Where Are Princess Yachts Made?

Princess Yachts, founded in 1965 as Marine Projects (Plymouth) Ltd, is a leading British luxury yacht manufacturer with a rich history. The company was bought by South African businessman Graham J. Beck in 1981 and later transformed into Princess Yachts International PLC in 2001. In June 2008, Beck sold a 75% stake in the business to French businessman Bernard Arnault’s investment group, L Capital 2 FCPR.

Founded in Plymouth, England, Princess Yachts has built and shipped tens of thousands of craft across the globe, from the yacht that started it all, Project 31, to the new X Class super-flybridge yachts. The company is extremely proud of its Plymouth heritage, with their logo featuring the words “Crafted in Plymouth.” 80-85% of everything on a Princess Yacht is made in-house by the company’s Plymouth shipyards.

Located on the edge of the English Channel, Plymouth, the company began its journey in 1965 in a rented shed opposite the current Newport Street site. Today, Princess Yachts covers an area of over 1.1 million square feet, an area rich in British maritime heritage. In 1995, Viking Sport Cruisers was founded with the exclusive relationship between Princess Yachts Limited of Plymouth, England.

The company’s Plymouth shipyard has one of the most advanced building infrastructures in the world, enabling the construction of motor yachts. From its beginnings in 1965, Princess Yachts has produced over 17,000 motor yachts worldwide.

Where are most yachts manufactured?

NETHERLANDS. Yacht building in the Netherlands is renowned worldwide for its craftsmanship, innovation, and dedication to quality. The country has a rich maritime heritage, and Dutch shipyards have been involved in boat and yacht construction for centuries. The Dutch are known for their engineering expertise, attention to detail, and a commitment to delivering top-notch vessels that are both functional and luxurious.

• Feadship: Feadship is one of the most prestigious and well-known luxury yacht builders in the world. They produce custom superyachts known for their craftsmanship, innovation, and attention to detail. Feadship | Royal Dutch Shipyards
• Heesen Yachts: Heesen Yachts is a Dutch shipyard that specializes in building luxury motor yachts and superyachts, known for their cutting-edge design and high-speed capabilities. Heesen Yachts – Building refined luxurious superyachts
• Amels: Amels is a renowned Dutch brand that builds luxury superyachts and expedition yachts, known for their quality and customization options. amelsyachting.com/
• Moonen Yachts: Moonen Yachts is a Dutch brand that focuses on building semi-custom and custom luxury motor yachts, with an emphasis on craftsmanship and elegance. Home | Moonen Yachts
• Mulder Yachts: Mulder Yachts is a Dutch shipyard that manufactures custom and semi-custom luxury motor yachts, known for their quality construction and design. Mulder Shipyard | Dutch Yachtbuilders since 1938 from 15 to 45 meters
• Royal Huisman: Royal Huisman is a prestigious Dutch shipyard that specializes in custom sailing yachts, renowned for their craftsmanship and innovative solutions. Royal Huisman – The Spirit Of Individuality
• Van der Valk Shipyard: Van der Valk Shipyard is a Dutch brand that builds luxury motor yachts, including flybridge yachts and explorer yachts, known for their design and performance. Van der Valk Shipyard | Luxury Yachts | Your World // Your Yacht
• Vitters Shipyard: Vitters Shipyard is a Dutch brand that specializes in building custom sailing yachts and superyachts, known for their high-performance capabilities. vitters.com/
• Oceanco: Oceanco is a Dutch shipyard that produces custom luxury superyachts, known for their size, opulence, and engineering excellence. oceancoyacht.com/
• Vanquish: Vanquish have quickly established a reputation as being the premier day-boat of choice for the well healed. Exceptional quality and impeccable design are the hallmarks of Vanquish. vanquish-yachts.com/
• Wajer: For three decades, the Wajer name has been synonymous with the best boats money can buy. In 1992, Dorus Wajer started building his own launches on the lakes near Amsterdam. The Captain’s Launch, famous for her quality, craftsmanship and iconic lines, embodies the Wajer spirit to this day. wajer.com/
• Icon: For more than a decade since ICON Yachts was founded, we ware proud of the position and reputation we have achieved within the industry. ICON Yachts was one of the world’s first yards to be awarded ISO 9001 for quality management in yacht construction, a manifestation of our goals. In 2021 we embarked upon a new challenge, and in recognition of our ambitions, we achieved certification to ISO 14001 for meeting environmental standards, another first in the Netherlands. iconyachts.eu/

USA. Boat building in the USA has a long and storied history, reflecting the nation’s strong maritime traditions and diverse boating culture. The United States is home to numerous boat manufacturers and shipyards that produce a wide range of vessels, catering to various boating preferences and lifestyles.

Where is Princess Yachts made?

Plymouth crafted in Plymouth Perched on the edge of the English Channel lies the city of Plymouth, where we established our home in 1965. Today Princess shipyards cover an area of over 1.1 million square feet, an area rich in British maritime heritage.

Discover more about the team responsible for all areas of yacht design, styling and finish across the Princess range.

The Princess Design Studio is our in-house team responsible for all areas of yacht design, styling and finish across the Princess range. Working with our naval architects to produce the most visually progressive and luxurious yachts in the world, the Princess Design Studio is setting a new standard for powerful, practical and wonderfully memorable design.

The Design Studio is comprised of 14 in-house teams including CAD (Computer Aided Design) and engineering departments as well as our customer facing consultants who are available to bring to life creative and diverse interior design schemes to meet the customer’s personal tastes.

How many boats do Princess Yachts make a year?

From their beginnings in 1965, over 17,000 Princess Yachts have been manufactured. Now, they build an amazing average of 270 yachts a year. This means that every few days another yacht is completed which is incredible! Over 21 miles of cable go into a 40 M yacht.

Did you know?. From their beginnings in 1965, over 17,000 Princess Yachts have been manufactured. Now, they build an amazing average of 270 yachts a year. This means that every few days another yacht is completed which is incredible!

Over 21 miles of cable go into a 40 M yacht. If you laid the cable along the road, it would take you all the way from Plymouth to Totnes.

In the furniture factory, the team processes 500 sheets of wood a day. The sheets of walnut or oak are produced in Holland and the trees they are taken from are hand-chosen for Princess.

Who bought Princess Yachts?

Britain’s largest luxury yacht builder has been bought by a US-based private equity firm …

Plymouth-based Princess Yachts, the UK’s largest luxury boatbuilder, has been sold to KPS Capital Partners, a US-based private equity firm. L Catterton, the previous private equity owner, put Princess up for sale in 2022 and reportedly hired bankers at Macquarie to find a buyer. In February 2023, Princess confirmed that KPS had entered into a definitive agreement to acquire a controlling equity interest in the business.

KPS is a New York-based private equity giant with approximately $14.4 billion of capital under management, as of September 2022. It makes controlling equity investments in manufacturing companies in North America and Europe. In 2019, KPS acquired the fitness equipment business of Brunswick Corporation, including the Life Fitness brand, for $490 million in cash.

Why are yachts built in Netherlands?

Part of the reason for the dominance of Dutch yacht builders in the superyacht industry stems from Holland’s prestigious history of boat building, which stretches back centuries and was perfectly poised to make the shift to constructing luxury yachts during the 20th century. The word ‘yacht’ originally comes from the Dutch word ‘jacht’, meaning hunt.

Some of the towering names of the yachting world have emerged from Holland, with the great heritage yards Amels, Hakvoort, Royal Huisman, De Vries and Royal Van Lent more recently joined by other outstanding Dutch yacht builders such as Heesen, Vitters, and Oceanco.

Dutch shipyards are heralded not only for their world-class build quality, high tech yards, and innovation, but are also renowned for reliability in finishing projects on time and on budget. With Dutch shipyards producing many fully-custom ‘one-off’ yachts, many of the yachts launched from Holland’s shipyards are extremely iconic and often win international awards.

Are Princess Yachts made by Vikings?

Thank you for your interest in Princess yachts. In 1995, the exclusive relationship between Viking and Princess Yachts International of Plymouth, England was formed in the interest of introducing a new class of luxury performance cruising yachts to the American market. As the sole distributor for Princess in the United States, Canada, Mexico, Central America, and the Caribbean, each Princess yacht delivered by Viking Sport Cruisers represents over fifteen years of a tireless collaborative effort to bring European elegance and craftsmanship together with American support and supervision for the ultimate performance cruising yacht experience.

Today, the relationship between Viking Sport Cruisers and Princess Yachts International and the spirit of cooperation and mutual respect that make it work remains as strong as ever. We are proud of the fact that every Princess yacht we deliver meets the demanding criteria required for United States National Marine Manufacturers Association (NMMA) yacht certification. To achieve NMMA certification, each yacht undergoes a stringent inspection of some of the most critical on board systems, such as electrical, fuel, mechanical, and safety systems. Each model must also comply with the United States Coast Guard’s Office of Boating Safety regulations and meet construction standards set forth by the American Boat and Yacht Council (ABYC). While many European yachts are built to meet various European standards, this does not equate to compliance with the critical requirements established by the NMMA for yachts built for use in the United States.

At Viking Sport Cruisers, our focus each day remains firmly founded in our commitment to our customers and the quality of the ownership experience with their Princess. This distinctive philosophy that drives our company and the dedication our outstanding employees have to delivering a quality product have, without a doubt, been the key to our success. As a result, we have experienced consistently high levels of repeat business with customer loyalty built on a solid foundation of mutual trust and understanding. Our aim is to maintain this relationship with each and every customer and further our understanding of their needs to continue to raise the standard of service in every aspect of our business in the future.

Is Princess Yachts being put up for sale?

Plymouth-based Princess Yachts, the UK’s largest luxury boatbuilder, has been sold to KPS Capital Partners, a US-based private equity firm. L Catterton, the previous private equity owner, put Princess up for sale in 2022 and reportedly hired bankers at Macquarie to find a buyer. In February 2023, Princess confirmed that KPS had entered into a definitive agreement to acquire a controlling equity interest in the business.

KPS is a New York-based private equity giant with approximately $14.4 billion of capital under management, as of September 2022. It makes controlling equity investments in manufacturing companies in North America and Europe. In 2019, KPS acquired the fitness equipment business of Brunswick Corporation, including the Life Fitness brand, for $490 million in cash.

Existing shareholders will retain ownership in Princess, with the transaction expected to be completed in the first quarter of 2023. Princess had previously announced expansion plans in the South West region of the UK, as part of the successful bid by Plymouth city council to create a freeport. The company believes that the new investment from KPS will help support these plans and reinforce the unique national and international marine capabilities that reside in Plymouth and the wider region.

Where are Princess Yachts manufactured?

Plymouth crafted in Plymouth Perched on the edge of the English Channel lies the city of Plymouth, where we established our home in 1965. Today Princess shipyards cover an area of over 1.1 million square feet, an area rich in British maritime heritage.

Discover more about the team responsible for all areas of yacht design, styling and finish across the Princess range.

The Princess Design Studio is our in-house team responsible for all areas of yacht design, styling and finish across the Princess range. Working with our naval architects to produce the most visually progressive and luxurious yachts in the world, the Princess Design Studio is setting a new standard for powerful, practical and wonderfully memorable design.

The Design Studio is comprised of 14 in-house teams including CAD (Computer Aided Design) and engineering departments as well as our customer facing consultants who are available to bring to life creative and diverse interior design schemes to meet the customer’s personal tastes.

What are the financial problems with Princess Yachts?

Princess Yachts reported a slight increase in its annual turnover, climbing from £308m in 2021 to £315m in 2022. However, a surge in operating costs during this period led to Princess Yachts experiencing an EBITDA decline, moving from a loss of £200,000 in 2021 to a loss of £25.7m by the end of 2022.

This was mainly due to supply chain challenges, with some partially built boats having to be temporarily taken out of construction. This resulted in increased financial working capital requirements and delays in project completion, all while incurring substantial retrofitting costs.

The most affected components included large items such as engines, generators, electrical panels, and air conditioning equipment, which often arrived months behind schedule.

The financial impact of this has been somewhat mitigated as the company secured additional capital to enhance its production efficiency and expand its capacity. Following its acquisition by KPS Partners earlierthis year, there has been a cash injection of £53.7m into the group to support working capital and future growth.

Which country builds the best yachts?

NORTHERN EUROPE. The Northern European countries are especially known for building fully custom and semi-custom motor and sailing yachts. The Netherlands and Germany top the yachting industry for delivering yachts over 50m with large volume and a high value. German builders Lürssen, Abeking & Rasmussen and Nobiskrug deliver full-custom yacht projects, while Dutch builders like Amels/Damen Yachting, Heesen and Moonen build high-end semi-custom yachts based on model platforms. In the full custom category, Feadship, Oceanco and Royal Hakvoort specialize in the construction of full-custom motor yachts, while Royal Huisman delivers made-to-measure sailing yachts. Both custom and semi-custom yachts built in Northern Europe tend to keep a far higher resale value on the brokerage market. Thanks to their high-quality finish and extreme levels of customization, it’s fair to say that these yachts are akin to floating works of art.

Among Northern Europe’s production series yards, Sunseeker, Princess Yachts and Pearl Yachts offer motor yachts between 17m and 40m. These directly compete with Southern European yacht builders. Among the Mediterranean countries, Italy and Turkey are the two main producers for semi-custom and production series yachts up to 50m. Most Italian-built yachts are made from GRP and often form part of a branded series for yards, examples of which are Sanlorenzo, Custom Line, Ferretti, Benetti, Arcadia Yacht, Maiora, Falcon Yachts and Amer Yachts.

ITALY. When it comes to speed, Italian builders, such as AB Yachts, Tecnomar, Azimut, Mangusta, Leopard Yachts, Riva and Pershing, excel in planing and open vessels. But over the past decade, a flurry of new yacht builders has entered the market delivering lager yachts and more customizable options that rival heritage builders like Baglietto, Codecasa and ISA Yachts. Perini Navi remains one of the most exclusive sailing yacht builders offering performance and style, but when it comes to innovative design solutions, Columbus Yachts, Tankoa, Cantiere delle Marche and the revival of Admiral brought have risen through the pack.

Who makes best quality yachts?

What are the 10 best brands of yachts?Lürssen. … Feadship. … Oceanco. … Amels. … Heesen. … Royal Huisman. … Nobiskrug. … Benetti Yachts.

There are so many shipyards to choose from that used and new yacht buyers alike often find themselves wondering which ones they should favour. What are the best brands of yachts out there? Do some win hands down, or is it really a matter of personal preference?We showcase ten of the best shipyards in the industry today.

Buying a yacht isn’t a simple case of choosing a colour, a size, or a list of amenities. Every shipyard is unique in its own right and, however stunning their vessels may be, finding the perfect fit often boils down to your exact needs, preferences, and budget. Fort Lauderdale International Boat Show (FLIBS) or Monaco Yacht Show (MYS) are good showcases of the latest offerings from the shipyards. If you’re looking to buy a yacht,touring yachts at these shows accompanied by a Fraser Broker offer an insight into the latest innovations.Below,in no particular order, we profile a list of some of the best brands of yachts to consider.

Lürssen. Building some of the largest and most innovative German yachts in the world,Lürssencreates extraordinary vessels from 50m/164′ to 180m/590′ in length and has on its fleet some of the most respected yachts on the water today. With more yachts among the world’s top 20 largest yachts than any other shipyard, Lürssen’s portfolio includes 180.6M/592’ AZZAM, 160M/524’ BLUE, 156M/512’ DILBAR, 155M/508’ AL SAID and 147M/483’ A+ (ex TOPAZ).

Does Louis Vuitton own Princess Yachts?

The Princess brand now stands for the best of the best in luxury motor yachts. As a member of the Moët Hennessy Louis Vuitton (LVMH) family, Princess has become a distinctive brand that is known worldwide.