Alloy’s situation is reflective of the challenges being faced by New Zealand's yacht building industry following a period of strong currency, which has made the option of a Kiwi yard for offshore clients less attractive due to pricing.
During a visit to New Zealand last week, SuperyachtNews.com was shown around the shipyard by business development manager Chris Brown. The yard is currently empty, with minimal staff left to keep operations going, but Brown reassures that the yard will continue to operate for the foreseeable future.
“We have had to let staff go due to the lack of new contracts,” he explains. “But the company is in a very good financial position; all the facilities and infrastructure is freehold and we currently have warrantees to fulfil, requests for refits, and are working closely with more than one potential customer for new builds.
“We are taking this period of downtime to organise ourselves and make sure that everything is as efficient as possible so that when a new order comes in we can hit the ground running.”