5 March 2015
SuperyachtNews.com News brought to you by Master Yachts
18 Oct 2011

Rise in catamaran deliveries

By | Other articles by this author

As we near the end of 2011, the year has been marked by the delivery, and impending delivery of five catamarans, including the world’s largest, the 44.2m Pendennis build Hemisphere. There are a further three new builds scheduled for delivery in 2012, with Abu Dhabi MAR’s Catamaran 54 set to topple Hemisphere from its throne as king of the cats. There were also three multihulled deliveries in 2010, equalling 11 catamarans delivered in three years, more than a quarter of the total number ever built (which stands at 40).

The only time this upward trend has been matched is during the relative boom period of 1997-2003, during which 12 catamarans were delivered to owners. However, 2011 finds UHNWIs operating in very different economic conditions. So does this mean that catamarans are becoming more attractive propositions for prospective owners?

According to Craig Cunningham, a yacht designer responsible for the Endless Summer catamaran concept, 'yes'. He said that, in contrast to their traditional function as a small-scale charter vessel, builders of production units have become aware of increasing market interest in larger catamarans: “Initially the bigger units were just supersized versions of the production units. Now the builders have all shifted a gear, the design is much more advanced.”

Despite advancements in the build process though, Cunningham highlighted a number of issues that still blight catamaran production. Brokers, he said, are largely interested in selling straightforward production units - discouraged by beams of 12m+ that conflict with berth uptake - but that may not appeal to prospective owners seeking custom projects.
 
Referencing the world’s largest catamaran, Cunningham explained their growing appeal:

“There was a lot of interest in Hemisphere at Monaco. Such big custom cats offer both performance and space that a monohull of the same length never could. Deck spaces are vast and dramatic in their scale. Space for toys is all there, without impacting on the guest areas. The General Arrangements can be more private, with cabins being quite isolated from one another - all adding to a better onboard experience.”


Hemisphere. Image courtesy of Pendennis.

In times of economic hardship, yachts must not only be seen as personal indulgences, but as viable revenue generators that pay for their maintenance and operation. According to Cunningham, if designers are able to respond to more complicated expectations, catamarans can offer an increasingly appealing alternative to sailing yachts:

“The real motivation must be to have the best onboard experience. Cats have proven that they do work very successfully to generate revenue in the charter area. The client is getting deck space and performance, and providing the sort of experience of a much bigger yacht, on a more modest budget. That will be a consideration for anyone who might want to generate revenue from charter.”

Related Links

Superyacht Intelligence Website

Craig Cunningham Website

Comments

Add a comment

1800 character limit

Having problems? Let us know editor@superyachtnews.com

Other Business News

AkzoNobel restructure results in minor growth

Following a reorganisation of the performance coatings segment of AkzoNobel in Q3 of 2014, the paint manufacturer’s just-released figures for 2014 confirm small growth in the division. More

Asking prices are 'unorthodox' and 'atypical'

SuperyachtNews.com has been contacted by Miguel Ángel Serra Guasch, of Garrigues, with information that a Bealric tribunal has dismissed the methodology of using asking prices to calculate a second-hand yacht's value. This had been used to establishi More

New marina in Cyprus receives investment

Reports of a 220-million-euro investment in the construction of a superyacht marina in Ayia Napa have been confirmed, increasing the appeal of the benefits that long-term berthing in Cyprus has to offer. More

Final call...

The discounted offer on The Superyacht Intelligence Annual Report has now ended... More

business News Archive

Superyacht Intelligence Data

Most Recent Comments

  1. New marina in Cyprus receives investment More
  2. Not so privileged… More
  3. Privilege Yard back in business as construction of 127m resumes More
  4. Core team remains after redundancies at Alloy Yachts More
  5. Massimo Perotti steps down from UCINA post More
SuperyachtNews app available now. Click here to download.
Tailor a subscription package to suit your needs
Latest issue
Latest issue

E-Newsletter

Get regular updates from SuperyachtNews with our weekly Email Newsletter.

Submit

SuperyachtIndex.com

Latest Premium Listings

Marina Port Vell S.A.U.

Marina Port Vell S.A.U.

Abeking & Rasmussen Schiffs- und Yachtwerft Aktiengesellschaft

Abeking & Rasmussen Schiffs- und Yachtwerft Aktiengesellschaft

Abercrombie Fine Wines

Abercrombie Fine Wines

Italian Superyacht Forum and Superyacht Captains' Forum

Italian Superyacht Forum and Superyacht Captains' Forum

Fastnet Marine Insurance Services Ltd

Fastnet Marine Insurance Services Ltd

Transas Marine

Transas Marine

NetLogic

NetLogic

Directory. Add your logo here with a premium listing.
 
 
 
 
 
 
 
 
 
 

Featured Listings

Water Treatment & Watermakers

Jets Vacuum AS
Jets Vacuum has for over 25 years been the leading innovator in vacuum sanitation technology. With over 9000 Jets systems in operation on all types of ships, Jets are known for high quality, flexible cost efficient solutions backed up by first class word wide service
www.jetsgroup.com

Marinas & Ports

Ocean World Marinas
Ocean World Marina is the only full-service marina located between the heavily traveled Florida/Bahamas area and the Puerto Rico/Eastern Caribbean region.
www.oceanworldmarina.com

Recruitment

SuperyachtJobs.com
is the leading online portal provider of career and recruitment resources for professionals in the superyacht industry. This includes yachts as well as shore-based companies. Take control of your recruitment and advertise your jobs direct to 30,000+ registered crew, 23,000+ unique monthly visitors and 10,000+ social media followers.
www.superyachtjobs.com

Interior Fittings, Water Treatment & Watermakers

Evac Oy
Evac designs, manufactures and markets environmentally friendly vacuum toilet and wastewater treatment systems for the yacht and shipbuilding industry. With the latest advanced technical innovations we provide quality, reliability and design.
www.evac.com

Navigation

Raytheon Anschuetz
Professional Integrated Navigation Systems based on cutting-edge technology and decades of experience. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.
yacht.raytheon-anschuetz.com/

Shore Power Convertors

ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
www.aseapower.com

Add your company listing here

Add a featured listing here and your advert will appear on every page of SuperyachtNews.com, SuperyachtIntelligence.com, SuperyachtIndex.com, TheCrewReport.com and SuperyachtJobs.com.

Add my company listing