Author: Julien Hubert

The 33.5-metre superyacht Be Cool has been sold after more than a year on the market. The sale was concluded with Jean-Claude Carme of TWW Yachts representing the buyer.

Be Cool was built in 2007 by Overmarine as one of the popular Mangusta 108 model. The superyacht features naval architecture from Andrea Bacigalupo and an exterior design from Stefano Righini Design. She underwent a refit at the Lusben Shipyard in Viareggio Italy in 2020.

The 181 GT yacht can accommodate up-to eight guests across four staterooms, consisting of an owner’s suite as well as two double and one twin staterooms.

The sports boat is constructed by GRP and can reach a top speed of 37 knots, with a range of 400 nautical miles. She sports twin MTU 12V 4000 M90 diesel engines with a combined 5,550 horsepower.

Be Cool was sold with a last known asking price of €3,000,000.

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The Italian shipyard Codecasa have launched the 56-metre superyacht hull F78, at the site in Viareggio. The superyacht features exterior design from Codecasa and interior design from Spadolini.

The superyacht F78 features a four deck layout, with a large pool to the aft of her sun deck, surrounded by a large sun bathing platform. Her profile is in the typical style of Codecasa, and has been completed to high technical standards. Internally, she can accommodate as many as 10 guests between her staterooms, with accommodation for a crew of 13. F78 has large windows throughout, highlighting her classic interiors, with mahogany extensively used.

She is powered by twin Caterpillar 3512E engines and reaches a top speed of 15 knots, with a range of 5,000 at her cruising speed of 12 knots. TWWYM has represented the owner throughout the build, and she will soon be delivered. 

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Apogee

Apogee offers guests an airy sundeck gym equipped with the latest kit, air-conditioning and panoramic views, as well as a Jacuzzi on the sundeck for soothing sore muscles. There is plenty of opportunity to kick back and unwind too, after all, what’s a superyacht charter without a little indulgence? Perfect for parties, guests can enjoy an expansive bar on deck, paired with an opulent main saloon, cocktail lounge and interior bar, games table, jukebox and disco set-up. Delivered in 2003 by Codecasa and refitted in 2013, the 62.3 metre superyacht can sleep up to 12 guests in six cabins with a crew of 17.

Apogee is managed by TWW Yachts with weekly charter rates starting from $275,000 in the low season and $325,000 in the high season.

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The 49.13 metre Feadship motor yacht MQ2, listed for sale by John Cohen at Merle Wood & Associates, has been sold with the buyer introduced by David Westwood of TWW.

Built in steel and aluminium by Dutch yard Feadship to Lloyds class and designed by De Voogt, she was delivered in 1990. Her most recent refit was in 2015 which included a full paint job and she completed her Lloyd’s 25 year survey. She has a striking Art Deco interior, with imaginative use of Karelian burl and carbon ebony, both woods with a high gloss finish, and reflective surfaces such as stainless steel and woven leather lined walls and ceilings.

Guest accommodation is for 14 guests in six cabins configured as a master suite, VIP suite, two doubles and two twins, and all cabins have entertainment centres, television screens and en suite bathroom facilities. In addition, she has quarters for 11 crew.

She has an expansive saloon with comfortable seating and dining areas along with an entertainment centre including a 40-inch Pioneer LCD HD television screen.

Outdoors, the split level sun deck is designed for al fresco living, with a Jacuzzi whirlpool tub, a host of sun beds and a gym with exercise equipment. Twin 850hp Caterpillar diesel engines give her a transatlantic range of 6,200 nautical miles, a cruising speed of 11 knots and a top speed of 14.6 knots.

MQ2 was asking $8,950,000.

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The only thing standing between you and the new-build yacht of your dreams is the range of options and considerations that must be thought of before you embark on your yacht-building journey. SuperYacht Times has outlined some of the most important things to consider when looking for a shipyard to build your first new-build yacht.

From remote working to endless Zoom calls, it’s fair to say that the pandemic has drastically impacted the way we do business. But what has it meant for charter companies and the way they operate not only now, but in the future? 

Of course the most prevalent concern for most of these companies is revenue, with bottom lines directly hit from March 2020. Head of Charter James Graham-Cloete at TWW Yachts explains: ‘Early bookings for the Med season were down due to the pandemic, with the May and June charters cancelled or postponed. The TWW Charter Fleet also saw fewer of the larger vessels crossing back to the Med from the Caribbean, and this had a direct impact on summer revenue YoY. From the TWW fleet yachts, we saw a 25% reduction in charter revenue for 2020, mainly due to the delayed start to season and the larger vessels not returning from the Caribbean.’ However, Graham-Cloete reveals all was not lost: ‘From late June last year, enquiries and bookings picked up, as we saw travel restrictions eased, with many last-minute charters being booked and an upturn in the bookings for Croatia and Turkey, which were accessible to non-EU customers. This trend continued very late into the season – far longer than in previous years.’  

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This Market Insight article was written for SuperYacht Times by TWW Broker James Hall.

As 2020 began, I was excitedly looking forward to the new challenges brought about by my decision to work on the other side of the fence as a yacht broker. Up until then, I’d spent the majority of my career working for manufacturers, firstly at Sunseeker on their large yacht offerings, culminating in the position of Superyacht Sales Manager and subsequently with Princess as the Director of their M Class Yacht Division. During this time, I was directly involved in over 70 projects between 30-50 metres and thoroughly enjoyed the experience of developing and selling yachts to every corner of the globe.

I could see so many sales opportunities all over the world as we settled into the year. There was a good volume of stock available of all yachts of all sizes, but particularly in the 30-50 metre size range. This market had a number of good quality used yachts for sale, as well as new yachts available from various manufacturers with relatively short delivery times.

In the early part of 2020, momentum was building and deals were starting to come together. And then Covid hit. It felt like the world stopped, as we drew breath and wondered what we would see in the next months. Some predicted massive crashes, others thought there might be a little movement, but none of us knew what would happen. Like many in the industry, I had personally experienced motor yacht market fluctuations in the past such as the financial crisis of 2008, however at that time other regions of the world such as Asia really picked up. 2020 was different, as the whole world was affected and I think all yacht brokers were expecting the worst. The general consensus was that the market would collapse as the economy headed into recession, and this was supported by the expectations of buyers who were unable to travel to see, inspect, buy and use yachts post purchase.

We experienced a raft of new buyers coming into the market. These people were looking for a safe environment they could control, and the ability to travel freely with friends and family. The pandemic brought home to many who in the past had thought of buying ‘one day’ that that day was now!

As the summer progressed, we saw a positive upswing in real enquiries, and the successful sale of sensibly priced yachts which continued to the year’s end. This was to such an extent that currently, at the start of 2021 there is limited stock available in both the brokerage market and in new yachts from the manufacturers. In fact, some of the production manufacturers have reduced their output of yachts over 30 metres, as new emissions rules have been introduced for keels laid after the start of 2021. This makes the limited stock of new boats coming to the market even tighter.

So, what does 2021 look like? I believe that the ‘killer deal’ for the buyer will be very rare before the start of the season, however, for the seller looking to list their yacht, they will be able to maintain good value as long as their expectations are realistic. As such, now is as good as time as any to put your yacht on the market.

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