Please select your home edition
Edition
Lloyd Stevenson - Catalyst Yacht Tender 1456x180px TOP

Tankoa Yachts: In-build report & business update

by Tankoa Yachts 24 Oct 2020 01:33 PDT
Tankoa new 50m S501Hybrid © Sand People

With delivery of 50-metre M/Y Olokun (hull#3 S501) scheduled for the end of November, work is progressing on her hybrid all-aluminium sister ship (hull#4 S501) as the Genoa-based shipyard makes plans to expand production.

In build on speculation, S501Hybrid is the 4th in the 50-metre series designed by Francesco Paszkowski. It is currently 40% complete with the hull and superstructure competed and assembled, preparations for outfitting under way, and installation of the main machinery in progress. Delivery is on schedule for the end of 2021.

The yacht builds on Bintador's experience, but this time the hybrid propulsion package has been developed by MAN in conjunction with Siemens and will be installed to provide three cruising modes: traditional- diesel, diesel-electric and full-electric.

Tankoa is also looking to expand its production capacity over the next 3-4 years by either acquiring property adjacent to its current facility in Genoa, or elsewhere in the Liguria-Tuscany region.

"We're preparing to the grow the company in a sustainable way to optimize operational costs and increase our market segment," says Tankoa CEO Vincenzo Poerio. "Clearly it makes good business sense to spread fixed overheads across three or more projects in build each year, as opposed to one or two. We will remain a boutique shipyard and if anything be more flexible when it comes to customisation, a distinguishing Tankoa asset at a time when other brands are going the other way and becoming more resistant to modification requests from clients."

The new business plan will essentially double current production and is based on a 4+2 model, whereby four yachts are in the outfitting stage and two new projects under construction at any one time. Tankoa is in the process of restructuring its management staff with the appointment of Claudio Corvino as Sales & Business Development Manager for the Americas and Asia Pacific markets. Claudio has developed a long sales experience in the yachting industry: he worked at Oyster, Admiral and more recently at Benetti.

The Tankoa fleet is also set to grow. The yard has already announced it is working on the T450 model, a 45-metre full displacement yacht designed by Giorgio M. Cassetta, but Poerio doesn't rule out building smaller as well to further facilitate the expansion in production. With two 70-metre and three 50-metre yachts already delivered, the brand's core focus will be the market for customisable yachts from 45 to 70 metres.

"Last but not least, we intend to continue building on speculation," concludes Poerio. "Today's clients don't want to wait for up to three years to take delivery of a new yacht. Starting the hull and superstructure on spec means we can reduce the delivery time to as little as 12 months, but also streamline production schedules to make the best use of our resources."

Related Articles

18th Puig Vela Clàssica Barcelona day 1
Opening victories and nautical splendor This week, Barcelona once again takes center stage in the world of classic sailing as the 18th edition of the Puig Vela Clàssica gets under way. The opening day delivered ideal conditions for a spectacular display on the water. Posted today at 12:28 pm
Rolex Fastnet Race: IRC Two Preview
With 73 entries in IRC Two, the Rolex Fastnet Race is set to deliver a striking display. Could two new JPK 1050s upset the apple cart in IRC Two? Jean-Pierre Kelbert has a habit of breaking the mould in IRC racing, and his new 34-footer may well be a game changer in this competitive division with 73 entries. Posted today at 10:36 am
Dragon Edinburgh Cup in Torbay overall
Tight Racing and Tactical Brilliance The final day of the 2025 Edinburgh Cup brought sunshine, shifting breeze, and two exciting races that kept the championship wide open until the very last run. Posted today at 8:13 am
Seldén Rodkicker 50 - manual rigid vang
Specifically sized for yachts between 50 and 55 feet A Rodkicker rigid vang is designed to enhance sail handling during reefing and allows for greater sail trim control. Posted today at 8:00 am
WASZP Games 2025: Talent & fun descend on Weymouth
Poised to be the largest and most competitive in the class's history The 2025 International WASZP Games, set to take place from July 19–25 at the Weymouth & Portland National Sailing Academy, are poised to be the largest and most competitive in the class's history. Posted today at 7:23 am
Transpac 2025 Update: Moon River Tonight!
The magic of offshore racing in the 2025 Transpac A vast ocean separates Los Angeles, California, from Honolulu, Hawaii, but the boats racing in this year's Transpac have now crossed the halfway mark. Race leaders are in the tradewinds and making their approach to the Aloha State. Posted today at 12:26 am
20 Canadians set for Long Beach Grand Slam Event
The Long Beach Olympic Classes Regatta will be held July 12-20 20 Canadian sailors will take part in the fourth and next-to-last event of the 2025 Sailing Grand Slam Series, the Long Beach Olympic Classes Regatta, to be held July 12-20 at one of the two Olympic venues for the Los Angeles 2028 Olympic Games. Posted on 10 Jul
All smiles among first finishers of the AEGEAN 600
The fastest teams crossed the finish line today at Cape Sounion As the fastest teams crossed the finish line today at Cape Sounion and made their way to the harbour at Olympic Marine, there were exhausted smiles all around. Posted on 10 Jul
British Classic Week day 4
It was a classic Solent day in Cowes for the OneSails inshore race It was a classic Solent day in Cowes for day 4 of British Classic Week with hot temperatures, sunshine and no breeze in the morning before the sea breeze kicked in from the west and it was time to go racing. Posted on 10 Jul
iQFOiL Worlds a Aarhus day 5
Finalists locked in for new Medal Series format With the sea breeze stubbornly refusing to make an appearance, Day 5 of the iQFOiL World Championship turned into a long waiting game both ashore and on the water. Posted on 10 Jul
RS Sailing 2021 - FOOTERRooster 2025Allen Dynamic 40 Footer