Numarine shows strong performance

Only the most efficiently managed businesses are accepted into this program, which requires rigorous vetting by independent auditors. “We’ve delivered over 170 yachts to date, so we now have a very credible pedigree with a niche product,” says Malaz.

Exports account for approximately 70 percent of Numarine sales, says Malaz, with 20 percent sold into Turkey, 35 percent into the US, 25 percent into other European countries, and the remaining 10 percent heading into rest-of-world territories.

Numarine’s success signifies a return to yachtbuilding prowess which continues to nip at the heels of the established builders in Northern and Western Europe – indeed, the State of Yachting 2022 report from SuperyachtTimes ranked Turkey’s shipyards third in the world for output with 70 new builds over 24 metres under construction in 2022. The nation also overtook the Netherlands in terms of most yachts built between 30 metres and 40 metres.

Numarine has acquired land to expand its production with a new waterside facility, where it will build its new flagship, the steel and aluminum tri-decker 45XP expected to enter serial production. Having delivered an average of eight boats a year for the past two decades, today Numarine is delivering a dozen yachts per annum and soon the tally will be nearer 15 once its new waterside facility is fully up and running.

“We are about to deliver our eighth 37XP with another five in production and, down the line, we hope to have six 45s in production,” says Malaz.

“I don’t think there is anything that a 60-metre or 70-metre yacht can do that a 45-metre cannot. That is why we’re staying under 50 metres for the foreseeable future.”

Despite the imminent expansion, Numarine fully intends to keep construction in-house to ensure consistent quality and optimum flexibility. In addition to the hull and superstructure production using the latest in vacuum infusion technology and composite materials such as kevlar and carbon fibre, Numarine has glass, cabinetry, upholstery and metal workshops.

Moreover, it is prepared to start hulls on speculation to shorten delivery times and maintain efficient production flow. Given the reputation for self-sufficiency the company trades on, its explorer specifications tend to be higher than more mainstream yachts, which means add-on costs are relatively low, rarely adding more than around 10% (excluding engine choices) to the final price.

Post-Covid, the supply chain is still an ongoing concern for all shipbuilders, but Numarine has been able to mitigate the effects by ordering critical components in advance. “We have gone so far as to order engines for yachts scheduled for delivery in 2025,” Malaz says.

Sustainability is another key issue that will only become more important in the coming years as prospective owners increasingly expect more sustainable building practices and greener onboard technologies. “If we do not address the problem, we become part of it,” Malaz states. “We are trying to be a leader in sustainability, not a follower.”

In fact, Numarine has expanded its product range with an innovative new model, the diesel-hybrid 30XP, the first for the company with hybrid propulsion, which is scheduled to launch in 2024.

numarine.com