Silver Yachts founder  Guido Krass and superyacht designer Espen Oeino have announced a new partnership with the world’s second-largest aluminium extrusion company: Hong Kong-based China Zhongwang Holdings Limited. Listed on the Hong Kong stock exchange, the company is now also Silver Yachts’s majority shareholder. 

Filmdreh Mercedes-Benz S-Klasse Cabriolet Monaco 2015

“Having China Zhongwang on board will allow us to continue to create and build innovative aluminium superyachts for the world market,” Krass commented. “China Zhongwang’s strong backing will enable us to accelerate our rate of expansion and broaden our market reach.” 

With a growing market in Asia for superyachts and commercial vessels, the all-aluminium ship-building company is looking to expand its current operations in Australia and in China. 

Silver Loft built by Silver Yachts

“We are delighted to join hands with SilverYachts to navigate the high-end marine sector at full speed,” China Zhongwang President and Executive Director Mr. Lu Changqing said. “SilverYachts is one of the pioneers in building large-sized, all-aluminium ultra-luxury superyachts. It has an international reputation for producing visually striking, aerodynamic, high-performance, and fuel-efficient luxury superyachts; widely known as the ‘sports cars of the ocean’.” 

Silver Yachts has launched four yachts to date, the latest being the 77m/253ft SILVER FAST in 2015, while 85m/279ft SILVER LOFT is currently under construction.