Thursday, 24 July 2014

Its Gone

Yes this news site has gone from this blog spot but fear not!

It can be found at http://www.thehoworths.com/category/superyacht-news/

We hope to hear from you there!

Thank you for making this site so popular.

Now lets see what we can do for its new home!

Tuesday, 22 July 2014

Yachts Gather in Sydney for First Ever Superyacht Show

The first yachts are arriving to participate in the inaugural Sydney Superyacht Show which will run from 1 to 3 August.

The Show will be hosted at the Sydney Superyacht Marina, a venue that was purpose-built for superyachts during the 2000 Olympics.

With new facilities currently under development, the marina is set to become a centre of excellence for the superyacht industry.

Primarily a brokerage show, the Sydney Superyacht Show will feature pre-owned superyachts and luxury vessels currently for sale in Sydney.

There will be around 10 separate brokerage companies booking in vessels for the show, ranging in size from 52 to 135-feet.

Participating brokerage companies include
  • Australian Superyachts
  • Geoff Lovett International,
  • Sunseeker Select Brokerage
  • Fraser Yachts
  • Ray White Marine.
Vessels on display include
  • Patriot 1 (34 metre 2004 Keith Lloyd Ships)
  • Ophelia (36 metre 2004 NQEA)
  • Oneworld (2004 Sunseeker 82)
  • Penultimate II (2011 Princess 85)
  • Warren 25 metre motor yacht.
Prospective yacht owners will have a unique opportunity to visit the yachts on offer by various brokers, conveniently in the one location, which will be a first for the Australian market.

This Superyacht News Outlet is Moving

For the last three years this news site has carried super yacht news published in a Google Blogger format as well as appearing on our own news site www.thehoworths.com.

Our Web site has until now been a secondary aspect of our promotional tool kit and because of its make up and design has not been capable to handling the traffic it now attracts.

So a major re-design was commissioned and highly experienced web designers who know and understand the superyacht industry were called in to create a new site.

That site is now ready to go live

From Wednesday 23rd July 2014 the news will appear only on the News pages of that Web site.

If you subscribe to this news site using Google Blogger we urge you to alter your book marks so that by going directly to www.thehoworths.com you will get the same quality news briefings without delay 

Royal Hong Kong Yacht Club appoints Marina Projects Ltd


The growing demand for moorings in Hong Kong has led to the Royal Hong Kong Yacht Club (RHKYC) and Hebe Haven Yacht Club (HHYC) to call in the specialists.

Marina Projects the global, independent, specialist marina consultancy based on the south coast of England will undertake a review of the mooring capacity at their facilities to analyse the efficiency of the current water space with consideration to the site constraints and local market in order to better accommodate.

The review will take account of both the RHKYC and HHYC swinging moorings and look to produce practical conceptual arrangements that optimise the existing mooring facilities of both clubs, ensuring there is a match between vessel sizes and mooring capacity.

In order to provide the necessary level of detailed appraisal and consider the extreme typhoon conditions, Marina Projects will be making an assessment of the metocean data and prevailing site conditions.

The review comes against a background of a wider review by Maritime Authorities in Hong Kong of the general demand for mooring and typhoon shelter capacity.

Marina Projects has been active throughout the Asia Pacific region since 2010 and has recently opened a branch office in Hong Kong; the company has an existing relationship with Mott Macdonald Hong Kong and other projects in the region include Baroque on Lamma, New World Qingdao, Westhaven (New Zealand) and Wyndham Harbour (Australia).

Monday, 21 July 2014

Boardroom Shake Up Sunseeker MD Steps Down

In the biggest shake up since it acquired a 91.81% share in Sunseeker the Chinese based Wanda Group has announced that, Stewart McIntyre is to step down as Managing Director and will leave Sunseeker at the end of July 2014, to pursue other interests

Wanda owned by billionaire Wang Jianlin, who was named Chinas richest person by Forbes Magazine in 2013, is a Beijing headquartered conglomerate with strong footprints across China, Europe and the US, operating mainly in four sectors, including commercial properties, culture & entertainments, luxury hotels and department stores.

By 2013, the company had total assets of USD$62.8 bn and has been ambitious in global expansion in recent years.

The Sunseeker Group has formed a special Board Committee charged with responsibility for the selection and appointment of a new CEO for the Sunseeker Group.

The group also plans to appoint two independent non-executive directors to strengthen the operating model and bring strategic expertise to the Board.


In the interim, Wanda Group has endorsed the appointment of Robert Braithwaite CBE as Acting President of Sunseeker.

Saturday, 19 July 2014

Y.CO Introduces Bespoke Version of the BunkerBuoy Fuel Comparison App

In an industry first, all yachts managed by Y.CO are to have access to a specially created bespoke version of the BunkerBuoy fuel comparison app.

The branded software, powered by BunkerBuoy, has been created exclusively for the yacht manager and access will be offered to yachts through Y.CO LIVE, the online yacht management software platform pioneered by the brokerage house. 

A new web-based version will allow management teams and yacht crews to compare fuel prices and place orders from computer as well as iPad and iPhone, from onboard or on land, wherever they are in the world.

Superyacht Market Intelligence Shared by Camper & Nicholsons.

In May of this year twice as many superyacht sales were achieved during the same period as last year.

“With prices remaining competitive, it is little wonder buyers are cashing in on these increasingly alluring deals, says Michael Payne CEO of Camper & Nicholsons.

During the month of May a reported 55 yachts were sold; this represents a 53% increase on last May’s figures, when only 29 yachts were sold.

Of the 55 yachts sold during May 2014, 52 were motor yachts, and 3 were sailing yachts.

The total length of motor yachts sold during May was 1836m, 903m more than the same time last year, when the total length of superyachts sold during May reached 933m. The total length of sailing yachts sold is also up 8m on last year’s figures, with 103m being sold during May.

The average asking prices of the yachts sold since the beginning of the year generally remains on an even keel. In the 24-30m (79’-98’) motor yacht sector, the average asking price is currently at US$3 million, while in Euros it is €2.1 million. Mid-size yachts of 30-40m (98’-131’) currently have an average asking price of US$5.5 million compared with the Euro asking price of €5 million

For larger yachts in the 50m+ (167’) sector, the average asking price has actually increased to US$25.6 and €32.2 million, respectively.

Inspecting this May’s figures further and looking at the average age of fleet sold, Payne suggests that for motor yachts
  • 6% were three years or under
  • 21% were four – six years old
  • 29% were seven – 10 years
  • 44% were 10 years and over

For sailing yachts
  • 5% were three years and under
  • 16 % were four – six years
  • 16% seven - 10 years
  • 63% 10 years and over


Payne said, “These figures demonstrate that buyers are not over looking well maintained, older yachts and it is still condition, quality and competitive asking prices that ultimately prevail.”