|Then & Now: 1993-2003|
Part 2: John Bannenberg, $9,500 per minute, and more
By Elizabeth A. Ginns and Capt. Patrick Sciacca — August 2003
Give it up for the letter M, which was the most popular first letter for megayacht names on our 1993 list. Thirteen yachts in the top 100 had names starting with the tasty-sounding letter. M also happens to be the 13th letter in the alphabet. Coincidence? Today L and S lead the megayacht name game with 14 yachts apiece. M falls way back with only six, while J, Q, X, and Y come up with big goose eggs.
In 1993 the highest an American placed on our list was number 10, the 247-foot Jezebel. This year an American citizen owns the world’s largest yacht, and there are three U.S.-owned yachts in the top ten, nine in the top 50, and 28 in the top 100.
The names of two naval architects popped up frequently on our 1993 list: the late Jon Bannenberg (11 times) and H.W. de Voogt & Zoon (a whopping 19 times). Individually and together (they collaborated on a couple of yachts), the pair accounted for nearly 19 percent of the listings. This year the two top names remain the same, with Bannenberg appearing ten times and de Voogt appearing 14 times.
Ninety-one percent of the megayachts on 1993’s list were constructed of steel. Exceptions included Southern Cross, Evviva, and Asean Lady, all of which were built of fiberglass. Oceanfast, Mystique, Izanami, Defiance, and Chamar sported aluminum hulls. Madiz was the only yacht on the list built of iron. This year 94 percent of the listed vessels have steel hulls. Aussie Rules, Frequency, Ronin, Sagitta, and Chamar are exceptions; they all have aluminum hulls. There are no fiberglass yachts on this year’s list.
Back in 1993 the second-largest state-owned yacht was Queen Elizabeth’s 412'3" Britannia. That was the same year the queen faced having to pay income tax like everyone else, and the vessel was scheduled for decommissioning. Little wonder, really, since operating Britannia cost $575,000 per hour; that’s more than $9,500 per minute and $224,000 more than the average annual income of a typical PMY reader.
This year the title of “Yacht With the Weirdest Extra” goes to Asean Lady. She has earned this highly sought-after title for her 138-foot outrigger hull.
In August 1993 PMY introduced readers to an Italian boatbuilder new to the U.S. market. Ferretti Craft was offering a 48-foot high-performance cruiser. Today the Ferretti Group encompasses eight separate boat lines, including Ferretti, Apreamare, Pershing, Custom Line, CRN, Riva, Bertram, and Mochi Craft. This year CRN places two yachts in our top 100: New Sunrise (61) and Il Vagabondo Again (62).
This article originally appeared in the July 2003 issue of Power & Motoryacht magazine.