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What’s New in New Construction?

Posted by at 27 August, at 19 : 41 PM Print

What’s New in New Construction?

With a strengthening economy, shipyards the world over are bustling with activity. You heard us recently report on the exciting new hull design of the F85 currently being built by Horizon Yachts, and that is just the tip of the iceberg.

Columbus Yachts reports that they are making “good progress” on the initial construction phases on their Oceanic 70m. Unveiled at the 2014 Monaco Yacht Show, the Oceanic 70m is the Italian yacht builder’s largest superyacht project to date.

Turkish shipyard, Bilgin Yachts, reports three new projects underway. The latest addition to their line, the Bilgin 156, is coming together rapidly, with a projected launch date in 2016. Also in Turkey, Turquoise Yachts says their yard is busy with the construction of three superyachts of their own, ranging from 47m to 81 meters. Scheduled delivery for these projects range from late 2016 to the end of 2018.

Not to be outdone, Brazilian shipbuilder RioStar has four yachts currently under construction, with the largest being a new 45 meter tri-deck superyacht. The Rio-based motor yacht builder says that once the 45 meter superyacht is completed, she will be “one of the largest to have been built in Latin America.”

The Bilgin 156

The Bilgin 156

Sales Reflect the Upswing in Construction

According to the most recent figures reported by YachtWorld, member brokers reported an increase in sales of 2% over July of 2014, up from 3,313 to 3,388 boats. This comes off of a June which also showed sales were up by 3% from the same time last year. In addition, the total price paid for boats sold in July “moved strongly upwards, with $333 million changing hands, up from $298 million the previous year.”

Sales and construction trends also indicate that “bigger is better” with figures in 26 North Yacht’s niche category 70Ft to 140Ft very strong. In fact, the only area of weakness in the market was among boats under 26 feet, where sales were down 9% from the same time last year.

SOLD!

What does it all Mean?

According to yacht industry publication, Trade Only Today, in 2014 there were over 30,000 boats sold in the US, 19% of which were sold in Florida, which comprised 46 percent of the total value of the U.S. market.

As we approach the big fall boat shows, 2015 promises to close out with some exciting models, and even more powerful sales numbers.

Which means the last quarter of 2015 and moving into 2016 promises to deliver a new crop of first time yacht owners, or current yacht owners moving up to bigger and/or newer models that are currently coming out of the molds.

At 26 North Yachts we realize that a relationship with a new yacht owner should not begin and end with the purchase of your boat. We aim to be your number one resource for every aspect of luxury yacht ownership. That is why we offer expert advice on charters, day cruises, crew, and so much more.

Too often we have seen buyers purchase the boat they have always dreamed about, only to fail to realize just how to get the most out of it. That is why we offer complete yacht management through or sister company – Florida Yacht Management (FYM).

By partnering with FYM you can take all of the hassles out of motor yacht ownership — from docking to repairs and maintenance – so you can enjoy all the reasons you made your yacht purchase in the first place!

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