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First Quarter 2016 European Yacht Sales Continue Downward Trend

First Quarter 2016 European Yacht Sales Continue Downward Trend Calendar year 2015 was better than 2014 for brokers in Europe, however the first six months were better than the second half with the late year trend continuing in the first quarter of 2016. Overall boat sales declined in Europe during the first quarter with unit…

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First Quarter 2016 U.S. Yacht Sales Increase

First Quarter 2016 U.S. Yacht Sales Increase: Strong sales in March gave American yacht brokers a boost of 122 sales in the first quarter of 2016, to a total of 5,564 boats sold. Despite the unit increase, the total price paid for boats was lower at $703.6 million, down from $749.6 million over the same…

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Sunseeker’s Princess AVK Megayacht Completes Sea Trials

Sunseeker’s Princess AVK Megayacht Completes Sea Trials: The second hull in Sunseeker’s largest line, the 155 Yacht named Princess AVK, has finished sea trials off the coast of the United Kingdom. Launched in January, Princess AVK features a simple all-white exterior with a subtle light grey waterline accent to set her apart from her sister…

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Admiral Inks Contract for 63m Flagship Superyacht

Admiral Inks Contract for 63m Flagship Superyacht: Admiral, one of the Italian Sea Group brands, has announced the sale of a new 63m superyacht following a year-long process of design and development. Completion is scheduled for 2019. Built to Lloyd’s class,  the owner worked with Admiral to develop a pedigree project that will be managed…

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60m Megayacht, Sun Catcher, is Latest Design from Max Zhivov

60m Megayacht, Sun Catcher, is Latest Design from Max Zhivov: Inspired by the movement of a flower as it turns to catch the sun’s rays, the 60m Sun Catcher is one of the latest superyacht designs from designer Max Zhivov. The concept emphasizes sustainability and energy saving methods with features including a roof partially comprised…

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Benetti Unveils 50m Megayacht Fisker Concept

Benetti Unveils 50m Megayacht Fisker Concept: Italian shipbuilder Benetti recently revealed its 50m Fisker concept, conceived in conjunction with Danish automotive designer Henrik Fisker, who has created iconic vehicles such as Aston Martin’s D89 and V8 Vantage models. Based on an existing Benetti platform, the concept has a sporty exterior and stylish interior design. Fisker…

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Impossible Productions Reveals 100m Explorer Superyacht Concept

Impossible Productions Reveals 100m Explorer Super Yacht Concept: New York-based design studio Impossible Productions has announced a 100m explorer yacht concept produced in conjunction with Tim Dempers Studio of Cape Town, South Africa. Designed specifically for an owner with global exploration in mind, development lasted more than 12 months. Owners will be able to adapt…

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Norwegian Commercial Shipyard Building 82m Explorer Megayacht

Norwegian Commercial Shipyard Building 82m Explorer Megayacht: Norway’s Vard commercial shipyard is currently constructing a Vard 1-08 platform that will be customized to fit the owner’s plans for an explorer yacht. Bannenberg & Rowell design devised the tough-looking exterior for the 82m project named Kilkea that will blend the platform’s seakeeping abilities with standard, modern…

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CNM Working on Flagship Continental 110 Megayacht Line

CNM Working on Flagship Continental 110 Megayacht Line: Italian shipyard CNM is currently working on developing the first model of the company’s flagship line, the Continental 110. In discussions with an existing CNM client, company director Guglielmo D’Agostino indicated that upon successful negotiation of the contract, construction of the world’s largest “open” yacht will begin…

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Second MCY 105 Mega Yacht Launched by Monte Carlo Yachts

Second MCY 105 Mega Yacht Launched by Monte Carlo Yachts: Serendipity, the second hull in Monte Carlo Yacht’s MCY 105 line has been launched and successfully completed sea trials off the coast of Italy. The superyacht features a soft blue hull and white superstructure, giving the exterior a different look from M/Y G, the first…