Now that the new yard is operational, work is continuing on the latest project, the 33.5m Frers performance ocean cruising sloop, Hull 1012, the construction of which has demanded the recruitment of additional staff.
In an exclusive conversation with SuperyachtNews.com, managing director Ian Cook discussed the rationale for moving to a larger facility in the midst of the challenging industry climate.
“We will continue to target superyachts of 50m and under,” Cook explained. “This new facility gives us more opportunities to chase refit work that we would have previously lost due to the height limitations of the former facility.
“The availability of the new yard was a timely opportunity to move into a bigger, more modern facility after consultation with Auckland City Properties over the vacant premises that they had acquired in the Yard 37 precinct.”
“In recent years we have completed a lot of projects for customers who are time-poor and keen to take fast delivery of their new build”, Cook explained. “Projects such as 30m Antares III, which completed in just 400 days, are a good example of what Yachting Developments can achieve for customers looking for a quick build time.”
Of the Kiwi market as a whole, Cook also feels the worst is behind them. He says market rhetoric indicates a number of “serious enquiries” for various yards, which will trigger “growth in the country’s order book”. And with the value of the Kiwi dollar finally depreciating after a burgeoning two-year period, the prospect of a new build contract in New Zealand might prove a little more attractive in 2015.