Yachting Developments is an Internationally Renowned, Award Winning Luxury Yacht Manufacturer and has been a central part of the New Zealand Marine Industry for the past 23 years.
37m luxury charter yacht BLISS built by Yachting Developments
Since 2008 the company has worked to stay in front of the Global Financial Crisis and its effect on New Zealand’s primary manufacturing sector. This has not been without its challenges. The company has diversified outside of the marine industry, streamlined production and sought new markets.
In the 4th quarter of 2012 Yachting Developments secured contracts to build two large state of the art sailing yachts for export.
The first was a 120ft (36m) Superyacht to be built by Yachting Developments in New Zealand for an international business consortium. With construction due to start, the clients funding fell through and this project has been subsequently cancelled.
The second vessel, a 115ft (34m) performance sailing yacht to be built in New Zealand for an international yachtsman has also been put on hold due to circumstances outside of Yachting Developments control. Today Yachting Developments has had to inform its staff this contract has not been able to be concluded.
Yachting Developments is financially stable and will continue to complete work on its present yacht projects, however given the unexpected reduction in immediate work flow the company will be forced to consolidate its operation, possibly reducing staff levels until new work is found.
