Superyacht builder Oceanco to double it’s capacity
Since 1987, the superyacht manufacturer Oceanco has been delivering some of the most stunning yachts to have ever been built. Many have smooth and futuristic lines which, along with their state-of-the-art approach, makes them known for some truely impressive yachts. One of their signature features is a very large infinity swimming pool on the aft cockpit deck that goes through the transom. They have a long list of notable owners from around the world including Steven Spielberg who built “7 Seas,” a 282′ Oceanco yacht.
Their success is evident as they have recently announced that they plan to double their yard capacity which is currently available to accommodate the simultaneous builds of five yachts in the 80 meter plus category in various stages of the build process. “We are currently expanding the ship yard in order to double our construction capacity,” Dr. Al Barwani, who acquired the facility in March 2010, said. “Our business in the Netherlands is extremely successful. In the past year we sold about five super-yachts. The total value of these super-yachts would be about 750 -800 million euros. Currently we have investment of 80-100 million euros, of which we essentially paid around 85 million euros when we bought the company. We then (added) working capital of 20 to 30 million euros. Our future expansion is another 80 million euros. Our total investment, when it all (adds up), would be around 200 million euros.” This shows that Oceanco intends to continue to build innovative and revolutionary “large” yachts for years to come.
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