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Conversion

Projects

8 August 2018

Last revised

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2

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While the refitting of an older yacht may appeal to some owners, others may prefer to go a stage further and upcycle a naval or other working vessel. These often have an attractive aesthetic born of practical necessity - which can be transformed into uniquely beautiful yachts, inherently well suited to cruising in unusual locations.

minutes

2

Reading time

8 August 2018

Last revised

While the refitting of an older yacht may appeal to some owners, others may prefer to go a stage further and upcycle a naval or other working vessel. These often have an attractive aesthetic born of practical necessity - which can be transformed into uniquely beautiful yachts, inherently well suited to cruising in unusual locations.

  • Some commercial and surplus military vessels can be purchased at a fraction of the price of large yachts, creating interesting opportunities.

  • Buying directly from the seller or their appointed broker is preferable to using an intermediary, which can lead to increased costs and communication issues.

  • Refit and repair yards, rather than builders, are more likely to undertake conversion projects, providing more choice and negotiation power for owners.

  • Conversion projects involve combining new and old designs into a single vessel, requiring integration and compliance with evolving regulations.

  • Interfaces between old and new elements can present challenges during and after the conversion process.

  • Structural changes can affect the distribution of pressures and forces, potentially compromising previously sound parts of the vessel.

  • There is a risk of unexpected costs and lost commercial opportunities during conversions, leading to compensation payments from the yard.

  • Yacht conversions require a measured approach to ensure high-quality fit and finish.

  • Legal and practical issues specific to conversion projects should be addressed before entering into an agreement with the yard.

  • Converting ships to yachts is a niche business, and experienced project management is crucial to ensure high standards and attention to detail.

  • Structural changes can affect the distribution of pressures and forces, potentially compromising previously sound parts of the vessel.

  • There is a risk of unexpected costs and lost commercial opportunities during conversions, leading to compensation payments from the yard.

  • Yacht conversions require a measured approach to ensure high-quality fit and finish.

  • Legal and practical issues specific to conversion projects should be addressed before entering into an agreement with the yard.

  • Converting ships to yachts is a niche business, and experienced project management is crucial to ensure high standards and attention to detail.