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Italian built vs Dutch built superyachts

Discussion in 'General Yachting Discussion' started by ESCONS, Oct 9, 2012.

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  1. ESCONS

    ESCONS New Member

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    As a person who has only been involved in the legal work behind registering yachts under a Flag, I have come across a number of clients who have had different priorities in the 'more yacht for less money' vs ' better build quality', and I am now wondering what you guys think.

    It is common knowledge that e.g. a new Feadship 45 m could cost you approx. Euro 30m, while a same length Italian build could cost you Euro 20m. in the second hand market the Dutch builds equally command a better price

    I have a case in hand where a client would consider a second hand yacht based on the following. Either:

    - DUTCH: getting a Feadship SL39 like GO, or a Moonen 124 like Northlander, or a Hakvoort like 'Snowbird'. all around Euro 20m+ mark, all Dutch and quality built possibly lacking some Italian flair.

    - ITALIAN: getting a Baglietto 43M like 'Ancora' or 'Why Worry'. Ancora going for what seems like a bargain around Euro 12.9m and Why Worry at Euro 17.75m.

    My question is, styling aside, are the Dutch builds really worth the difference in price? is there a specific problem with Italian builds, and then especially e.g. Baglietto, where the yachtbuilder has gone bankrupt?


    I have recently spoken to a captain on a new Italian build (obviously no names) and it is amazing how many warranty claims there are after 1 month of navigation. his words were that you would have none of that on a Dutch build. how true is that?

    Please note that i do not advise clients on these matters, the topic just interests me a lot.
  2. Rene GER

    Rene GER Senior Member

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  3. ESCONS

    ESCONS New Member

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    thank you Rene. that is a very interesting thread indeed! It sums up the feeling I got from talking to some captains, where the supervisors and in the end the captain and crew of certain Italian yachts knew more about the yachts than the yard itself.

    to be honest my comparison was going to be Italian vs Dutch AND German builds. therefore without being too general, one can sum up that in the mid super aycht section (30m-60m) in fact Benetti, CRN, Baglietto, Codecasa might be lacking in build quality and finish and electrical system layout, etc compared to Feadship, Amels, Lurrsen, Abeking & Rasmussen, etc....

    I know this to be true as a fact on smaller yachts with Azimut and Ferretti having problems vs Sunseeker, Drettman group yachts, etc
  4. Rene GER

    Rene GER Senior Member

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    For the record: Drettmann is a German company but the Elegance Yachts were built in Taiwan and now the yachts will be build in Turkey (Drettmann-Sunrise Yachts). Not sure if all but not in Germany ;)
  5. ESCONS

    ESCONS New Member

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    yes Rene am well aware of that :) but have had some very positive feedback on the Elegance yachts (tailor made options at build, build quality and 'German' engineering) compared to e.g. Azimuts...
  6. Capt J

    Capt J Senior Member

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    I don't really deal with many megayachts nowadays, however, I have worked on a 172' Feadship and 160' Delta as well as a long range canoe stern 97' Italian built boat as well as running many 100-115' just for a day here or there. The Feadship was extremely well thought out, there was storage everywhere, and there wasn't any wasted space. The Italian yacht had some things that you just couldn't get around. Nuances, the entrance to the engine room was too small and getting any parts in and out a mission, some spaces were really tough to access, none of the appliances in the entire boat could be replaced without cutting a hole in the boat, all doorways were narrow, things like that, that made life as crew miserable. The Delta was better at access doorways, but the build quality of the joinery behind what you normally saw was VERY sloppy, getting around on the yacht wasn't well thought out in regards to the decks, up stairs, across the second level, back down another set of stairs to get back to the 1st level on an outside deck...... I think there is a big difference in the build quality between a Feadship and most Italian builds. The question is, whether the owner would ever notice this in his cruising.

    I just delivered a new Italian express, and I've delivered many brand new boats. I have never and I mean never seen so many things break on a delivery, and lack of access was a big problem. We had a hot water flood in the VIP, well to get to the whale 90 degree fitting, we had to destroy the entire nightstand, they had both hot and cold water lines run through the nightstand and you could see the start of the fitting, but there was no access at all to actually fix it. Things like this, make a small 5 minute repair a 1/2 day job. And, I've seen lack of thought of foresight from a lot of Italian builders for access and repairs, that make a simple repair, a nightmare.
  7. davidwb

    davidwb Senior Member

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    Azimut/Benetti/SanLorenzo: when it comes to the number of yacht being built, they sure must do things right: one look at the Global Order book, and I was astounded at how many ships they have under construction! Must be huge factories/operations/sheds over there.
  8. ESCONS

    ESCONS New Member

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    I have absolutely no doubt about that. Benetti and San Lorenzo look beautifully made at least from a distance or in photos and possibly also in real life.

    I am sure also that you cannot generalise across the board and say all Italians are not well build and all Dutch are fanastically built. One might say that eg. Benetti are better built and more thought of than Baglietto or San Lorenzo while Feadship are better than Oceanco or Moonen....
  9. Arethusa

    Arethusa New Member

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    Italian Built VS Dutch Built Super Yachts reaction

    I did notice your discussion on quality of super yachts
    while there are yachts being build under Lloyds register
    at Italy and Holland the out come may fairy when it come s to
    ergonomics and accessibility of technical space s and quality.

    I also know that it depends on the Lloyd surveyor inspector.
    It can happen that one day the surveyor does approve on the drawings
    And than the next month it may be not approved this has al to do with
    the surveyor s own opinion whitin Lloyds register regulation.
    Because his signature and approval has his responsibility.
    Here at the Netherlands the Lloyds rules may be the rules but i seen
    simply the fact that it s better save than sorry.
    As a result: most Dutch super yacht builders want the maximum quality.

    Where it come s to ergonomics the layout of a yacht is not being discussed much.
    But at Holland after sale s and maintenance are important ,
    so easy modify ,repairs is of importance this results to smart use of space and again accessibility.

    Finally customer satisfaction -At the Netherlands as i did experience
    It goes just a step beyond.
    Because they want the customer also again as client for a refit or modify or a next new build yacht in the future .
    Lot s of affords are being made even tho if it seems impossible to do.

    Kind Regards ,Arethusa The Netherlands
    Mechanic
  10. Capt J

    Capt J Senior Member

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    Ohhhhh they surely do.....they make them look sexy......sometimes they even make junk look sexy!

    I know of a San Lorenzo that was around 95' that was launched a few years back, it listed 16 degrees and almost tipped over. Their answer was to add 21 tons of ballast to the other side.....I dealt with an owner whose very good friend had hull #2 in the build process, when he watched the launch of hull #1, he instantly sold hull #2 before it was even close to being finished and he went on to order a Moonen that he is extremely happy with. Azimut's have had their share of less than stellar build quality results as can be found by doing a search on this forum.
  11. Awesom-O

    Awesom-O New Member

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    Any one who has first-hand experience can share some information about the difference between top tier builders if it exists, for example, let's say lurssen and feadship, in terms of technology, details or general build quality?
    I'm simply a fan of their masterpieces.Never had a chance to see in person any of these beautiful babes from the two prestigious shipyards.. But from a fan's perspective. I can still notice some differences.
    1. Lurssen seems a little bit more technology advanced? when feadship celebrated their naval achievement of MY predator which is incredible for sure. But to me, Carinthia VII and Rising Sun had been there for many years with similar propulsion and higher speed. not to mention the spectacular MY Ice, the indoor tender garage which lurssen adopted first and later led the industry trend, ...etc
    Due all respect to yacht builders, I don't think anyone beside lurssen/B&V can build MY Octopus even today
    2. feadship is more detail oriented. It's hard to describe, maybe not, it could just be my personal opinion. For example, the wind shield/window panel is flat on many lurssen's upper/owner's deck even their whole theme is curvier than most feadships,why not keep style in accordance, cost wise? I don't know. and you can tell a lot of parts are very standardized. While, if you check carefully at Musashi/fountainhead and many other feadships, they just look, should I say, more customized?
    On the other hand, lurssen's metal cut capacity makes their yachts' profiles shape whatever owners want(not always in a good way) compared to feadship's unmistakable appeal(except a few recently launched).
    3. feadship knows how to do business better. More media exposure, more ads, more promotions, better website even after lurssen updated its own.
    Feadship's pictures even look more fabulous with better reflection, more close shots.
  12. ESCONS

    ESCONS New Member

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    i agree with you on that especiallly on the media exposure and customer interaction, and this is particularly true when you compare this to Italian yards.

    I know of an Italian yard, a more recent player in the larger yacht market, who has recently launched some beautiful yachts (at least to look at cant comment on build) where the owners and main management can barely speak a work of English. Also at the Monaco show they would stick to Italian speaking clients and really make the extra effort with them, while not maximising at all any other non-Italian speaking clients...which to be honest should be the bulk of their clientelle.
  13. Liam

    Liam Senior Member

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    Some points to know.

    - You have two choices of build when inspecting from Class. Most 80feet plus Yachts have there designs class approved. In Italy this also happens for smaller vessels, altough not to A1 standard.
    Being design approve and having a survey on construcition is a totally different matter. This normaly depends from owner, and what he wants to do with the yacht. A class certified construction with surveyor in build can cost an extra 1 million EURO easy in a 25 meter.
    - last comparing Sunseeker to Moonen is way wrong. I consider Ferretti a better build to Sunseeker especially in technical areas. Even Azimuts built in Viareggio 80 feet plus are IMO better to a big Sunseeker,and Princesses for that same size. OTOH I consider Azimut and Ferretti, behind a custom steel or alloy built Moonen of the same length. Ferretti also rides better to a Sunseeker in high seas. If you go to other builders from Viareggio the bar is even higher IMO especially when we speak of construction and technical details.
    May be Sunseeker would be better to Italians in the electrical area, but I have never been so luck to find such superiority in the smaller vessels.

    Recent Baglietto do not keep there prices as much as older ones, and the company is more famous for its fast series, which ride exceptional well, and keep quiet a high price. Only Admiral in its previous founding management rode as well. The new Tecnomar ones we have to wait and see.
    I think the price difference is also subject to the design, the Italian offering usually a more modern flare to the Dutch in the medium super yacht sizes (24 - 40 meter), meaning a younger (not only in age but also in yachting experience) customer who makes fast, but also looses them fast too.
    I am also speaking of interest here, not just of cash.
    Feadship immensly nice in details especially over-time but I remember a surveyor telling me when we had two recent Feadships with very low bows. How do these builders thing that this boat will ride in a Force 9 head sea in an Atlantic crossing. Bow in the water..... BTW a planning 30 meter Adimral had a higher bow, and a Codecasa next to it of the same size had more then double.

    I am pro-Italian, in any case so you know it, and I dont see much of the things Capt J sees. Altough delivering new boats which dismantle is very normal in fast boats, of many makes. Some of them usually also want to sink from something stupid done from the workers on a Friday.
  14. Liam

    Liam Senior Member

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    Was this not posted on forum by some-1 else? :eek:

    Anyhow I never saw a Sanlorenzo list over by more then an inch, so I am waiting for pictures of this nearly tipped over San Lorenzo. I was also fortunate to board hull one of the SD92 series in its maiden voyage, and the boat according to the captain was spot less.

    Anyhow I know couple Sanlorenzo 72 and 82 owners most of them come from higher volume builders; Sunseeker, Fairline, Ferretti etc and most of them will tell you it is the best boat they ever had in terms of quality. Most of these owners helm the boats themselves and use crew for maintenance.
  15. ESCONS

    ESCONS New Member

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    Thank you Liam for your feedback. Based on my initial query relating to a client who is considering a Baglietto vs a Dutch yard , do you have any personal experience ( build quality, electrics, handling) with the Baglietto 43m series such as Ancora, Why Worry and others ? I was involved in getting Malta flag for Blue East ( formerly Blue Eyes) And she looked beautiful from the outside though I did not like her interior and I have no idea on the technical side of things
  16. K1W1

    K1W1 Senior Member

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    Hi,

    Would you care to share with the forum a designers brief or yacht building contract that states the vessel must be for service in these extremes?
  17. Liam

    Liam Senior Member

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    Come on KiWi lets not mince Words in a lawyer way.

    You are buying a pleasure yacht whatever the size advertised in nice sunny waters, but as they say in our parts the sea has a soft belly and a hard head.

    Force 9 Seas not only happen in the Atlantic Ocean but also here in the Med. Actually like with like a gale plus wind sea in the med is usually worse to that of an Ocean because of the different currents, and shorter steep waves. Here in Central Med we have a couple Force 9 a year, sometimes they happen even in end Summer like September, or early like May.
    A friend of myn got the Bora Force 8 in Croatia in August in a 15 meter starting in a very sunny morning flat seas morning.
    Since a yacht of 24 meters+ is meant to travel, finding high seas is not a question of service, it is that bad weather happens, and its a natural cycle of our planet.
  18. ArcanisX

    ArcanisX Senior Member

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    To OP: I've been in similar position but actually advising prospect Owners, and the correct answer seems to be: get your own goddang technical team!

    Surveyer you can trust (on 20mil+ boat that might easily be a team of more then one), a knowledgeable Capitan (yeah, there are many benefits to actually seeking for your Cap before seeking for your ship!), a finance/law team (hehe that's where we come into picture), again for 20mil+ yacht a smart Owner would consider his further yacht management setup (flag/registration, form of ownership, charter/no, etc) BEFOREHAND.

    After all that said and done, you won't need to depend on "general country concepts" for your choices :cool: Just work on per-exact-boat basics.

    In my cases the general concept of "Italian build being on average somewhat funnier then Northern" proved right, but there are certainly some quality gems among the former and some overpriced ugly ducks with not-so-well engineering among the latter.

    Those "best among Italian" tend to be a bargain, but as said, you would need effort to find one. The average Italian boat also has this sneaky, not-so-obvious point of loosing you on resale value whatever you "won" at the initial price point. For a fresh Owner who is statistically all but guaranteed to swap boats in few years this is actual issue.

    Towards the upper end of yachting industry, more and more % of the end price of the boat starts coming from interior, decorations and other subjective matters. So if you're happy with the boat but unhappy with gold plated bathrooms and plan a refit, might consider a new build where you don't have to pay for expensive things you're going to throw away.
    (Feadship has nice line of semi-customs they can deliver fairly fast, from all I heard, those are quite good boats)
  19. ESCONS

    ESCONS New Member

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    thank ArcanisX interesting point,

    I have in fact often wondered where one would draw the line between going for a new build or to buy a 1 or 2 year yacht that you like and go for a refit/refurbishment. Where do you draw the line?

    obviously leaving structural changes aside (these probably push one generally to go for a new build depending on the extent), possibly changing upholstery, certain pieces of furniture...possible changing the hull colour. i can imagine this is never an easy choice and owners would have to do a comparative study before taking a decision.

    the decision could also depend on whether the yacht is an Italian build (which might have lost a chunk of its value in the 1/2years and could be a viable option) vs a Dutch build (which might keep its value more - take Feadhsip SL39 GO vs a new SL39)
  20. PropBet

    PropBet Senior Member

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    With regards to Italian builders, and speaking from experience of owning... sexy sells. Function and reliability are second at best.

    As we used to tell customers: Fast, Reliable, Cheep.
    Pick two.