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Posts Tagged ‘China Yachts’


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Selene 66 (73 Feet)

Listed at YachtFinders Global http://www.yachtfindersglobal.com/used-boats/detail/1322  and available for inspection from Singapore.

At 73 feet in length and very highly spec’ed this is a serious offshore Passage Maker or Coastal Cruiser.

Capable of extended cruising without having to put into port thanks to large fuel capacity, great economy and an impressive list of equipment.
Water Maker, Trash Compactor, Stabilisers, Gensets x 2 , Air Conditioning, Washer, Dryer, Hydraulic bow and stern thrusters and a walk in engine room to name a few.

The full living and dining area of the Selene 66 is on the saloon level and is entered from the cockpit. Owners will enjoy three staterooms with crew quarters aft of the engine room and all staterooms have ensuite heads. The full width master stateroom is complete with a large ensuite, full length closets, and writing desk. The flybridge can be accessed from the stairway in the pilothouse. The Selene 66 flybridge allows for extended deck space that can accommodate a large tender as well as a perfect platform to fish, dive and just relax on.

Machinery spaces aboard are easily accessed through a transom door or main saloon and the engine room features full standing headroom up to 6’2”. All major components are within reach for ease of maintenance. In addition to clean engine room spaces, a massive lazarette includes washer and dryer units stored under a workbench.

Like all Selene yachts, she features fabulous interior woodwork, exotic granite, a selection of glamorous draperies and fabrics, as well as high quality European lighting and interior fittings. She is designed for extended cruising in style, comfort and safety.

  • General

  • Year: 2008
  • Price: $1,950,000 USD
  • Price Details: + GST & Duty
  • Boat Type: Power
  • Boat Type Detail: Trawler
  • Location: Offshore
  • Hull Material: GRP
  • Engine/Fuel: Diesel
  • ID No: #1322
  • Dimensions:

  • LOA: 73′ 5″ ft / 22.38 m
  • LWL: 62′ 3″ ft / 18.98 m
  • Beam: 18′ 8″ ft / 5.69 m
  • Draft: 6′ 4″ ft / 1.93 m
  • Displacement: 70.25 Tonnes
  • Engines:

  • No. of Engines: 1
  • Engine(s) HP: 610 HP
  • Engine Brand: Cummins QSM11
  • Cruising Speed: 10 kn
  • Max Speed: 12 kn
  • Hours: 1301
  • Builder/Designer:

  • Builder: Jet Tern Marine
  • Designer: Howard Chen
  • Tankage:

  • Fuel: 9,841 L
  • Water: 2,271 L
  • Holding: 870 L
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Stb_Side_@_PhiPiDon_Phuket_16_Nov_2014_2-690x475

Selene 66 – The ideal Long Range Slow Cruise boat

Selene 66 (73 Feet)

Listed at YachtFinders Global http://www.yachtfindersglobal.com/used-boats/detail/1322  and available for inspection from Singapore.

At 73 feet in length and very highly spec’ed this is a serious offshore Passage Maker or Coastal Cruiser.

Capable of extended cruising without having to put into port thanks to large fuel capacity, great economy and an impressive list of equipment.
Water Maker, Trash Compactor, Stabilisers, Gensets x 2 , Air Conditioning, Washer, Dryer, Hydraulic bow and stern thrusters and a walk in engine room to name a few.

The full living and dining area of the Selene 66 is on the saloon level and is entered from the cockpit. Owners will enjoy three staterooms with crew quarters aft of the engine room and all staterooms have ensuite heads. The full width master stateroom is complete with a large ensuite, full length closets, and writing desk. The flybridge can be accessed from the stairway in the pilothouse. The Selene 66 flybridge allows for extended deck space that can accommodate a large tender as well as a perfect platform to fish, dive and just relax on.

Machinery spaces aboard are easily accessed through a transom door or main saloon and the engine room features full standing headroom up to 6’2”. All major components are within reach for ease of maintenance. In addition to clean engine room spaces, a massive lazarette includes washer and dryer units stored under a workbench.

Like all Selene yachts, she features fabulous interior woodwork, exotic granite, a selection of glamorous draperies and fabrics, as well as high quality European lighting and interior fittings. She is designed for extended cruising in style, comfort and safety.

  • General

  • Year: 2008
  • Price: $1,950,000 USD
  • Price Details: + GST & Duty
  • Boat Type: Power
  • Boat Type Detail: Trawler
  • Location: Offshore
  • Hull Material: GRP
  • Engine/Fuel: Diesel
  • ID No: #1322
  • Dimensions:

  • LOA: 73′ 5″ ft / 22.38 m
  • LWL: 62′ 3″ ft / 18.98 m
  • Beam: 18′ 8″ ft / 5.69 m
  • Draft: 6′ 4″ ft / 1.93 m
  • Displacement: 70.25 Tonnes
  • Engines:

  • No. of Engines: 1
  • Engine(s) HP: 610 HP
  • Engine Brand: Cummins QSM11
  • Cruising Speed: 10 kn
  • Max Speed: 12 kn
  • Hours: 1301
  • Builder/Designer:

  • Builder: Jet Tern Marine
  • Designer: Howard Chen
  • Tankage:

  • Fuel: 9,841 L
  • Water: 2,271 L
  • Holding: 870 L

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This from Reuters on Ferretti

UPDATE 1-Yacht maker Ferretti cruising for China middle market

Considering Chinese brand acquisition in 12-18 months

* Eyeing IPO in Asia stock market in 3-4 years

* Shandong Heavy owns 75 pct of Ferretti

By Antonella Ciancio

MILAN, Nov 6 (Reuters) – Ferretti, the Italian luxury yacht maker favoured by Chinese tycoon Li Ka-shing and Italy’s Fiat-owning Agnelli dynasty, may expand into smaller boat building in China to meet growing demand from the country’s newly-affluent middle classes.

The group, controlled by China’s state-owned Shandong Heavy Industry Group, is looking to add 6-8 metre pleasure boats to its range of customer-designed mega-yachts popular with the world’s super-rich.

Ferretti would manage production of the boats following the  acquisition of a Chinese brand over the next 12-18 months, Chief Executive Ferruccio Rossi told Reuters in an interview.

“With our know-how and support by our majority shareholder we are considering entering the so-called recreational segment and make smaller boats for the Chinese middle class through a local brand and a local manufacturing plant,” he said at the launch of Ferretti’s first megayacht under the smaller-sized and glamorous Riva brand.

Ferretti, taken over by Shandong Heavy in a 374 million-euro deal in January, owns eight brands including Ferretti Yachts, Pershing, Itama and Bertram.

IPO CONSIDERED

Rossi said the group was also considering an initial share offering in Asia on the heels of Italian fashion group Prada’s IPO last year, Rossi said.

“Maybe in three to four years we could list on an Asian market to gain further visibility,” Rossi said. “I very much like the experience of Prada and we are looking at it closely.”

“There could be a dual listing but it’s premature to think about this now.”

Ferretti, which competes with smaller Italian peer Azimut Benetti, floated on the Milan stock exchange in 2000 following a string of acquisitions and delisted two years later.

It has said it would keep jobs and manufacturing in Italy, which has long dominated the yachting industry.

But a protracted recession and a fiscal clampdown have hurt domestic sales of luxury goods, Rossi said, and the company has  temporarily laid off workers at one of its Italian yards.

The global yacht market is expected to grow by 2 percent in 2012 from 5 percent last year, luxury body Altagamma said.

Rossi said Ferretti would continue to produce in Italy, where it aims to break even in the second half of 2013.

CHINESE HOLDINGS

Shandong Heavy Industry Group controls four groups with stock listings in Hong Kong, Shanghai or Shenzhen: Weichai Power , Weichai Heavy Machinery, Yaxing Motor Coach Company and Shantui Construction Machinery.

It plans to invest nearly 200 million euros in Ferretti, after an initial equity investment of 178 million euros for a 75 percent stake and 196 million euros of debt financing.

Former creditors Royal Bank of Scotland and hedge fund Strategic Value Partners own the remaining 25 percent.

Ferretti is not alone in finding itself owned by investors from emerging markets taking advantage of Europe’s financial woes to pick up brands and establish themselves as global players.

Private equity fund Permira, a former shareholder in Ferretti, sold fashion house Valentino to the Qatari royal family for around 700 million euros in July.

Ferretti makes around half of its sales in Europe, 15 percent in Asia-Pacific, and 35 percent in the Americas.

The company aims to make one third of revenues in each region by 2018.

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Back in January 2012 when Ferretti announced the sale to Shandong Heavy Industry Group Co I wondered how long it would take. Now here is the answer !

Below are extracts of various articles from Boat World and other Boating publications.

Quote

Ferretti Group, whose Riva unit made boats for Brigitte Bardot and Sean Connery, intends to open an assembly plant in China as its new Chinese parent seeks to drive up sales in the world’s most-populous country.

The Italian yacht maker is considering plans for the facility in Qingdao, Shandong province, Tan Xuguang, chairman of the company and of its majority-owner Shandong Heavy Industry Group-Weichai Group, told reporters in Beijing yesterday. The plant will customise vessels for the local market, he added.

Ferretti plans to boost sales in emerging markets led by China, Brazil and Russia, Mr Tan said, as the eurozone debt crisis saps demand in Europe. Shandong Heavy, China’s biggest maker of bulldozers, (Yes Bulldozers & Yachts the new Vertical Integration!) agreed to buy 75 per cent of the yacht maker from creditors in January for 178 million euros (S$280 million).

http://www.businesstimes.com.sg/premium/transport-hub/shipping/yacht-maker-ferretti-plans-open-china-plant-20120829

S-W Asia Editor’s note The Ferretti Group, in case you missed it, is a great deal more than Riva. The Group involves eight brands:

  • Ferretti – deluxe motoryachts, 15-27m
  • Pershing – high performance, high luxe, 15-35m
  • Itama – motoryachts 13-24m
  • Bertram – sport fisherman boats, 11-24m
  • Riva – open launches and flybridge cruisers, 8-35m
  • Mochi Craft – ‘lobster boats’ (its a styling thing), 12-23m
  • CRN – fully custom built aluminium megayachts, 44-90m
  • Custom Line – grp maxiyachts, 26-38m

A couple of years ago Ferretti got into a lot of hot financial water when the private equity company that owned a chunk of the business decided that it was worth nothing. Norberto Ferretti, founder of the original brand and of the Group, had to do a lot of monetary gymnastics to regain control and stop the whole thing being shut down.

Since then, business has not improved in Europe and North America, the traditional markets of the European luxury boat builders. Like everyone else, Asia (and in particular China) is being seen as The Big Market to get into. Many manufacturers have found out already that the Asian perception of boating is not quite the same as it is ‘back home’. ‘It’s a market, Jim, but not as we know it’.

European boat owners and charterers treasure their floating hotels for the peace and privacy they permit – the ‘exclusive getaway’ sort of programme. In Asia there is little point in having a big expensive boat if you don’t show it off – preferably tied up to the dock where everyone can see it – and there is no need to venture out onto that nasty, rolly, bumpy stuff, the sea. (Sooooo true)

It will be interesting to see what Ferretti China comes up with by way of ‘customising for the local market’. We know a boat builder who was quite flabbergasted when asked to build an 80′ luxury motor yacht – with one saloon/bar space (no dining facilities or galley required), a giant karaoke lounge complete with mirrored ceilings and disco-ball decor, and just one large stateroom (wonder what that was going to be used for?). And most importantly, a generator BUT NO ENGINES.

We will be watching Ferretti’s China output with great interest.

by BusinessTimes.com.sg

Unquote

That’s it I am buying a Princess Yacht now !

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