February 1, 2020

blogger - Regulation Storm Ahead

There is a huge storm ahead for super yachts with load line length above 24 meters, with the International Maritime Organization’s Tier III NOx regulation, which is scheduled to take effect on January 1, 2021, requiring the installation of heavy, bulky and potentially dangerous Selective Catalytic Reduction systems in the engine rooms of yachts.
What is interesting that so far Viking seems to be the only yacht builder concerned about this, as they have been opposing and trying ways to solve this new regulation.  Viking 92 Convertible and 93 Motor Yacht models will be the models affected with this regulation in the New Jersey yacht builder portfolio.  The first has sold twenty units in a production run of about five years and a price tag of plus ten million US$.  
What remains strange is that other production super yacht builders as Azimut-Benetti, Ferretti Group, Sanlorenzo, Sunseeker, and Princess who have models in this size, do not seem concerned or anything at all.  
This new systems will increase the price of any new yacht in these sizes, add weight, operating costs, and hinder serviceability in the engine room, and also reduce space in the accommodation area.  2021 is less then a year ahead so action really needs to be taken, and in this case I suggest boat builders unite to solve this very delicate issue.

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