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Opinion
A year ago, we featured the groundbreaking 88-meter The Maltese Falcon on our cover—the be-all and end-all of innovation and design in a mega-sailing yacht.


Underway: Success Appeal

A year ago, we featured the groundbreaking 88-meter The Maltese Falcon on our cover—the be-all and end-all of innovation and design in a mega-sailing yacht. She was unquestionably the "it" yacht of the year. Now on our cover, you see the 82-meter Alfa Nero, previously known as Y702, the build name during her construction at Oceanco. In seven consecutive installments called "On the Horizon," we tracked significant stages of the yacht’s design and build process. Working with Eel Kant, managing director at Oceanco, and design firm Nuvolari-Lenard, contributing editor Bill Ando followed the conceptual thinking that determined the fully realized yacht you see in the pages of this issue.


Photograph by Pamela Jones. (Click image to enlarge)


In many ways, Alfa Nero is this year’s The Maltese Falcon. She is beautiful, but not bulky, with a sleek profile and stunning accommodations. Artwork abounds, not only on her walls and in the stunning execution of her interior features, but also in the design of her exterior, with its sculptural overhangs and intricate stainless steel railings. Even her extraordinary engine room would not seem out of place in New York’s avant-garde Chelsea gallery district.

The wow factor of this yacht is immediate. She has a swimming pool with a horizon waterfall-cum-helicopter pad on her expansive main aft deck, as opposed to the sun deck where most helipads are positioned. The visual artistry the yacht exhibits, especially at night, is pure magic. At the Monaco Yacht Show in September, her owner confided in me that he was offered a staggering amount of money for the yacht, in excess of what has been published regarding the costs of building The Maltese Falcon. But he told me, with a twinkle in his eye, he couldn’t possibly consider the offer now. For starters, he had just taken delivery and wanted to savor his creation. For another thing, he said, his wife would kill him. She hardly had time to enjoy the boat before the show, and she was determined that the family be able to spend time together aboard. From inception to launch, this yacht is a resounding success.

Owning an 82-meter yacht is not as uncommon as it used to be. Oceanco has four more yachts under construction right now, three of which are in excess of 85 meters. The demand for 80-meter-plus yachts is stronger now than ever in history, as witnessed by our 17th annual Global Order Book, in which we track the number of yachts 80 feet and up being built around the world.

Eighty-footers, once considered large yachts, are a shade on the small side these days. For the sake of consistency, we have maintained that starting length because we have used that number for the last decade as our launch pad. Writer and researcher Louisa Beckett and our team of editors have done a formidable job of canvassing the world for information to make this account as universal and up-to-date as possible. This is no small order. As we’ve done for the past 16 years, we solicit every yachtbuilder in the world for their current build orders in our quest to track trends and bring to you a snapshot of the yachting industry. One trend we’ve flagged this year is that an increasing number of custom builders are bound by confidentiality orders from their owners. This made it more difficult to collect the data and often caused us to resort to secondary sources for the information, but we’ve not been deterred.

The fundamental issues are irrefutable. The number of yachts on order has increased. In last year’s Global Order Book, we registered 777 new yachts in build. As of September 1, 2007, we show 916—a nearly 18 percent increase. The average size of yachts on order continues its march to ever-greater heights as well. This year’s Order Book reports an average new-build size of nearly 124 feet, a more than two-foot increase from last year.

Suffice to say, the large-yacht industry is healthier than ever. But quantitative measures don’t tell the whole story. When innovative, new designs such as Alfa Nero and The Maltese Falcon appear on the scene, we’re left believing the industry is headed in exciting new directions that bode even better for its continued growth.

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