yacht prices small

Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For  sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

• Cushioned seats
• Underwater lights
• Flybridge fiberglass hard-top
• Recent engine and service
• Joystick control
• Cockpit shade with poles, freezer, and step-up box
• Custom chairs
• Coach roof overhang to provide shade
• home theater setup
• Freshwater wash area
• Cockpit freezer and drink box
• Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

• 42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
• 45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
• 41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are  normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000. 

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

• 51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
• 52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s  step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

• 64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
• 60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

• 75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
• 74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities. 

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great  examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

• 98′ 5″ AB 100 Price: $8,843,260 for 2018
• 161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

• swimming pools,
• water toys,
• diving and fishing poles,
• fully furnished rooms,
• helicopter landing pads,
• and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet.  If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

• What does your perfect day on the water look like?
• How long will your average day on the water be?
• Will it be more boating/watercraft focused or long cruise focused?
• Will you use the yacht for fishing?
• Will you be on the yacht every day of the week or just on weekends?
• How many people do you hope to fit on the yacht?
• Do you plan to stay on the yacht overnight?
• Where will you dock the yacht?
• How much boating experience do you have?
• How fast do you want the yacht to go?
• How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew. 

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a  yacht broker who can help you find your best fit , model, year, and the price is given your personal budget. 

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

• The size of the yacht
• The age of the yacht
• The brand and  type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

• Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
• Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
• Flybridge yachts

An express yacht is often referred to interchangeably as an  express cruiser  or  sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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Cost of Buying & Owning a Small Yacht (Detailed Breakdown)

While some people may prioritize a slower, more eco-friendly, and more hands-on experience that they get from a sailing yacht, others may prefer a faster, more luxurious, but less hands-on experience from operating a motor yacht. However, the tiebreaker comes down to the costs of owning and maintaining them. With that, let's explore how much you'll need to buy and own either a small sailing yacht or a motor yacht, and see which one is more affordable.

A new 30-foot sailing yacht can cost anywhere from $50,000 to $200,000, while a used one in good condition can range from $20,000 to $100,000. On the other hand, a new 30-foot motor yacht can cost between $100,000 and $500,000, while a used one can range from $50,000 to $300,000.

The ongoing costs of owning a yacht include maintenance and repair costs, fuel costs, insurance, docking fees, and more. Let's take a closer look at each of these costs and how they can impact your budget.

• The initial purchase price and ongoing costs of owning a motor yacht are higher than those of a sailing yacht.
• A sailing yacht relies mostly on wind power, while motor yachts require more complex mechanical systems and need more fuel.
• Purchasing older yachts may require more maintenance and repairs.
• Additional initial expenses when purchasing a used yacht include hiring a surveyor, buying bottom paint, looking for upgrades, and purchasing safety equipment.
• Insurance costs for motor yachts are higher due to their faster speeds and increased risk of accidents.

Cost of Buying And Owning A Small Yacht

1. The average cost of owning a new 30-foot sailing yacht

On average, a small brand-new sailing yacht can cost anywhere from $50,000 to $200,000 or more. This price range typically includes basic features like a cabin, galley, and bathroom, as well as a mast, sails, and rigging. However, the price may not include additional amenities like a generator, air conditioning, or advanced navigation systems.

In addition to the initial purchase price, there are also ongoing costs associated with owning a sailing yacht, such as mooring fees, maintenance and repairs, insurance, and fuel costs. These expenses can add up quickly, and you may need to factor them into your budget when considering buying a sailing yacht.

One advantage of owning a sailing yacht is that it can be less expensive to operate than a power yacht, as it relies on wind power rather than fuel. However, sailing yachts also require more maintenance and upkeep, particularly for the rigging and sails .

Initial expenses for a new 30-foot sailing yacht

Recurring expenses for a new 30-foot sailing yacht

2. The average cost of owning a used 30-foot sailing yacht

In general, you can expect to pay anywhere from $20,000 to $100,000 for a used 30-foot sailing yacht. This cost will typically include the purchase price of the boat itself, as well as any necessary upgrades or repairs that may be required.

Once you have purchased the boat, there are a number of ongoing costs associated with owning and maintaining it. These can include mooring or slip fees, insurance, registration and licensing fees, and regular maintenance and repairs.

Although used sailing yachts can be much more affordable than new ones, they may require more maintenance and repairs which can be costly and time-consuming. There may be hidden issues or problems with a used boat that are not immediately apparent, which can lead to unexpected expenses down the line.

Initial expenses for a used 30-foot sailing yacht

Recurring expenses for a used 30-foot sailing yacht

3. The average cost of owning a new 30-foot motor yacht

The cost of a new 30-foot motor yacht can range from around $100,000 to over $500,000, with some luxury models costing even more. Although operating a motor yacht requires less skill and experience than operating a sailing yacht, the initial purchase price and ongoing costs are higher than that of a sailing yacht.

This is because motor yachts require more complex mechanical systems, such as engines, generators, and other electrical and plumbing systems, which can be expensive to install and maintain. They also need more fuel than sailing yachts, which can result in higher ongoing costs for fuel and maintenance.

Initial expenses for a new 30-foot motor yacht

Recurring expenses for a new 30-foot motor yacht

4. The average cost of owning a used 30-foot motor yacht

A used 30-foot motor yacht can cost anywhere from $50,000 to $300,000 or more. However, you'll need to note that older yachts may require more maintenance and repairs, which can add to the overall cost of ownership.

It can be difficult to know how these yachts were used and maintained by their previous owner, which can lead to unexpected issues and repairs. They may also have less fuel-efficient engines, which can lead to higher fuel costs over time.

Initial expenses for a used 30-foot motor yacht

Recurring expenses for a used 30-foot motor yacht

Expenses Involved In Buying and Owning A Small Yacht

Initial expenses in buying a small yacht

Boat purchase is not cheap.

The first cost you'll encounter when buying a yacht is the purchase price which can range from tens of thousands of dollars to millions of dollars. When setting a budget for your yacht purchase, try to consider not only the purchase price but also the ongoing costs of ownership.

You need to register your yacht

Before you can legally operate your small yacht, you need to register it with the relevant authorities. The registration process depends on your location and the size of your yacht. In Oregon, for example, all boats with motors must be titled and registered with the Oregon State Marine Board. The registration fee is based on the length of the vessel.

To register your yacht, you will need to provide proof of ownership, such as a bill of sale, and complete the necessary paperwork. You may also need to provide proof of insurance and pay any applicable taxes.

Factor in payment for taxes

Each state has its own tax laws, and some states may have additional taxes or fees that apply to yacht owners. In Florida, there is a 6% sales tax on boats, while in Texas, the sales tax is 6.25%. In addition to state taxes, some municipalities or counties may also charge a local sales tax.

Set aside payment for the title fee

The title fee is the cost of transferring the ownership of the yacht from the seller to the buyer. The title fee for a small yacht can range from a few hundred dollars to a few thousand dollars.

Budget for hiring a surveyor

A survey is particularly important when buying a used boat, as it can help uncover any hidden problems that may not be immediately apparent to the buyer. Used boats can have a range of issues, from minor cosmetic defects to serious structural damage, and a survey can help to identify these issues before the sale is completed.

During the survey, the marine surveyor will thoroughly inspect the boat's hull, deck, and superstructure, as well as its mechanical systems, electrical systems, and safety equipment. The surveyor will also test the boat's performance on the water, including its handling, speed, and maneuverability.

After the survey is complete, the surveyor will provide the buyer with a detailed report of their findings, including any defects or deficiencies that were identified. This report can be used by the buyer to negotiate the purchase price or to request that any necessary repairs be made before the sale is completed.

Used small yachts need upgrades and customizations

One of the joys of yacht ownership is the ability to customize your vessel to suit your needs and preferences. Some common upgrades and customizations include:

• Deck hardware: Installing new hardware such as cleats, winches, and blocks can improve the functionality of your yacht, but can also be expensive.
• Communications: Upgrading your communication systems, such as radios and satellite phones, can improve safety and convenience, but can also be costly.
• Vinyls: Adding vinyl graphics to your yacht can be a fun way to personalize your vessel, but can also be expensive.
• Anti-fouling paint: Applying anti-fouling paint to the bottom of your yacht can help prevent the growth of marine organisms, but can also be a recurring expense.

Consider the costs of buying safety equipment

Safety should always be a top priority when operating a yacht. Some essential safety equipment includes:

• Life jackets: Having enough properly fitting life jackets for all passengers is essential for safety.
• Fire extinguishers: Having properly functioning fire extinguishers on board can help prevent a disaster.
• First aid kit: Having a well-stocked first aid kit on board can help in case of injury or illness.
• Emergency signaling devices: Having emergency signaling devices such as flares or an EPIRB can help alert others in case of emergency.

For a more detailed list of the safety equipment you need for your newly purchased small yacht, here's an article you can refer to.

Recurring costs for owning a small yacht

In addition to the initial expenses, there are also ongoing costs associated with owning a yacht such as the following:

Avail an insurance policy for your yacht

Shop around for insurance agencies that specialize in yachts, as there are many clauses and catchphrases that are unfamiliar to the average insurance agent. Insurance companies that specialize in boats often provide surprising discounts for both your own skills and the equipment on your boat.

A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat's purchase price per year. It should also cover these 10 basic things included in this article.

Sailing yachts may be more expensive to insure due to their increased risk of damage from weather and other environmental factors, while motor yachts may be more expensive due to their higher speeds and increased risk of accidents.

Keep in mind dockage and mooring fees

You can save money on docking fees by anchoring in free anchorages or finding marinas that offer discounts for long-term stays. Some marinas charge by the foot, while others charge a flat rate. You can try to research different marinas in your area to find the best deal.

In addition to the basic fee, some marinas charge extra for amenities such as electricity, water, and Wi-Fi. You may also want to consider the location of the marina since marinas in popular tourist destinations tend to be more expensive than those in less popular locations.

If you're in California, here are 7 places where you can dock your yacht at the cheapest price.

Consider costs for maintenance and repairs

Maintaining and repairing your small yacht is an important part of yacht ownership. Regular maintenance ensures that your yacht is safe to operate, and it can prevent costly repairs down the line.

Routine maintenance is the regular upkeep of your yacht, which includes things like cleaning, oil changes, and checking the engine and other systems. Consider following the manufacturer's guidelines for routine maintenance, as this will help prevent breakdowns and keep your yacht in good condition.

Now, even with regular maintenance, repairs may be necessary from time to time. Repairs can range from minor fixes like replacing a lightbulb to major repairs like fixing a damaged hull. Address repairs as soon as possible to prevent further damage.

For bottom paint, you can read this article on How Much Does it Cost to Antifoul a Boat? (Bottom Paint)

Account for fuel costs

The type of yacht you own will determine the fuel you use. For example, a motor yacht will require more fuel than a sailing yacht. Fuel costs are usually calculated per gallon. You can use a yacht fuel cost calculator to estimate how much fuel you will need for your trip and the approximate cost.

You can save money on fuel costs by filling up at a marina that offers fuel at a lower price. You might also want to consider using fuel additives that can improve your yacht's fuel efficiency and reduce fuel consumption.

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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Yachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase.

Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.

The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions.

Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars.

It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership.

Key Takeaways

• Yacht costs vary greatly based on size, brand, age, and features
• Additional expenses such as maintenance, insurance, and crew should be factored in
• Assessing all costs involved helps gain a clearer picture of the true cost of yacht ownership

Types and Sizes of Yachts

When considering the cost of a yacht, it's important to understand the various types and sizes available in the market.

In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts.

Sailing Yacht Vs. Motor Yacht

There are two main types of yachts: sailing yachts and motor yachts.

Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches.

Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests.

Small Yachts to Superyachts

Small Yachts (10,000-$100,000):

Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers.

Midsize Yachts ($100,000-$1,000,000):

Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.

Large Yachts ($1,000,000 and up):

Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties.

Superyachts ($10,000,000 and up):

Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more.

Cost Factors for New and Used Yachts

When determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht.

Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision.

Age and Condition

The age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear.

Size and Style

The size and style of the yacht also play a crucial role in determining the cost.

Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million.

The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.

Brand and Model

The yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost.

On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price.

It's essential to research different yacht brands and models to find the one that best suits your preferences and budget.

Location and Availability

The location of the yacht, along with its availability in the market, can influence the overall cost.

In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity.

Initial Purchase Price

Buying New Vs. Pre-Owned

When considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht.

New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price.

On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features.

The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used.

The Buying Process

The process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase.

Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget.

Costs to Consider

In addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:

• Insurance : Buyers should consider the cost of insuring the yacht. Insurance fees, among other factors, are influenced by the size and value of the yacht.
• Marina fees : Docking the yacht at a marina will incur fees, which can range from a few thousand dollars for smaller yachts to tens of thousands for larger ones.
• Maintenance : Maintenance costs can make up around 10% of the initial purchase price. For used yachts, be prepared to spend on essential repairs and upgrades as needed.
• Fuel : The cost of fuel is influenced by the yacht's size, engine type, and cruising frequency.

Operational and Maintenance Costs

Crew Expenses

One of the significant expenses associated with owning a yacht is paying the crew salaries .

The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million.

It is essential to account for additional crew-related costs such as insurance, training, and uniforms.

Fuel and Propulsion

Another considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns.

For instance, a larger yacht may incur around $400,000 for fuel annually.

It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency.

Repairs and Upkeep

Maintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million.

This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs.

Dockage and Storage

Mooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location.

On average, a superyacht may have an annual dockage expense of around $350,000 .

Additional Ownership Costs

Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht.

For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year .

Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience.

Taxes and Registration

Owning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered.

In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership.

Depreciation

Another factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles.

The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop.

Extra Amenities and Upgrades

Finally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership.

Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain.

Real Cost of Yacht Ownership

Owning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations.

Rule of Thumb for Annual Costs

When estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries.

For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew.

Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.

• Maintenance and Repairs: The cost of maintaining a yacht can range from $1,000 to over $1 million per year, depending on the size and complexity of the vessel.
• Dockage: Yacht owners should budget around $350,000 annually for marina fees.
• Fuel: Depending on the size and type of yacht, fuel expenses can be substantial, averaging around $400,000 per year for a large vessel.
• Insurance: Insurance premiums for yachts can range from a few thousand dollars to upwards of $240,000 per year.
• Crew Salaries: Crew salaries can account for the largest portion of yacht ownership costs. A large yacht may require a crew with an annual budget of $1.4 million.

Investment Considerations

When thinking of purchasing a yacht as an investment, potential owners should consider several factors.

Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate.

Additionally, the high cost of ownership may make yacht investment less viable for some individuals.

Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs.

Life on Board

Amenities and Comfort

Life on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible.

One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience.

A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions.

Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience.

On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht.

Entertaining and Lifestyle

A yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events.

Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates.

A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication.

With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle.

Frequently Asked Questions

What is the price range for a small yacht?

Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities.

On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht .

What are typical rental costs for yachts of various sizes?

Rental costs for yachts can vary greatly depending on factors like size, type, and location.

Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day.

Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew.

What is the purchasing price for a luxury yacht?

Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars.

The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand.

What is the cost associated with owning a 50-foot yacht?

The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs.

While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.

What are the expenses involved in buying a 100-foot yacht?

In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs.

These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year.

What can one expect to pay for a 70-foot yacht?

The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features.

In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.

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The best small cruising yachts in 2023

• Theo Stocker
• September 29, 2023

Despite bigger yachts dominating the new boat scene in recent decades, there are still any number of builders making new smaller cruisers. Here's our pick of the best small cruising yachts in 2023

We have seen a surprisingly large number of builders going against the grain to bring small cruising yachts to market in the last year or so, ranging from trailer0-sailers to smaller traditionally-styled options. Here, we’ve rounded up 4 of the best small cruising yachts launched in the last year.

Typically this size of yacht appeals to those who are looking for a day sailer or weekender and will often offer reduced draught in able to allow you to go creek crawling or nose your way into otherwise hard to get to anchorages.

The best small cruising yachts 2023

Once you’ve seen one, Bente yachts are unmistakable. We revisited the brand’s first boat, the Bente 24 , a couple of issues ago, which has been around for 10 years or so. The brand then launched the striking Bente 39 which was immensely innovative, but the company ran into financial difficulties. Now under new owners and a more stable footing, a third model has been launched, which I can’t wait to test sail. The Bente 28 is unlike any other 28-footer.

The hull is cutting edge with wide transom, double rudders and full bows providing a powerful hull form as well as volume below. Construction is polyester GRP foam sandwich, with the basic version being heavier hand lamination, and the more expensive Edition version being vacuum infused. While this is a boat designed to be fast, it’s a long way from a wild racing boat.

Displacement is a not outlandish 3.2 tonnes and draught is 1.6m (there’s an option for a 1.95m performance T-keel with lead bulb that’s 100kg lighter), so it fits well within the scope of a sensible cruising boat.

The Tide 25, built by MFH in north Germany – began its life as a Dehler SQ25, but the mould was sold off when that company hit hard times. Plumb bows and stern with a long hull chine, bevelled deck edge and twin rudders put her on trend, and maximise performance under sail and accommodation on board.

On deck, she has a large cockpit with benches forward and four decent lockers. Under the cockpit sole there’s access to what would be engine space for a diesel inboard, now housing batteries for the electric motors.

Opt for the sport version, and you’ll get beefed up deck hardware and a minimalist fit out, with the mainsheet traveller across the transom, while the comfort version has a smaller main with the mainsheet coming to a fixed point on the cockpit sole forward of the helm. The rig has aft-swept spreaders and no backstay.

The fact that the accommodation of the Pointer 30 is designed around a Nespresso machine, enshrined in glory, tells you a lot about this boat. It was conceived as a comfortable, fast and stylish weekend cruiser that you can take your friends down to for a coffee before a nice sail to somewhere for lunch. This is a boat that knows what it is about. Tea drinkers, don’t worry; there’s still a gas hob to boil a kettle.

The sail area isn’t vast, but this looks to be an easily driven hull. A below-deck furler setting a genoa that sheets to tracks on the coachroof is standard, with a self-tacker being optional.

The fixed bowsprit houses a bow roller, and a tack point for furling offwind sails – the gennaker takes her offwind sail area up to 100m2, set from an aluminium twin-spreader rig with adjustable backstay. She has a powerful kicker, but no traveller for the main, which is sheeted to a raised plinth in the cockpit sole.

Below deck the layout is simple, clean and quietly stylish. Headroom is restricted, dictated by the low freeboard and elegant lines.

To port, the heart of the boat is the ‘coffee bar’ on a shelf in the moulded hull liner, next to a small dinette-style table with two leather swivel armchairs. The forward of these chairs spins round to face a neat lift-top desk (though the drawer below isn’t large enough for a chart).

Swallow Yachts 32

Aimed at sailors who may have owned larger yachts before but want to downsize, Swallow Yachts owner Matt Newland explained that he ‘wanted to build a boat that was fun and easy to sail, simple to maintain and had timeless looks with as low an environmental impact as possible.’

Though not a true launch-and-sail trailer sailer, a four-by-four will still be able to tow the 32 on her own trailer, as boat and trailer come in at under 3.5 tonnes, and within the 2.9m overhang limit.

With a keel-down draught of 2.8m, a fine entry at the bow and broad aft sections, this boat promises to be a good performer. You can sail with the lifting keel in any position for shoal waters, but lift it all the way and you’ve got a draught of just 40cm for creek crawling and drying out.

Newland has tried to draw lines that are timeless rather than trendy while a retractable bowsprit, backstayless carbon rig and square-top mainsail ensure she is right up there in terms of her contemporary design and latest tech.

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Floating resorts vs yacht-like vessels: How to pick between big and small cruise ships

I took two cruises in July, and they couldn’t have been more different.

After spending 10 days on Seabourn Pursuit, the cruise line’s 264-guest expedition vessel, I returned home for a few days before boarding Royal Caribbean International’s Utopia of the Seas , which can accommodate over 20 times that.

Cruise ships range in size from yacht-like vessels to mega-ships that are more like floating resorts. And as much as cruises may be about the ports they visit, the ship you pick can shape the destination you can access and ultimately, the kind of trip you have. Here’s how they differ and how to know which is right for you.

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What are small-ship cruises like?

If mega-ships can feel like cities at sea, small ships are perhaps more like quaint towns. It’s easier to find your way around, faces become familiar quickly and the server at the nearby eatery knows how you like your eggs.

“The service is just 100% going to be much more intense than any other type of sailing,” said Joanna Kuther, a New York City-based travel agent and owner of Port Side Travel Consultants. The majority of cruise lines sailing ships with capacities in the 200 to 700 range are luxury brands that already put a premium on service – though that can vary by operator – but there are practical reasons too.

Many of those ships have higher crew-to-guest ratios, making it easier to give customers a personalized experience. “We want people to feel that it’s (a) yacht-like atmosphere,” Natalya Leahy, president of Seabourn, told USA TODAY on board.

Small-ship cruises generally bundle more in their fares than those on larger vessels, from food to drinks like wine and spirits, select excursions and more. Some inclusions can be particularly extravagant.

On Seabourn, for example, guests can order caviar for delivery any time of day at no additional cost (I had to try it out for research purposes during an expedition through Western Australia’s Kimberley region ).

That doesn’t necessarily mean the price tags will be higher, though. While the upfront fare may cost more, by the time guests add up drink packages , specialty dining, Wi-Fi and other extras that are typically charged separately on large mainstream ships, their expenses may not be so different.

“Don't worry about what you're paying when you go on,” Kuther said. “It's what you pay when you come off.”

If the prospect of thousands of cabins and fellow guests seems overwhelming, a small ship can also offer a more manageable experience. Lines and crowds are a relative rarity and there’s less chance of getting lost trying to find your room (a situation I’ve encountered more than once on large ships).

Getting on and off is easier, Kuther added, with the vessels often docking closer to the city center or in ports that can’t accommodate larger vessels. They also stay overnight more frequently, relieving the pressure of packing sightseeing into a shorter window.

“That is amazing because if you've ever gotten off of a mega-ship tendering into Santorini, it's like the most insane thing,” she said. “Like, you're fighting for your life to get into the funicular. So, it’s definitely an elevated experience.”

While many are well-appointed, they do have a more limited number of amenities and dining options. On an Aurora Expeditions Antarctica cruise in December, the Sylvia Earle ship had only two restaurants. I enjoyed the food and some offerings rotated, but by the end of the 11-day trip I was ready to change it up.

Travelers with children may find the ships lacking in kid-friendly activities, too.

What are big-ship cruises like?

By contrast, guests on big ships are spoiled for choice. “You can't beat the variety if that's what you're looking for,” said Kuther.

Larger ships offer a wide range of eateries, bars and entertainment. Carnival Cruise Line’s Jubilee ship, for example, has more than 20 dining options, from Guy’s Burger Joint to tacos and burritos at BlueIguana Cantina and Coastal Slice pizza – not to mention the BOLT: Ultimate Sea Coaster , a water park, and Loft 19, a quieter retreat at the top of the vessel.

Those kinds of ships can be particularly well-suited to families or large groups who want options. Royal Caribbean divided its Oasis Class – and later Icon Class – into neighborhoods with that in mind.

“Everyone has got something to do and are excited to do during the day … And then in the evening, everybody can come together in one of I don’t know how many restaurants and have a great family meal or a date night or just a burger, and then they have a fantastic show,” president and CEO Michael Bayley said in a media briefing on board Utopia.

Large ships have more to offer passengers “who really want to party” as well, Kuther noted.

The scale also allows cruise lines to create more immersive experiences. On Utopia, the second-largest cruise ship in the world , I had dinner outside one night at the Chops Grille steakhouse in the vessel’s Central Park neighborhood. With a breeze blowing through the open-air walkway and the sound of crickets in the background – which the cruise line pipes in – I could’ve been convinced I wasn’t on a ship. 

Guests are less likely to feel the movement of the waves at that size, which also can be helpful for passengers who are fearful of water or prone to seasickness , Kuther said.

A number of cruise lines have ship-within-a-ship concepts , too, that allow guests to escape the crowds in exclusive accommodations, restaurants and sun decks, while still having access to the wider range of onboard offerings (though some offer a greater degree of separation than others).

It’s worth noting, however, that “small” and “big” are relative terms, and many mainstream cruise lines operate ships in the 1,500-to-2,500-passenger range. Those can offer a kind of middle ground, with a more intimate experience often at a lower price point (though Kuther noted that’s partly because those ships tend to be older).

Still, the overall experience of a bigger ship may cause sensory overload for some travelers.

Which is right for me?

The right ship comes down to the type of vacation experience you want.

• If you’re looking for adventure on an expedition or want to be pampered on a quiet, lower-key vessel, small ships are the way to go.
• If you want lots of things to do, places to eat and ways to party, consider a bigger ship . But there’s sure to be one that suits you.

As Kuther put it, “(If) people say they don't like cruising, I will always 100% say, ‘You just weren't on the right cruise.’”

Nathan Diller is a consumer travel reporter for USA TODAY based in Nashville. You can reach him at [email protected].

This article originally appeared on USA TODAY: Floating resorts vs yacht-like vessels: How to pick between big and small cruise ships

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Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.

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By Michael J. de la Merced

Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents.

A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard.

Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht .

Here’s what we know about the passengers.

Mike Lynch and his family

Mr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC.

In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch.

HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018.

Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges.

An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian.

The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday.

The other guests

Jonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them.

Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered.

“We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement.

Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher.

The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said.

Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research.

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

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RurAL CAP connects small businesses — including fishing boats — with federal energy dollars

Federal dollars are available to help Alaska businesses in rural areas make improvements in energy efficiency.

The  Rural Energy for America Program  – or REAP – is a program of the U.S. Department of Agriculture. A statewide nonprofit organization called  RurAL CAP  is providing technical assistance for anyone interested in diving into the application process.

Shae Bowman is an energy development specialist with RurAL CAP, who discussed the program with the Sitka Chamber of Commerce earlier this month.

She said that the Rural Energy for America Program  is often associated with developing renewable energy – typically solar panels. And while solar isn’t out of the question for rainy Southeast Alaska anymore, there are other opportunities for making energy improvements that could be more practical.

“So that could be upgrading appliances or installing heat pumps, or upgrading your lighting to be LED lighting,” Bowman said. “It could be adding better insulation to your business, or if your business is being heated by, for example, diesel fuel, maybe it’s the switch over to heat pumps if your community has a hydroelectric plant.”

Bowman said some of the most attractive businesses for energy funding are actually commercial fishing boats. There are significant opportunities for energy upgrades that aren’t necessarily obvious.

“Some of those projects have been getting solar panels on the boat, increasing the capacity of the fish hold, or insulating the fish hold,” she said. “It could be kind of hard to see how these would be connected to your energy efficiency, but if you increase the capacity of your fish hold when you’re a commercial fishermen, that would mean you’re potentially making less trips to the tender, so you’re burning less diesel fuel. If you have a better-insulated hold, then you’re not expending as much energy to keep your fish cold.”

Bowman says that REAP covers 50% of the costs of these projects, which can be a huge help, but the application process can be daunting. An energy assessment or audit will be needed depending on the size of the project, as well as other logistical challenges. But, that’s what she’s there for: Helping to guide applicants through the process and connect them with the funding.

And sometimes it’s about  not  encouraging people to proceed with a lengthy application.

“And a lot of times, you know, people will sign up for technical assistance, and we’ll talk through a project, and they’ll be like, ‘Okay, I don’t know if this is a right fit, or it’s a lot more work than I was initially anticipating,’ and so they might just decide to fund the project, like out of pocket,” said Bowman. “Versus sometimes we get together and we talk about a project, and they’re like, ‘Okay, I think this is really going to be worth my time,’ and then we know how we can move forward.”

Bowman’s program was part of the Sitka Chamber of Commerce’s Summer Speaker Series.

The next presenter in the Chamber’s series will be Rep. Rebecca Himschoot with a legislative update, at noon on Wednesday.

Robert Woolsey, KCAW - Sitka

Robert Woolsey is the news director at KCAW in Sitka.

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Experts puzzle over why Bayesian yacht sank. Was it a 'black swan event'?

The Bayesian set off on a leisurely cruise around Italy's southern coast on a sunny day in late July.

The luxurious super yacht − which boasted one of the largest masts in the world and carried a crew of business moguls, including British tech tycoon Mike Lynch and his family and a chair of Morgan Stanley − set sail from the Amalfi Coast, bound for Sicily.

Less than a month later, the ship had sunk 160 feet under the water , leaving its cook dead and six of its passengers, including at least two Americans, missing and prompting a massive search that has drawn international attention.

Now, experts are trying to piece together why in the early hours Monday the Bayesian was quickly pulled under the waves amid a storm that saw at least one tornado spin up over the water.

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A perfect storm led to Bayesian sinking, experts say

The combination of unlikely factors that could have contributed to the ship's fate constituted a "black swan event," Matthew Schanck, chairman of the Maritime Search and Rescue Council, told USA TODAY.

The Bayesian was well-built: A 2008 product of Italian ship maker Perini, it was constructed in accordance with international maritime standards and commercially certified by the U.K.'s Maritime and Coastguard Agency, according to Schanck.

The bout of bad weather that swept the area when the ship went down was also out of the ordinary in the northern Mediterranean, "which isn't renowned for prolonged, significant stormy weather," he said.

"The fact that those two elements have then resulted in the foundering of a super yacht is pretty extraordinary," Schanck said. "These things don't happen every day."

After the ship sank just before 5 a.m. local time, 15 people, including a 1-year-old, were pulled from the water. Some were rescued from a life raft by the crew of a ship docked nearby.

Ricardo Thomas, the ship's cook and a native of Antigua, was found dead, according to authorities.

As of Tuesday, six people were missing, including Lynch and his 18-year-old daughter. Several missing passengers were involved in Lynch's trial on fraud charges, including Jonathan Bloomer, a Morgan Stanley chair who served as his character witness, and one of Lynch's attorneys. Lynch, accused of fraud after he sold his company to electronics giant Hewlett-Packard, was acquitted of all charges weeks ago.

Who is Mike Lynch? UK entrepreneur among those missing after superyacht sinks off Sicily

Tornado formed over unusually hot water

Storms in the area that night may have whipped up a water spout, a tornado over the water , according to local meteorologists.

It was likely triggered by the water's unusual warmth, said Rick Shema, a certified consulting meteorologist who served in the Navy.

"The water spout was an uncommon occurrence," he said. "But again, these things happen, especially in warmer water."

At 83.7 degrees, water in the area was more than 3 degrees hotter than average on the day the Bayesian sank, likely the result of climate change, Shema said.

"Hurricanes can form at 80 degrees. This was almost four degrees higher than that," he said.

The water spout may have spun up when cooler air dropped from mountainous places nearby onto the hot water, he said. "A water spout is a vortex, basically like a tornado, spinning real fast, sucking up water and moisture as the column rises," he said.

Although water spouts only reach around 120 mph, as compared with tornadoes on land, which can reach up to 300 mph, "you don't need 200 mph to sink a ship," he said.

"Even an average tornado, 120 miles an hour, that's a lot of wind," he said, "which would heel the boat over for sure."

Water spouts spring up suddenly, Shema said. Before they strike, winds can be slow, but "once the water spout comes over, bam, it's on," he said.

Before sunrise, the ship's crew may not have seen the water spout coming. "The visibility was probably a big factor," he said.

With the windows of the yacht opened, as they likely were in the hot weather, the water spout could have triggered water that flooded through the portholes, Shema said, causing the ship to sink.

Tragedy strikes: Scramble to find survivors after Bayesian yacht sinks off Sicily coast

Search continues, but shift to recovery phase approaches

Italian authorities said the Bayesian was probably at anchor when the storm struck, meaning it couldn't maneuver and ride the waves, according to Mitchell Stoller, a captain and maritime expert witness. Other ships in the area that turned on their engines rode out the storm, he said.

"When you're at anchor and you see weather, you start your engine and you put the wind on the bow. You don't let it get on the side," he said.

Schanck said another key question concerns the position of the keel, a heavy weight underneath the boat that acts as a counterbalance to keep it upright, when the ship sank. When lifted, "that's going to affect the stability of the vessel, because, obviously, you've now raised the center of gravity of that vessel," he said.

The Bayesian was floating over 160 feet of water at the time, deep enough that the keel would likely be deployed. But the fact that "the vessel heeled over so heavily makes me question that," Schanck said.

The cause of the disaster may not be known until the ship can be examined in more detail, experts say. Prosecutors in a nearby town have already opened an investigation.

Schanck said investigators will have plenty to work with once the operation moves into a recovery phase.

"The vessel is intact and in good condition on the seabed," he said. "There's a lot of eyewitness accounts from other vessels in the area and the shore."

As the search entered its second day on Tuesday, the rescue effort may shift in that direction soon. "I suspect, later on, today or tomorrow, we'll probably see some mention of a recovery operation being stated," Schanck said.

The decision to would depend on whether rescuers find signs of life in the ship and air pockets or survivable spaces, Schanck said. At this point, survivors on the water's surface looks unlikely. "My professional opinion is that the casualties will be located within the vessel," he said.

"There is a risk versus benefit in all maritime search and rescue incidents," he said. "Where we start transitioning to a recovery phase, that line shifts."

Contributing: Reuters

Cybele Mayes-Osterman is a breaking news reporter for USA Today. Reach her on email at [email protected]. Follow her on X @CybeleMO.