Christensen Shipyards Announces Sale of Superyacht Hull 38: Christensen Shipyards, the U.S.-based manufacturer that was under receivership in 2015, has announced the sale of Hull 38, a 50-meter high-volume superyacht. A pair of experienced owners from New Jersey have purchased the boat.
Hull 38 was sold with less than six months to go until its anticipated delivery date. She was formerly under contract to Heny Luken, Christensen Shipyards chairman. The six-stateroom yacht has a large master suite on the main deck and five large cabins, including a full-beam VIP stateroom on the lower deck.
A number of features distinguish the yacht, including an engineer’s cabin in the aft lazarette, a wheelhouse dominated by Garmin equipment and a dual loop HVAC system developed by Christensen. She also features classic, raised black walnut paneling, marble and onyx stonework, expanded dining capacity and a power sound system.
Hull 38 started as Henry Luken’s boat, was sold to another owner and then became part of the shipyard’s assets when it went into receivership. When Luken bought Christensen, he resumed construction on Hull 38 and intended to take delivery if no buyer was found.
Jim Gilbert, Christensen shipyard president, said that it was important for the shipyard to get Hull 38 sol so it had more financial resources to get its facility in Tennessee up and running to begin building larger superyacht projects. At present, the facility is about 90% complete, however, the workshops need to be outfitted and a main railway system for the launch and retrieval of boats must be built. The facility current has 12 67-meter slips.
According to Gilbert, the sweet spot for Christensen’s long-term growth are yachts around 65 meters LOA. The idea is to produce wide, full-volume boats that are not 75 meters in length, but have the same volume.
As buyers get younger, they look for a superyacht with a beach club, a lot of storage for water toys and want bigger tenders that they don’t want to store on the third deck—all factors that dictate a deeper vessel with a much larger beam.
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