18 Oct 2011
Rise in catamaran deliveries
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.”
“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.”
Superyacht Intelligence Website
Craig Cunningham Website
Add a comment
Other Business News
The International Superyacht Society is offering complimentary one-year membership to superyacht crew, in a bid to improve the opportunity for crew to have their voices heard. More
The first group of inductees into the Italian Super Yacht Life apprenticeship programme are making steady progress through the inaugural Super Yacht Captains and Chief Engineers course, as patron, Vincenzo Poerio explained. More
Ferretti Group has announced an upturn in the group's finances for the 2015 tax year, as well as announcing that F Investment has acquired 13.2 per cent of Ferretti Group shares. More
MYBA has announced its new board after its Annual General Assembly, held in South of France on 20 April More
Marlink offers seasonal, flexible contracts to match regional sailing requirements. Through our dedicated account managers and customer services, we develop personal relationships with customers and drive innovations to develop digital solutions and smart applications that take you beyond â€˜just connectivityâ€™.
Viking New Zealand Limited
VIKING is the leading Large Yacht Recruitment Specialists and is continually looking for qualified and experienced Deck, Technical and Hospitality Crew. Also providing Full Crew Management Functions including: Offshore Employment, Payroll Services, Crew Administration, Pre-employment Medical Screening and a dedicated Marine Travel Service.
WREDE Consulting is an independent paint consultant and paint surveyor company who has worked for most of the 200 largest yachts worldwide in coating, paintwork and equipment areas. WREDE Consulting engages in quality management and objective quality assessment for the coating of mega- and superyachts. www.wrede-consulting.com
ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
ATLAS MARINE SYSTEMS
Atlas Marine Systems, the world leader in the design of marine electrical power systems, offers a full range of engineering services necessary to define the onboard electrical distribution system or simply the application of the Atlas power conversion products.
ABB is a leading supplier of electrical power and propulsion systems for ships. We provide innovative, safe and environmentally-friendly solutions and qualified services worldwide. Our AzipodÂ® propulsion has proven its efficiency and reliability on yacht vessels with its ultimate silent and ecological solution.
Over 40 VSAT providers want your contract. BestVSAT.com is a 100% free service. We find the best deals for you - saving you time and money while increasing internet speed and quality aboard. Give it a try - it is absolutely free.
Integrated Navigation Systems based on state-of-the-art technology and decades of experience in the superyacht industry. Ultimate knowledge and flexibility in system integration. Dedicated customer care throughout the whole project and beyond.
Superyacht Tenders & Toys
Superyacht Tenders & Toys have a high level of expertise in providing new build and custom tenders, chase boats, RIBs & all popular yacht toys. With an unrivalled global service network, maintaining a personal & bespoke service, wherever you are in the world, Superyacht Tenders & Toys can help.