read more]
We had a Beneteau 505 sailing yacht listed for sale in Tortola with another yacht broker. We had received listing requests from Denison for a couple years. These mailings included valuable information regarding boats on the market and boats sold. When we decided to change listing agents, Mike Kiel… [read more]