PALM BEACH MOTOR YACHTS – CELEBRATING 30 YEARS

by Holly Dukeson

This year marks a significant milestone for Palm Beach Motor Yachts as they proudly celebrate their 30th Anniversary. For three decades, they have been dedicated to designing and building luxury motor yachts for amazing customers, creating lasting memories on the water, and supporting their important community of passionate yacht enthusiasts around the globe. As they move forward, they remain committed to investing in their global service and customer care for both new builds and pre-owned clients, with the aim of setting a new standard for excellence in customer service within the industry.


30 YEARS OF MODELS AND MILESTONES

1995 - Champion Ocean Racer and boat builder, Mark Richards, established Palm Beach Motor Yachts on Sydney’s Northern Beaches, specialising in sailing yachts before moving into luxury motor yachts. The first model was the Palm Beach 38, which laid the foundations of the hallmarks of the Palm Beach Motor Yachts’ range. Inspired by the Lobster Boats in Maine, Palm Beach Motor Yachts would become renowned for its timeless design, elegance and efficiency
2001 - The next noteworthy model was the Palm Beach 50, internationally lauded for its classic design, contemporary styling, and scintillating performance. The PB50 would go on to win Best New Power Boat at the Newport International Boat Show, raising the brand’s profile in the US and stimulating sales.

2009 – The magnificent Palm Beach 65 was launched and enjoyed success with Australian and US owners.

2011 - In 2011, a 55-foot smaller sister to the Palm Beach 65 was launched, again to international and domestic acclaim. Palm Beach Motor Yachts was awarded Best New Power Boat at the Newport International Boat Show with the first Palm Beach 55, making it two years in a row for Palm Beach Motor Yachts to take home this prestigious award and recognition for superior quality craftsmanship and technical excellence
2014 - In August 2014, Grand Banks Yachts Limited announced to acquisition a 100 percent stake in Palm Beach Motor Yacht Co Pty Ltd of Australia and Mark Richards was appointed CEO of the expanded Group. A chief advantage of the merger was the ability to combine the intellectual property of Palm Beach Motor Yachts with the Production Facility scale of Grand Banks, headquartered in Malaysia. The acquisition coincided with a change in sales model, moving to factory-direct sales to enhance the entire customer experience.

Palm Beach 52 launched and made its world debut at the 2015 Miami International Boat Show.

2016 – Palm Beach 42 launched

2018 - The group establishes new US headquarters and service yard in Stuart, Florida and launches the Palm Beach GT50 and the Palm Beach 70.
2020 - Palm Beach GT60 launch. Australian headquarters established in Newport, NSW with brokerage and a full-service and maintenance facility. Carbon fibre superstructure added to all models built using their Ocean racing-inspired & proprietary V-WARP® TECHNOLOGY, which is designed to substantially decrease fuel and energy consumption, resulting in less carbon emissions required to propel their yachts.
2023 - New models announced - Palm Beach 107, Palm Beach GT50 Quad 500 Outboard, Palm Beach GT60 Quad 650 Outboard, Palm Beach GT70 RS Triple IPS 1350 and Palm Beach 50 Jet drive
2024 - The Palm Beach GTRS Series, the next generation in luxurious performance motor yachts launches. GT50 RS, GT60 RS, and now the GT70 RS.

2025 – Palm Beach Motor Yachts celebrates 30 years of Luxury Yachting Excellence with owners and friends.

Palm Beach 85 and Palm Beach GT60 Jetdrive launch.

The Composite Production Manufacturing Factory officially opens in Malaysia.

New flagship model – Palm Beach 107 announced.


30 YEARS OF MOTOR YACHT DESIGN EXCELLENCE

WHERE THE PASSION BEGAN – Mark Richards was born and raised on Sydney’s Northern Beaches, where he was immersed in the boating lifestyle and formed an abiding fascination with the sea. Born from a profound passion for the sea, Palm Beach Motor Yachts epitomises this enthusiasm in all aspects of their work. Palm Beach Motor Yacht’s passion drives their next-generation design and construction technology, fuels their exceptional performance and safety, ensures the highest quality of their yachts, and solidifies their relentless commitment to excellence.

At the age of six in Newport, NSW, on Sydney’s Northern Beaches he was sailing with Manly Juniors. By age 13, he was working at the Royal Motor Yacht Club, honing his skills as an expert boat handler. Mark’s love for the water led him to start a boatbuilding apprenticeship program at Sydney Technical College at 16, where he divided his time between classroom work and hands-on experience at Martin Lewis Shipwrights in Australia’s Pittwater area. His professional yachting career was ignited when he joined Peter Gilmour’s crew for the 1986 Columbus Cup, marking the beginning of a remarkable journey in yacht racing

Mark Richards

GLOBAL AWARDWINNING YACHT BRAND

Today, Palm Beach Motor Yachts is a globally celebrated, award-winning motor yacht manufacturer, boasting an impressive line-up of 34 different model variations across its Classic, GT and GT RS series. Throughout this journey, Mark Richards has adhered to a guiding philosophy: Palm Beach provides clients with vessels that are as close to perfection as humanly possible.

Palm Beach 70

PALM BEACH PHILOSOPHY

Palm Beach Motor Yachts’ success is driven by its proprietary V-WARP® TECHNOLOGY, a revolutionary design and construction process derived from Mark Richards’ experience as an oceanracing champion and shipwright. This technology incorporates a warped, semidisplacement hull form and extensive use of carbon fibre, setting a new industry standard for power-to-weight ratio. This results in class-leading speed and performance, as well as unrivalled fuel economy in these luxury motor yachts. In 2014, Palm Beach Motor Yachts was acquired by Grand Bank Yachts Limited (GBY:SP), a publicly traded company on the Singapore Stock Exchange. Today, Mark Richards serves as the CEO, chief designer, and a major shareholder.

LEADING THE WAY IN TECHNOLOGY, FUEL EFFICIENCY AND PERFORMANCE

All Palm Beach Motor Yacht models are built using their proprietary V-WARP® TECHNOLOGY, a design and construction philosophy born out of Mark Richards’ experience as an ocean-racing champion and shipwright. This gamechanging technology is a combination of an innovative hull form, superior construction materials, and a highly precise build process. The V-WARP® TECHNOLOGY hull is built and infused with a perfect resin-to-E-Glass unidirectional and multiaxial fibre ratio, resulting in a strong, fast, and efficient hull form. The hull is then fused directly to the carbon fibre structure, bulkheads, deck, and superstructure of the vessel. This contributes to enhancing the overall performance and fuel efficiency of the motor yacht, while significantly reducing CO2 emissions to help pave the way for a much more sustainable future.

THE GAME-CHANGING HEART OF THE V-WARP® TECHNOLOGY

Palm Beach Motor Yachts’ ocean racing-inspired and proprietary V‑WARP® Technology is a game-changing manufacturing approach that redefines performance on the water. At its heart lies a synergy of four key design and construction philosophies; Hull Form, Exotic Materials, Build Techniques and Sustainability.

Together, these four elements deliver superior fuel efficiency. Expect to use less than half the fuel of comparable vessels, without compromising speed and performance.

Designed by ocean racing champion Mark Richards and his expert team, V‑WARP® Technology sets a new industry benchmark for fuel efficiency, performance, and sustainability in luxury motor yachting.

HULL FORM MORE SPEED, LESS RESISTANCE

Enhancing hydrodynamics and performance through advanced underwater geometry

EXOTIC MATERIALS MORE STRENGTH, LESS WEIGHT

Utilising high-grade e-glass, epoxy resins, and carbon fibre to reduce weight and increase vessel strength and resilience.

BUILD TECHNIQUES MORE RANGE, LESS FUEL BURN

Merging reciprocal engineering with weight redistribution to optimise rigidity and balance.

SUSTAINABILITY MORE EFFICIENCY, LESS EMISSIONS

Dramatically reducing CO2 emissions by minimising the fuel and energy consumption required to propel the yacht forward.

FIND YOUR PERFECT PALM BEACH MOTOR YACHT

Experience unmatched innovation, seamless purchasing, exceptional service, and unrivalled customisation with Palm Beach Motor Yachts.

related articles

;