discover Yves de Contades
Pen d en n i s Superyachts Sh i p ya rd
A he Rise I fit nd T n Re
T
he UK has seen the sixth consecutive year of growth in revenue for the superyacht industry. The fall in the pound has helped, though a third of superyacht owners are actually based in the UK, the exchange rate means there is much more bang for your buck. Whilst there has been a rise in new build this year, the biggest
growth has been in refit. The trend for restoring luxury items that people become emotionally connected to seems to have migrated into the superyacht industry. Owners are now looking at rebuilding, refitting or restoring their superyachts rather than trading up and this has the advantage of retaining the memories formed travelling across the seas, in these luxury floating palaces.
Pendennis Shipyard was started in 1988 by the well known yachting businessman Peter de Savary and has bucked the trend affecting most British shipyards by both succeeding financially and expanding their facilities dramatically in 2015, adding an enclosed 7,564 m² non tidal wet basin, part of a £22 million investment in the premises. They are the British leaders in bespoke superyacht refit and custom build, with the ability to undertake sail and motor yacht projects on boats up to
50
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100 metres. In fact their accolades are impressive, winning best refit at the Boat International World Superyacht Awards and best refit at the International Superyacht Society Awards in 2017.
I met with Mike Carr, joint managing director, a naval architect who joined Pendennis in 1989. His knowledge of the superyacht industry is encyclopaedic and he is very proud of their track record for completing very complex projects and their
award-winning apprenticeship scheme, which celebrates its 20th anniversary this year.
Since 1998 they have trained over 220 apprentices and boast a 90% retention rate following graduation.
The tour of the shipyard was fascinating, moving from one enormous hangar to another, housing some of the most incredible
sailing and motor yachts
ever built. It’s one thing to see these ships in the water, but quite another to walk around them suspended in the air, admiring the entire hull and exquisite lines. Each hangar is a clean room, with its own air filter to ensure that any painting or varnishing is immaculate and dust free. A feat in itself when you think of all the carpentry, fibreglass and sanding that is required, all performed manually by skilled artisans. They even paint every yacht by hand, this is bespoke craftsmanship on a monumental scale.
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