From routine maintenance to fixing blown motors and electrical equipment the annual cost can be extravagant but is part and parcel of owning such an expensive toy.

How much does it cost to maintain a superyacht. How Much Does an 80 Foot Yacht Cost to Own. This does not even account for maintenance costs either. It is outliers like these that increase the price average for yacht owners perhaps scaring potential owners when they start their research.

As the largest crew agency in the world we know crew. Using their most recent article as a guide a crew of 8 full-time crew on a 150 yacht will cost over 650000 per year in salary alone. While yacht captains and engineers typically make 750-900 per ft per year mates deck hands and stewardess typically make 20-50 less depending on the experience they bring to the yacht team and demands of the yachting program.

Maintenance Repairs. To cover the running and maintenance costs of a super yacht it is recommended that some 10-12 of the purchase cost is allowed. For a superyacht such as the Azzam which cost around 600 million that equates to around 60 million a year in operating and maintenance costs to keep the superyacht in tip-top condition.

The largest yachts have been. Towergate estimates that annual dockage fees run for 350000 insurance averages 240000 and maintenance and repairs can be in the millions as. For a moving superyacht youll be spending about 2000 an hour to cruise at around 18 knots.

This means a cruise of 12 hours will cost you approximately 24000. So do the math. With over 200 slips some of which can accommodate a 250-foot superyacht and state-of-the-art Marinetek concrete floating docks the cost is much higher.

In general superyacht owners should budget to pay around 10 of the vessels purchase price in annual running costs each year. The cost of storing a 60-foot cruising yacht is about 2650 per month or 44 per foot plus utilities. Using the same example of a 60-foot cruising yacht the cost of storage is approximately 2650 per month or 44 per foot plus utilities.