21 October 2014
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

Fraser Yachts Europe unveils new commercial director

Vassilis Fotilas has been promoted to the position of commercial director of Fraser Yachts Europe. More

Take me to Tuzla: Dunya, Numarine and Alen Yachts

SuperyachtNews.com's exclusive tour of the Turkish superyacht industry concluded with a trip to Istanbul to visit Dunya Yachts, Numarine and Alen Yachts. More

Privilege Yard back in business as construction of 127m resumes

Italy's Privilege Yard, in the media in April 2014 due to reports of unpaid wages, has spoken exclusively with SuperyachtNews.com, confirming it has resolved any financial difficulties and is resuming construction of a 127m and has an even bigger project More

In the Free Zone 2: Alia and Sarp Yachts

On the second day of its tour of Antalya's Free Zone, SuperyachtNews.com discovers two lesser-known examples of genuine Turkish superyacht building quality at Alia Yachts and Sarp Yacht. More

business News Archive

Superyacht Intelligence Data

Most Recent Comments

  1. Former ANT employees establish Flare Technologies More
  2. RMI hones in on helideck safety More
  3. Bond Technology Mastermind at Monaco Yacht Show More
  4. Playing the waiting game in Spain More
  5. Captain contacts SYN to reveal crew are not being paid 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

Wards Marine Electric

Wards Marine Electric

MVMSYSTEM Limited

MVMSYSTEM Limited

Viking Recruitment

Viking Recruitment

Marina Port Vell S.A.U.

Marina Port Vell S.A.U.

Rybovich Superyacht Marina and Refit

Rybovich Superyacht Marina and Refit

Seastema Spa

Seastema Spa

D and B Services

D and B Services

Directory. Add your logo here with a premium listing.
 
 
 
 
 
 
 
 
 
 

Featured Listings

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

Consultants, Project Management

Marine Management
We specialize in quality project mgmt and consultancy services to the Superyacht industry. Our extensive commercial experience ensures qualified over-sight of your vessels refit, build or upgrade. We attend vessels worldwide, providing owners onsite technical representation, and supervision of projects with no margin added on contracted services.
www.mml.org.nz

Rigging

Reckmann Yacht Equipment GmbH
Reckmann Yacht Equipment GmbH is a specialist company for reefing systems, masts and hydraulics and will celebrate the 120th anniversary in 2012. Today, the company is one of the leading producers and traders of headsail reefing equipment and is a synonym for quality, continuity and innovation.
www.reckmann.com

Administration Services, Banking, Fiscal & Finance, Classification & Registration

Register A Yacht.com
We have combined the expertise of a dedicated team focused on meeting the needs of yacht owners together with Sovereign's 25-years of experience of corporate management and financial services
www.registerayacht.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. Raytheon Anschutz your partner for individual bridge system solutions.
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