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4 things you need to know about the superyacht market in August

4 things you need to know about the superyacht market in August

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New Zealand yards are refitting larger yachts

Extended cruising ranges have resulted in an increase in larger yachts being refitted in New Zealand, according to one of the country’s largest facilities.

Craig Park, managing director of Orams Marine in Auckland, told Boat International: “We have seen more and more 55-75 metre yachts with more fuel range entering the Pacific. As infrastructure and services have become better throughout the Pacific islands, we have seen a steady increase in large motor yachts visiting the yard.”

He added that the average refit duration has “generally remained the same” despite the more stringent survey requirements that larger yachts bring with them, and the yard endeavours to work around owners’ cruising plans.

His observations are backed up by fellow Auckland refit yard Integrated Marine Group, which recently reported a record refit season, with completed projects including the 60 metre Schweers yacht Senses (pictured above) and the 73 metre Silver Yachts Dragonfly.

Mark Wightman, managing director of Integrated Marine Group, said: “Yacht refit size has been trending up. We have to be ready collectively as an industry to cope with the challenges of larger vessels, different code compliance requirements and their more complex maintenance requirements; often working to a tight timeframe with no margin for error.”

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