Market News

US-headquartered Outer Reef Yachts has launched the first unit in its 23.9-metre Adventure 780 series. A robust steel hull and "sound-reducing construction" characterise the explorer yacht, which touched the water for the first time at the yard's facility in Holland, the Netherlands.

The first yacht from fledgling builder Procat Yachts has been launched, known as the Procat 85. The first in a new range of seaworthy and "eco-friendly" vessels, the 26-metre model has an impressive volume of 325GT – a ratio that the Turkish yard calls a "world-first" in the catamaran class.

Italian yard AB Yachts has announced the delivery of the first unit in its AB 130 series, named Effe.

The fourth unit in the Mangusta Oceano 39 series has made a splash in Viareggio, Italy. The three-deck superyacht was sold to an American owner who has developed the project "shoulder to shoulder" with the yard's design team.

The dates for the 2026 edition of the New Zealand Millennium Cup have been announced, with the competing fleet set to return to Auckland from 31 January to 3 February.