August 2014 superyacht market report
New orders may be unimpressive this month but the large superyacht projects sold and coming to the market in August suggest exciting things ahead for the world’s shipyards.
We know of 32 superyacht sales in August, down on 39 in July but up on 25 in July 2013 and following a similar seasonal pattern to the last two years. The largest yacht to leave the market was a project – 88.8m superyacht Illusion , which is due to be launched by Chinese yard Pride Yachts in 2015. This was followed by the 65m, 2010 Feadship superyacht Pestifer. Thirteen of the sales were of Italian-built yachts, Dutch and US yards coming in second with six each.
New to the market
Thirty-one superyachts came to the market in August, down on 38 in July but more than 25 the same time last year – and like sales, this year follows a similar seasonal pattern. The largest were two motor yacht projects at Proteksan Turquoise: 81m Project Shark and 74.5m Project Stingray. These were followed by a classic, 74.3m motor yacht Williamsburg, built by Bath Iron Works in 1930.
Only three new orders were reported to us in August, a drop on eight in July and nine in August last year. It is low compared to the ripe months we have enjoyed recently, but not unprecedented. We had tallies of two and three in April and January 2013 respectively – and that doesn’t even touch on the numbers we experienced in the pit of the global financial crisis. August’s tally consist of an 84m motor yacht due from Echo Yachts in Australia in 2017 (the largest yacht ever built in the country), a 39.62m sailer by Baltic Yachts in Finland due in 2016 and a 32m motor yacht due from Moonen in 2016.
We know of 10 superyacht launches in August, on a par with both 13 last month and 10 in August last year. The largest was 60.35m Feadship motor yacht Rock.It, followed by 44.8m Sunrise (now Dynasty), by Sunrise Yachts in Turkey and 43.59m sailing yacht Columbia by Eastern Shipbuilding in the US. Half of the tally was Italian and three yachts were Turkish.
There were 17 superyacht deliveries in August, according to our sources, little change from 18 in July and exactly the same as the August 2013 tally. The largest was 73m CRN motor yacht Yalla , followed by 46.4m Royal Huisman sailer Elfje and a 46m Baglietto motor yacht known under the number 10217.