Ocean Village’s plans for a new superyacht marina in Gibraltar are moving forward with the appointment of Captain E.S. Geary as technical consultant. Geary’s role will be to ensure that all facilities at Gibraltar’s Marina Bay meet or excel guidelines and recommendations in PIANIC 134 Design and Operation Guidelines for Superyacht Facilities, and making sure…
Final brokerage sales figures for 2014 show that 30,063 boats changed hands during for an aggregate price of $3.62 billion, down $320 million from a year earlier. Although the total volume was off 5 percent and value decreased by 8 percent, aggregate figures are not a true indicator of the yachting market. December was the…
The Worldwide Yachting Association (MYBA) has commissioned a report from maritime security intelligence specialist Dryad Maritime assessing the potential threat from ISIS to yachts at sea in the Mediterranean. MYBA President Fiona Maureso said the association decided to commission the special report to give its members and their clients objective and factual information to make…
The media blackout at Vancouver, WA-based Christensen Shipyard has ended with company president Joe Foggia indicating that the yard has commenced operations again and is in a state of receivership. As previously reported by 4Yacht, Miles Stover of Turnaround Inc. has been named as the receiver. With a primary goal of moving the shipyard forward,…
At first glance, the statistic may seem alarming, but the reality of the situation says something different. Shipyards worldwide delivered 156 superyachts over 30 meters in 2014, a decrease of more than 12% over 2012 when 179 vessels were delivered and 2% over 2013, with 159 deliveries. Theses statistics are deceiving, however, as virtually all…
Wim van der Valk has begun construction on Continental Trawler 2395, the first all-aluminum flybridge model in a series of semi-custom trawler style yachts. Guido de Groot has designed the yacht that the Dutch shipyard is building on spec. The new trawler style yacht will accommodate as many as eight guests over four cabins and…
Last March, London’s Sunday Times published a survey that indicted that the British capital is home to more than twice the number of millionaires and billionaires than any other city on earth. Combine that with the fact that London is also one of the world’s largest financial centers and is home to many top banks,…
Megayacht Oyster 118′ Construction Begins. Construction of the Oyster 118, the largest yacht ever built under the Oyster brand, has begun, with tooling to begin in April. In partnership with Humphreys Yacht Design, the shipyard is constructing additional facilities to enable the build of the second Oyster 118 simultaneously with the first. The additional facility…
Rossinavi Yachts new project, a 38.6m reproduction to be christen M/Y Tansaray, is scheduled for an April 18 launch. Technical skills played a key role in the construction of this 1930s–style build, with many aspects of the ship hand-built by craftsmen. This factor has led the shipyard to be flexible in the yacht’s customization and…
March yacht brokerage sales in the United States produced a curiously mixed picture, but one that seems to point toward an improving sales climate. Total units sold numbered 2,203 in March, 501 over the previous months, but a decrease of 11% from the same month a year earlier. The encouraging figure is that the total…