Assets of 50m motor yacht Star Fish available for sale

Three months after the midnight fire at McMullen & Wing’s Auckland New Zealand shipyard that damaged the 50m steel/aluminium motor yacht Star Fish, the remaining undamaged hull, machinery and equipment assets of the project are being sold off and are available for immediate sale by McMullen & Wing.

In need of a new superstructure and interior, the vessel could be launched in 18 months, offering a new owner a high volume custom expedition yacht, fully warranted by her original shipyard, at a very substantial discount from normal new-build cost.

The Star Fish design is a larger development of the successful 45m Big Fish, built by McMullen & Wing for the same owner. 

Sharing the same high efficiency displacement hull form, the vessel offers incredible volume, stability and outstanding sea keeping characteristics proven by Big Fish’s 60,000 nautical miles of cruising and unparalleled charter record.

The vessel was 75% complete at the time of the fire, and due for launch in March 2013. 

Her steel hull and aluminium superstructure were complete, faired and painting was in progress.  Interior accommodation was well progressed, electrical and electronic systems underway and machinery installation mostly complete.

The fire gutted the interior, which has now been removed.  Damage to the superstructure was sufficient to warrant replacement of the entire aluminium fabrications, which have already also been largely removed and discarded.

The completed steel hull was essentially undamaged. 

The engine room, which was 95% complete, was also saved, with only very minor impact which can be wholly restored.

In financial terms, repair and reinstatement of the fire damage to brand new condition represents about half the total cost which had been expended at the time of the fire. 

The remaining value post-fire, comprising steel hull, engine room machinery & fitout, extensive undamaged equipment inventory and design investment, has been assessed at over US$14m.  It is available for purchase at a fraction of this value.

The vessel has been extensively surveyed post-fire to confirm the state of remaining structures and equipment to ensure only items which can be delivered to brand new superyacht standard are retained.

For further information, interested parties can contact Michael Eaglen, commercial manager at McMullen & Wing at [email protected], by phone at +64 27 275 4467 or for details about the company, visit www.mcmullenandwing.com.