Motor super yachts

Everything you need to know about motor super yachts!

Introduction

Motor super yachts are the epitome of luxury and wealth. These massive vessels are designed for those who want the very best in life, and are willing to pay for it. If you're considering purchasing a motor super yacht, or just want to learn more about them, this post is for you. We'll cover everything from the history of these magnificent boats, to how they're built, and what features they offer. We'll also take a look at who buys motor super yachts, and how much they cost. So sit back, relax, and enjoy learning everything there is to know about motor super yachts!

What are motor super yachts

History of motor super yachts

The first motor yacht was built in 1886 by Charles Henry Fletcher, an Englishman. The boat was named "Venus" and was 24 feet long. Fletcher's company, C.H.Fletcher & Sons, went on to build many more motor yachts, including the first one designed specifically for racing, "Diane II", in 1893.

In the early 1900s, motor yachts became increasingly popular, with wealthy industrialists and royalty commissioning opulent vessels for pleasure cruising. Notable examples include the "Aurora" (1903), owned by Prince Ranieri of Monaco; the "Nomadic" (1911), owned by William K Vanderbilt; and the "Savarona" (1931), owned by Ertugrul Osmanoglu, the last Ottoman Sultan.

By the mid-20th century, advances in technology had made motor yachts larger and more luxurious than ever before. In 1964, German shipyard Blohm + Voss launched "Princess Irena", at 165 feet long she was then the largest motor yacht in the world. She was followed by other mega-yachts such as "Christina O" (1959), "Lady Moura" (1984), and "Octopus" (2003).

Today, there is no definitive size or price point for a motor yacht - they can range from small vessels under 100 feet to enormous ships over 300 feet long costing hundreds of millions of dollars. However, what all motor yachts have in common is that they are designed for luxury and leisure, with lavish features and amenities that cater to their wealthy owners' every whim.

How are motor super yachts built

Most modern motor yachts are built using fiberglass or steel hulls with aluminum superstructure. This combination of materials makes for a strong yet lightweight vessel that is able to withstand heavy seas and harsh weather conditions.

The construction process begins with a team of naval architects creating the plans for the vessel based on the client's specifications. Once these plans are approved, work can begin on building the hull and superstructure. Depending on the size and complexity of the yacht, this process can take anywhere from 18 months to 3 years to complete.

Once the hull and superstructure are finished, they are moved to a dry dock where outfitting can begin. This involves installing all of the yacht's systems - electrical, plumbing, heating/cooling, etc - as well as any custom features or amenities requested by the client. This stage of construction can also take several months to complete depending on the size and complexity of the vessel being built.

After outfitting is finished, sea trials are conducted to test all of the yacht's systems and make sure everything is working properly before delivery to the client.

What are the features of motor super yachts

Motor yachts come in all shapes and sizes, but there are certain features that are common among them. Most motor yachts have multiple decks, with spacious outdoor areas for entertaining and relaxing, as well as indoor areas for dining, socializing, and sleeping. Many also have a swimming pool, Jacuzzi, or other water feature on board.

Other common features include a helipad (for landing helicopters), a garage (for storing jet skis or other small watercraft), and a tender (a smaller boat used for getting to and from shore). Some of the more luxurious amenities that can be found on board motor yachts include movie theaters, casinos, nightclubs, and spa facilities.

No matter what size or price point, all motor yachts are designed to provide their owners with the ultimate in luxury and leisure.

Who buys motor super yachts

What is the market for motor super yachts

The market for motor super yachts is growing rapidly. In 2020, the global market was valued at $9.4 billion and is expected to reach $13.6 billion by 2025, growing at a CAGR of 7.1% during the forecast period (2021-2025). The major drivers of this growth are the increasing disposable incomes of high net worth individuals and the desire to own a luxurious asset.

There are two types of buyers in the motor super yacht market: private individuals and charter companies. Private individuals account for the majority of sales, while charter companies account for a small but growing share.

Who are the major players in the motor super yachts industry

The global motor super yacht industry is highly fragmented with a large number of small and medium-sized players. The top five manufacturers – Sunseeker, Ferretti, Princess Yachts, Azimut-Benetti, and Lürssen – accounted for only 22% of total industry revenue in 2020.

The industry is dominated by European manufacturers who hold a combined market share of around 70%. Italian brands Ferretti and Azimut-Benetti are the two largest players in Europe with a combined market share of 19%. German manufacturer Lürssen is the third largest player with a 10% share. Other notable European manufacturers include Dutch brand Feadship (6%), British brand Sunseeker (5%), and French brand Codecasa (3%).

Outside of Europe, there are a few notable manufacturers such as US-based Christensen Shipyards (2%), Australian brand Ocean Alexander (2%), and Chinese brand Ruiying Marine (1%). However, these brands have a relatively small presence compared to their European counterparts.

What are the trends in the motor super yachts market

Some of the key trends in the motor super yacht market include:

• Increasing demand from emerging markets: There is increasing demand for motor yachts from emerging markets such as China, Russia, Brazil, and India due to the growing number of high net worth individuals in these countries. These buyers are attracted to luxury assets such as motor yachts due to their status symbol value. As such, we expect that more manufacturers will target these markets in order to tap into this growing demand.
• Growing popularity of chartering: Chartering allows buyers to enjoy all the benefits of owning a yacht without having to deal with all the associated costs and maintenance issues. As such, we expect that chartering will become increasingly popular among buyers looking for an easier way to enjoy all the perks of owning a yacht without all the hassle.
• Increasing focus on sustainability: Sustainability is becoming an increasingly important issue for buyers of motor yachts. Many buyers are now looking for yachts that are built using sustainable materials and powered by clean energy sources such as solar and wind. As such, we expect that more manufacturers will focus on sustainability in order to appeal to this growing segment of eco-conscious buyers.

How much do motor super yachts cost

How are motor super yachts priced

Superyachts are some of the most expensive vessels on the water, with prices often starting at $100 million. The cost of a superyacht depends on a number of factors, including its size, features, and amenities.

The largest and most luxurious superyachts can cost upwards of $500 million. Some of the most expensive superyachts ever built include the $600 million History Supreme, the $400 million Eclipse, and the $300 million Streets of Monaco.

What are the major costs associated with owning a motor super yacht

In addition to the initial purchase price, there are a number of other costs associated with owning a superyacht. These include:

• The cost of berthing or mooring the vessel. This can range from a few thousand dollars per month to over $1 million per year for the most premium locations.
• The cost of crew salaries and training. A typical superyacht requires a crew of 20-30 people, including captain, first mate, engineers, deckhands, and stewardesses/chefs. Salaries for these positions can range from $50,000 to over $200,000 per year.
• The cost of fuel and maintenance. A large motor yacht can burn through hundreds of gallons (or even thousands) of fuel per day when cruising at high speeds. Maintenance costs can also be significant, especially if there are any issues with the vessel's engines or other mechanical systems.
• The cost of insurance. Insurance premiums for a superyacht can be extremely high - often millions of dollars per year - due to the value of the vessel and the risks associated with operating it.

What are the operating costs of a motor super yacht

In addition to purchase price and ongoing ownership costs, there are also significant operating costs associated with running a motor super yacht. These include:

• Fuel costs: As mentioned above, fuel consumption on a large yacht can be extremely high - often hundreds or even thousands of gallons per day when cruising at high speeds. Given today's prices for marine diesel fuel (which is typically used in larger yachts), these costs can quickly add up - especially if you're planning on taking your vessel out for extended cruises!
• Crew salaries and training: As mentioned above, a typical superyacht requires a crew of 20-30 people, including captain, first mate, engineers, deckhands, and stewardesses/chefs. Salaries for these positions can range from $50k to over $200k per year depending on experience level and position within the ship's hierarchy. In addition to salaries, you'll also need to factor in training expenses for new crew members as well as onboarding expenses for those who are joining your team from other vessels (e..g., transfer fees).
• Insurance premiums: Insurance premiums for a motor yacht can be extremely high - often millions dollars per year - due to both the value of vessel itself as well as potential liabilities associated with operating it (e..g., environmental damage in case oil is spilled).

Conclusion

Motor super yachts are a luxurious and expensive mode of transportation that have a long history dating back to the early 1900s. They are built with many features and customizations to cater to the needs of their wealthy owners. The market for motor super yachts is large and growing, with many major players in the industry. Prices for these vessels can range from a few million dollars to over one hundred million dollars. There are also many costs associated with owning and operating a motor super yacht, such as crew salaries, fuel costs, and maintenance fees.