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Anyone know of any excellent turkish yachts?

Discussion in 'Sunrise Yacht' started by theyachtman, Jan 11, 2009.

  1. theyachtman

    theyachtman New Member

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    Hey Guys,

    I am keen to buy a flybridge motor yacht and wonder if anyone know of any good reliable Turkish yacht building companies. I am from the UK and will be going to the london boat show sometime this week. I really like the pearl 60' from pearl motor yachts who are a UK company but are building their yachts in Turkey. So this greatly reduces the cost. I can buy a new 2009 model for £800K for a 60'. I would prefer to get cheaper than that but from a Turkish company. Then just import it to Spain which is where my summer home is located. So you know of any builders?

    What I would really like is to get the biggest possible size for the price of £400K VAT paid excluding import fees. If not I may go up to half a million pounds max. With the cost of Turkish building I feel I can get a good deal especially with the recession now.

    Now to keep within my costs I am happy to go second hand with turkey boats.

    If anyone can please give me some recommendations

    Many thanks in advance

    theyachtman
  2. Capt J

    Capt J Senior Member

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    What do the Turks know about building yachts? From what I have seen, when buying a yacht, you get exactly what you pay for in terms of quality.
  3. OutMyWindow

    OutMyWindow Senior Member

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    your right, maybe the greatest Yacht of all...
    The Maltese Falcon
  4. NYCAP123

    NYCAP123 Senior Member

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    I ran into this from an on line site date September, 2008:
    "Dubai-based private equity firm Abraaj Capital has acquired a 50 per cent stake in Turkish luxury-yacht manufacturer Numarine, as global demand grows in the US$ 25 billion market for recreational boats. Abraaj, the largest private equity firm in the Middle East and North Africa, will partner Numarine Chief Executive Officer Omer Malaz, who founded the company in 2002."
  5. Capt J

    Capt J Senior Member

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    What yachts do they produce in his price range and size of quality?
  6. Bernard

    Bernard New Member

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    Hi everyone.

    New to the Forum.

    The secret of the Turkish yacht building is the extremely low cost of the man hour and some kind of wood. You may find very good prices for internal decoration, but must keep an eye in all other technical details.

    This is the webpage of a good shipyard in Bodrum:

    http://www.***************/

    They're able to develop any project you may bring, but if not well monitorized the result can be this

    http://www.***************/galileo.html

    Nice saloon, beautiful varnish... but look at the slack stays, sail luff too big, unique and "creative" shape of the fishermans. And this was for the cathalogue!

    Probably you will save some money, but not so much as you expect!

    Numarine is another world. Also their prices.
  7. nilo

    nilo Senior Member

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    turkish yacht building

    Turkish yacht builders have been developing their skills quite substantially during the last decade. Both the production builders, as well as custom builders have improved their quality and still able to offer good deals in terms of value.

    There has been a lot of know how injected in the industry and subcontractors have been serving even prime yards like Heesen (interiors are being subcontracted) and Perini Navi (who actually owns a yard and does most of the production here in Turkey).

    My humble suggestion would be to pay a visit to the Istanbul Boat show in February, where one can have a better access to several builders.

    By the way, as to my knowledge Numarine has been building the Pearl, but I do not have a recent update, whether this cooperation is still going on.

    Major building areas are Istanbul and Antalya.
  8. NYCAP123

    NYCAP123 Senior Member

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    I was expecting you to come in with some good local knowledge Nilo. Thank you. I heard recently that a west-european yard had opened operations there, but couldn't remember who it was. From what I've heard the labor rate there is very attractive, but the political instability has been a drawback. Another drawback has been a lack of expertise (not craftmanship though) but that is being imported.
  9. theyachtman

    theyachtman New Member

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    Many thanks for your replies guys

    Lot's of good builders here, I will take a look. But please keep posting all well known Turkish builders here. I am not really looking for custom made boats. Just what is already being built new or used. Please any recommendations please add to this thread.

    Many thanks in advance
  10. nilo

    nilo Senior Member

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    I believe you may be referring to Vitters joint venture for building motor yachts. Also recently Oyster has signed an exclusive agreement with RMK to build their 100 and 125 feet yachts. I also know a couple more who are preparing to be involved. This is due to the quality of work they can get at a far cheaper cost. Turkey being so close to the major markets is also a great advantage from a supervision perspective.

    In my opinion, the political stability is not a problem as such, but there may be some difficulties on the economical front. Turkey so far did not have the direct effect of crises in her financial institutions, because we had a similar disturbance during 2001, where all the financial institution and regulators have been upgraded; satirically by the strong imposing efforts of institutions like IMF and World Bank; which seems had no precautionary effect on the major markets. They could have at least waved red flags to the international players in the industry when Turkish economy had to shrink in 2001 by some 10% and population greatly suffering from a similar disease.

    The risk may lay with the strong Turkish currency since 2001 against major currencies, because the interest rates in Turkey were far more favorable compared with world markets, hence creating a surplus of foreign currencies against the Turkish lira and causing it to appreciate.

    Anyway, to make the long story short, this may only be in favor of a prospective buyer in Turkey, because if Turkish lira is devaluated (it is a floating currency) then prices will become cheaper. Of course then the major point to care for would be the financial stability of the builder, in case you are not buying a completed boat.

    At this stage, I did not want to mention any specific names of yards to avoid any bias and misjudgment, but would be happy to assist further if specific information about particular yards is sought.
  11. Pascal

    Pascal Senior Member

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    You got to be kidding... ever heard of Vicem?
  12. kreton

    kreton New Member

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    What does Capt J know about boats built in Turkey ?

    There you may find Perini Navi, Oyster 100&125 boatyards and Turkish brands such as Vicem, Dunya, Proteksan and Numarine. Plus there are many custom projects such as several boats designed by Tanju Kalaycioglu for F1's boss. If you needed a Gulet or a Tirhandil you could find some jaw-dropping examples too.

    As a Turk who is into yachting I would recommend you to consider Turkish brands but also to compare them with foreign ones. As suggested before, visit Istanbul Boat Shows, there were two the last time one under a different name. I would suggest you to talk to Numarine before coming here and ask for a sea trial. I know their financial partner (foreign fund) they are proper people. Other brands build larger boats and superyachts as far as I know.

    Something I would not suggest you to do is to place an order to some never heard of builder who promises a deal that is too good to be true. That dream deal would probably require you to visit Turkey every week or so and you will probably need to get involved with every detail.

    Good Luck...
  13. vivariva

    vivariva Senior Member

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    Hi,

    I have made a list of builders' names which might benefit your research. I second Nilo's opinions in regards to the current conjecture. This is a mixed list, there are mega yacht shipyards and also builders who make day cruisers in different price ranges.


    1. Yildiz Shipyard
    2. Turkuaz Proteksan
    3. RMK Shipyard (Oyster Joint Venture)
    4. Dünya Yachts
    5. Vicem Yachts
    6. Numarine
    7. Elegan Yatcilik
    8. Marintek
    9. Yonca Onuk Shipyard
    10. Orucoglu Shipyard
    11. Peri Yachts
    12. Notika
    13. Yeneryat
    14. Egeyat
    15. Samim Baki
    16. Yay Gemi
    17. Celik Yat

    Regards,
    Vivariva
  14. theyachtman

    theyachtman New Member

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    wow this is just the list I need, many thanks for that vivariva. I will be looking closely at this. Do you guys know if any of these Turkish builders will be presenting at the London boat show here in the UK?
  15. vivariva

    vivariva Senior Member

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    You're welcome. I looked on the London Boat Show website, I could not find any builders in the directory.

    Your best option would be to fly to Istanbul and attend the show here in February. There will be local builders there which are not widely known in yachting circles. However, I remember Vicem and Dunya brands attending the shows abroad. For example, Vicem was featured at the Miami and Palm Beach shows. The megas were at the last Monaco show in 2008. (Dunya,Yildiz, Orucoglu)

    I do not have personal experience with these yachts except the Oyster brand, but the ones I sailed with were not built in Turkey. At sea, I mostly see Egemar and Vicem yachts. You might even find a few owners of these brands in Yachtforums.

    Finally, there are sailboat builders (Bodrum, Antalya) that still do traditional work, but I did not include those since you are interested in motor-yachts. If you prefer to fly here for the show, I'll be happy to assist you.

    Cheers,
    VR
    Last edited: Jan 13, 2009
  16. T.K.

    T.K. Senior Member

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    I would also suggest you contact Ed Fry, he is a consultant and naval architect ........http://frycoyachts.com/index.html
    His company has built many yachts in Turkey, the latest is a 34.5 meter sportfisher "MY Seya" which belongs to someone I know. I have seen a few of his yachts and they are well built.
    The shipyard where he built "Seya" is Logos Marine.......http://www.logosmarine.com/pg004.html

    Good luck..........
  17. ayachtguy

    ayachtguy Senior Member

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    A new yard, too

    Be sure to check out Sunrise Yachts...it's a new yard with an incredibly impressive facility and an interesting construction process. They build in steel and use sub-contractors that work from offices and shops on their property, while retaining management of the entire process. Several new yachts in the works, including a line by Espen Oeino.
  18. composite

    composite New Member

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    I've just come back from the London Boat Show and there isn't much there (apart from the big boys Sunseeker, Princess etc.).

    Sign of the times....
  19. theyachtman

    theyachtman New Member

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    Thanks but these builders are way out of my price range

    Thanks for the heads up

    The problem with all the boats manufacturers you guys have posted. Is the fact that a lot of them are companies that are based in countries outside of Turkey but just build their yachts in Turkey. This is not the case with numarine, perini navi and some of the others. Like these latter builders I prefer to have them based in Turkey as it's far cheaper than say the other companies that are based in say America, Italy, Spain but using builders in Turkey. As these companies use Turkish builders to cut cost while at the same time making a large profit on their boats they sell. I know that the cost would be largely reduced if their company is in Turkey and their boats built in Turkey. Unfortunately the boats builder you have all posted share the same problem. Either the boat is way out of my price range or as standard they do not have the same luxury interiors as some that I am comparing to.

    A boat that I may buy is the 50ft Pearl motor yacht which is £500,000 new. It has 3 bedrooms, 2 bathrooms. And as it's a UK company but building in Turkey it comes with standard features that on any other boat would be £200,000 in extras. They have a 60ft which is 4 bedrooms three bathrooms which costs £800,000 I would like to buy either of these boats if I can get them cheaper second hand max 3 years old. I like the luxury features that these boats have and I know that they will be at the London boat show so I am going to have a good look at them.

    If you guys know of any Turkish companies which build them in Turkey that are cheaper and can compete on the same level of luxury than the pearl yachts I have posted then please if you can post some links to the builders sites. Many thanks in advance and here is pearls website with a direct link to the flybridges that I am most interested in.

    http://www.pearlmotoryachts.com/pearl_50_yacht.htm
  20. NYCAP123

    NYCAP123 Senior Member

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    1st, boats have stateroom or cabins, heads and galleys; not bedrooms, bathrooms and kitchens. That's not said to mock you, but that using the right terminology will help put you on better footing as you negotiate. The old paddle-wheelers plying the Mississippi River named each cabin after a state in the union (U.S.) hence the name. Sailors used to hang from the rigging at the bowsprit (or head of the boat) when they did their business.
    As to finding boats made entirely in Turkey by companies located in Turkey with management from Turkey go back to the perception demonstrated earlier by Capt J. Currently what Turkey brings to the table is cheap labor and quality craftsmanship. They don't really have the corporate structures, technological expertise or reputations in the business (gross generalization). As pointed out in subsequent posts that is rapidly changing, but what you don't have in house you have to import. From what I've read the number of Turkish based yacht builders is growing, not shrinking so the future looks very bright.
    BTW, when you talk about a 50 footer with 3 staterooms that 3rd will be extremely small. Unless you have small children it's ofter preferable to go with a 2 stateroom.
    Oh, about not being able to afford the boat you'd like...welcome to the world of boating. You're thinking about buying a depreciating asset that will probably be way smaller than your home and cost a small fortune to maintain. I get such a kick when I see guys who wouldn't wipe off a counter at home polishing every inch of their boats. Don't expect to make any sense out of it. Set your budget, then double it and enjoy.