3 Sep 2012
OA 120 delivery due post sea trials
The first of the 37m tri-level OA120 series designed by Evan K Marshall and constructed at Christensen Shipyards for Ocean Alexander, which was launched on in Vanvouver, WA on Friday 24 August, is about to undergo sea trials. Having signed a contract for an initial series of three yachts three years ago, this first is due for delivery in the coming weeks and she is expected to debut at the Fort Lauderdale International Boat Show at the end of October.
The sea trials will be a momentous point for the first model in the OA 120 series, said CEO of Christensen Shipyard, Joe Foggia: “When we put her in the water there was no ballast adjustment needed and she is sitting in the water very well. In fact, she is actually a little lighter in the water – and so hopefully should be faster – than we expected. Once we get her on sea trials we will be able to prove her [expected] abilities.”
After sea trials and confirmation she meets expected performance standards in the next couple of weeks, Christensen will start work on the second hull and mostly replicate the original, with perhaps a few tweaks, confirmed Foggia.
Although the initial proposal had been for 35m (115ft) superyachts, this was extended by two metres to 37m (121ft) soon after the signing of the contract when engineering packages suggested the longer length would provide a better outcome, which added several months to the first project’s timeline. The extendable mould was constructed at the Ocean Alexander facilities in Taiwan and shipped to Vancouver while the superstructure was moulded and completed in the US.
The concept and collaboration was envisaged by John Chueh, owner of Ocean Alexander, who had been looking to extend the size range of the yachts it built but facilities in Asia were too small to accommodate the larger superyachts and the yard was already putting out 30 vessels a year speculatively. This month there was announcement of a 34m (112ft) Ocean Alexander series design, to be constructed in Taiwan, again with Evan K Marshall working on naval architecture and Greg C Marshall on engineering,
Jeffery Ferguson, previously an executive at Christensen who is in charge of the project for Ocean Alexander, commented that there are benefits to the collaboration on a number of a levels: “The way we were able to put this [arrangement] together so we could both make a profit was by using the buying power of Ocean Alexander. Whereas yards that just construct larger custom superyachts only build a handful of vessels a year, we build 30 yachts, each with equipment supplied by the manufacturers that also supply to vessels over 30m. We can therefore buy materials for less than the yards that buy fewer units. [This arrangement] also helps Christensen Shipyards because they can buy at our costs for their projects as well, so the profit margin increases on their boats as a result of this alliance and synergy.”
Currently there are three builds confirmed for the collaboration, but the companies commented that if the series is received well by the market, the aim is for many more to be constructed, perhaps up to 10, and designs for a 40m and 46m series have been made, as the hull mould is extendable up to (47m) 155ft. Although there is as yet no buyer for the first yacht, Ocean Alexander hopes that the Fort Lauderdale show next month will attract serious interest.
The first vessel is on the market for US$19.9m, at a cost of approximately $3,700 per square foot, compared with $3,200 for the Christensen Custom Series, said Foggia. This is because when dealing with smaller spaces with tighter access, things become more complex for the yard. He commented that adopting Lean Manufacturing techniques over the last two years has increased efficiencies and been of great benefit to the project.
Ocean Alexander is looking to focus on marketing the finished yachts in the US boat show season, from Fort Lauderdale in October to Palm Beach in March, and would only display a yacht in Europe if an owner had taken her there. “If there was an unsold boat available to be marketed in Asia, and it did not conflict with the Fort Lauderdale show, we would consider taking it there. But Ocean Alexander’s owner Johnny [Cheuh] is well tapped into the market in Asia and he feels that this market is looking for yachts over 37m,” said Ferguson.
Christensen Shipyards profile | Christensen Shipyards website
Ocean Alexander website
Evan K Marshall profile | Evan K Marshall website
Add a comment
Other Business News
Ships of the future will be made with steel alternatives and remote controlled by captains on land, said speakers at a recent Lloyd’s List Summit. Although at present a "fiction" for superyachts, some believe remote control, at least, could be s More
The Spanish marina will be upping its voltage capacity more than five times over with power boosted from 400 to 6,600 volts. More
Yacht Path has filed its consent to a trustee, who is expected to scrutinise past and present operations at Yacht Path and recoup payment for creditors. Over US$ 7 million in claims has so far been lodged by creditors for transport services not rendered o More
The private aviation market in China is enjoying something of a purple patch, which in part can be attributed to the functional purpose jets serve. Superyachts, by contrast, are a nascent phenomenon and their growing appeal in the country may lie in marry More
- Loher facing insolvency if no buyer is found
- Superyachts in private aviation's Chinese slipstream
- 'Triton' sold at auction for US$11 million
- Jamaica superyacht flag gives competition a run for its money
- The social media revolution starts @Superyacht
- “Company goes free” critique on Costa could be levelled at superyacht sector
Superyacht Intelligence Data
Most Recent Comments
- “Company goes free” critique on Costa could be levelled at superyacht sector More
- Jamaica superyacht flag gives competition a run for its money More
- Michael Payne appointed CEO of Camper & Nicholsons International More
- FMC issues warning on yacht transport More
- Creditors demand investigation into 'sordid history' of yacht transport company More
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.
Nautic Crew International, Inc.
Nautic Crew Intl is a Crew placement company started by yachting professionals that truly care about your future crew because we understand the dynamics of life onboard. When it comes to hiring new crew or looking for a position, Experience the Difference!!
Bond TM is an independent consultancy company for AV, IT, communication, navigation and security systems. We manage new builds and refits projects for the most advanced super yachts and provide to the industry the best 24/7 IT support.
ASEA POWER SYSTEMS
ASEA POWER SYSTEMS is the Marine Industry Leader for Shore Power Conversion equipment ranging in power from 8kVA - 1000kVa.
Helkama Bica Oy
Helkama is specializing in development and production of marine and offshore cables. Our experience in this field goes back more than thirty years. We produce only halogen free cables and the cable range include both flame-retardant and fire resistant cables. Helkama marine cables are approved by all major classification societies.
For 40 years Pantaenius has been providing yacht insurance to yacht owners all over the world.