history of grand banks yachts

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Grand Banks – The Beginning

Posted by Waggoner Guest | Sep 18, 2018

Grand Banks – how it all got started.

Marketing departments love legend. What better way to instill a sense of value in a product than a story of an inspired young person studying naval architecture in the evenings while apprenticing with a master shipwright during the work days? Of course, after 15, 20, or 30 years of perfecting his or her knowledge and craft, the founder has a predictable epiphany. He or she realizes there is really only one way to build a superior boat, and, “the result is the world renowned line of Pileknocker Yachts.”

Sometimes, the truth is far more entertaining than the legends. I recently did some research on the founding of American Marine, the firm that ultimately evolved into Grand Banks. What I discovered demonstrates an important principle. You don’t need a nearly miraculous back story to build a very fine boat. From a modest beginning, Grand Banks has earned an admirable reputation for premium quality. By the same token, all the marketing hype in the universe won’t improve a mediocre or cut-corner build.

The founder of American Marine did not begin business as a professional boat builder. Back in the 1950s, Mok Cheong Street ran parallel to the runway for the Hong Kong International Airport. “Mok cheong” means “woodworker” in Chinese, and a number of master joiners and finish carpenters did business in the district. There was also a Bireley’s soft drink bottling plant on the same street. The manager of the plant was an American, Robert Newton.

Newton noticed an empty lot, immediately next to the area where the Bireley’s delivery trucks parked every night. The lot featured water access to Junk Bay. (A location that could prove to be commercially humorous).

After considering a variety of applications for the property, Newton concluded that the shoreline location, along with a plentiful supply of highly skilled woodworkers, suggested that boat building would be a nearly ideal use.

Waggoner Guest

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Grand Banks – A Brief History

A Brief History Of Grand Banks and American Marine   (by Robert M. Lane)

If the boat named Spray were to motor slowly through an anchorage today it would turn heads in admiration and generate at least a million inquiries: What is it? Who built it? That straight stem and the beautiful sheer line would seem familiar to some. Others would find a teasing hint in the shape of the forward trunk cabin, with its teak trim and grab rails. The boxy saloon, with workboat windows, wouldn’t quite fit the mental picture of a yacht some observers would be forming. But then its perfect wood construction, the wire lifelines and stout stanchions, and the big cockpit would ring bells. What the heck is it? It’s a Grand Banks – and it isn’t.

In 1962, Robert J. Newton and his sons, John and Whit, were running a custom boatyard on Junk Bay in Hong Kong called American Marine, Ltd. Father and sons built heavy sailboats and big motor yachts, to designs by the world’s top marine architects – Sparkman & Stevens,William Garden, Nat Herreshoff, Ray Hunt and others. That year they commissioned Kenneth Smith, another well-known marine architect, to designa 36 foot, diesel-powered cruising boat. Spray was launched in 1963 and a year later the Newtons abandoned their custom yacht building to focus on producing the first of a line of boats that would be known as Grand Banks.  Even before Spray, however, there was the Chan tyman that American Marine built of wood in its Hong Kong yard.

Diesel-powered, the 34′ 6″ boat had a raised pilothouse, high bulwarks and softer hull lines (no hard chines). It was unlike Spray or the 36GBs that would follow, but Chantyman certainly was a design that introduced the concept of a production trawler-type yacht to the boating world.

few of the Chantyman line are still cruising, and every time one shows up at a Grand Banks rendezvous, everyone again asks, “What the heck is that?” Spray was the prototype of the line that would succeed. With some changes, such as a larger saloon and the addition of a flying bridge, its successor became the craft that sold the world’s boaters on a finely built, eight-knot trawler (although today’s GBs may be fitted with engines that make them run much, much faster). The general styling of the GB was seized by a score of other builders for fleets of look-alike yachts sold under dozens of names, but which could not match the quality of construction for which American Marine was famed.

Since 1965, the first model year, 1,124 of the 36GBs have been built by American Marine, first in wood at the Junk Bay yard and then, beginning in 1974, of fiberglass at a new factory in Singapore. (A footnote for history: American Marine made the switch from wood to fiberglass without telling its dealers or the public. It came as one big surprise to a boating world still somewhat suspicious of fiberglass.)

The GB36 is not being built this year, partly because of market demand for larger boats, which yield better profits. But American Marine says GB36 production will resume in 1999 and that the company is considering several improvements to the classic yacht, as well as “production steps” that will make it more profitable.

The 32GB, of which 861 were built, is out of production for similar reasons. Don’t expect it to come back, however.

Although Grand Banks yachts have maintained the same classic hull design from the beginning, variety has also been an important part of the history of American Marine. In the late 1960s and early 1970s, it built a line of pilothouse yachts called Alaskan. They ranged in size from 45′ to 55′, but production ceased after the 1973 model year when American Marine switched to a fiberglass construction. (Another footnote for historically fastidious: The 45′ Alaskan was a stretched 42′ and did not have a pilothouse. But it did have a flying bridge, which are found on only a few Alaskans.)

In 1971, American Marine designed and built a hot and luxurious express cruiser called theLaguna that was a haringner of the less-teak-is-better movement. There were two models, a 10 meter (33′) and an 11.5 meter ( a 38′ speedster priced at $72,000 in 1972). Both were powered by turbocharged V8 diesels (each with a fiberglass sound shield) that gave them a cruise speed of about 24 knots and a full-throttle rush to 30. The design may have been too radical for the market, as some believe. But its early demise after good sales for several years (171 boats) probably came more from potential buyer’s fear that they couldn’t find or afford diesel fuel for the thirsty engines. After all, they were introduced about the time an oil embargo sharply reduced the flow of gasoline and other fuels to the U.S., leaving motorists in gas station lines that were blocks long and sending pump prices soaring beyond belief.

As the economy staggered and interest rates reached into double digits, business expansion faltered and Laguna production ceased. Simultaneously, however, the world’s trawler builders, including American Marine, were praising the fuel economy of a low horsepower, single engine boat that could run a seson on a tank of diesel fuel. The Laguna died, while the trawlers kept chugging along, powered by thrifty Ford Lehman, Perkins, GM and John Deere diesels.

American Marine would later revive the express boat in 1993 with introduction of the 38′ Eastbay, a fast Ray Hunt-designed yacht powered with a pair of powerful Cat diesels. Once again, other builders copied success and introduced similar express cruisers to the boating market. Fuel supply or cost don’t concern go-fast boaters. The company was growing quickly, too quickly perhaps, in the early 1970s. It owned part or all of 33 dealerships worldwide and was involved in a number of business alliances, including a joint venture to produce a marine version of the John Deere diesel, the AmMarine. As the boating industry crumbled under the weight of soaring fuel prices and double digit interest rates, American Marine was soon facing bankruptcy. In 1975, control passed to a group of investors headed by Bob Livingston, who continues as chairman today.

American Marine is traded on the Singapore market under the name of Grand Banks Holdings,Ltd. It is difficult for U.S. residents to buy stock in the company, but some banks and brokerages will accept orders for stock on the Singapore exchange. And, by the way, Spray continues to cruise today. She’s on the Great Lakes now and every time she motors into a moorage someone probably asks, “What the heck is that?”

Reprinted PassageMaker Fall 1998

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Navigate a bit of Grand Banks Yachts History

Back in the 50’s, Robert Newton and his two sons started a small boat-building venture in a little shed in Junk Bay along the Hong Kong waterfront. By 1962, they were running a custom boatyard they called American Marine, Ltd.  Father and sons built heavy sailboats and big motor yachts designed to specifications by the world’s leading marine architects.

Their desire for pioneering design, craftsmanship and beauty was exhaustive from the beginning, and has continued through the company to this day.

The company commissioned Kenneth Smith, another well-known marine architect, to design a 36’ diesel-powered cruising boat.  Spray  was launched in 1963, and was the prototype of the line that would succeed. One year later, the Newtons abandoned their custom yacht building to focus on producing that specific line of boats that would become part of Grand Banks Yachts.

After some changes to finesse the design, such as a larger salon and the addition of a flying bridge, its successor became the vessel that excited all the world’s boaters on a finely-built, 8-knot (at the time) trawler.

The general styling of the Grand Banks Yachts was mimicked by a score of other builders for fleets of look-alike yachts sold under dozens of names, but which could not match the quality of construction for which American Marine was famed.

In the 60s Harvey Halvorsen became the company designer, and in 1975 he formed a joint venture between Lars Halvorsen Sons Pty. Ltd. and the former general manager of American Marine Company to design, build and market a new range of pleasure boats worldwide. The company was called Kong & Halvorsen Marine & Engineering Company, Ltd.

Through the 60s and 70s, Tony Fleming served as the technical director. While there, Tony helped introduce the highly respected Alaskan series of raised pilothouse yachts.

Fast forward a few decades later, and in 2014, the company acquired Palm Beach Motor Yachts, with combined expertise resulting in a singular pursuit of perfection, beauty and performance.

Today, technology helps hone even more precise detailing. Grand Banks yachts and the character they represent appeal to discerning customers who have a passion for the water.

One could say the company hasn’t just led the yachting industry; they’ve changed it by introducing two popular vessel genres—cruising trawlers and Downeast express cruisers—forever altering how yachtsmen spend time on the water.

This Grand Banks history lesson tells the tale of a company that chartered its way through history with an unaltered course embodying style, grace and precision. Any Grand Banks Yacht owner would agree.

Check out the line-up of Grand Banks Yachts we have for sale or charter by calling toll-free 1-800-826-1430 or locally 1-360-676-1248 .

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Grand Banks

Offering three lines of composite luxury yachts featuring traditional nautical styling and offshore capability, Grand Banks Yachts is headquartered in the U.S. Pacific Northwest.

Grand Banks’ genesis was with a company called American Marine, founded in 1956 by Robert J. Newton and his sons, John and Whit, in Hong Kong. American Marine built custom luxury yachts designed by noted naval architects.

In 1962, the Newtons commissioned naval architect Kenneth Smith to design an 11-metre, diesel-powered cruising motor boat with workboat lines called Spray. This yacht, which formed the prototype for the classic Grand Banks cruiser, was so successful that starting in 1963, the family focused on building the Grand Banks line. At first, they built their boats of wood in Hong Kong, then a decade later, began composite production in a new shipyard in Singapore. Now known as the Grand Banks Heritage Series, these models range from 13 to 16.45 metres.

In 1993, Grand Banks launched its East Bay Series of luxury yachts based on the design of a traditional Maine lobster boat. Today, the East Bay series ranges from 13.7 to 16.8 metres. Then, in 2001, Grand Banks introduced its Aleutian Series of Raised Pilothouse motor yachts in order to satisfy the demand from owners of smaller Grand Banks yachts ready to move up in size. The Aleutian luxury yachts range from 16 to 23 metres.

Notable Yacht

The Aleutian 76 RP is Grand Banks’ flagship Raised Pilothouse luxury yacht. Designed with traditional nautical exterior lines and a semi-displacement hull, this versatile motor yacht is capable of cruising at speeds of up to 30 knots or voyaging at a range of nearly 2,000 kilometres. Its layout includes a flybridge and spacious bridge deck up to four staterooms.

Specialisations

Grand Banks offers high quality new luxury yachts built with advanced composite construction. The shipyard is known for its fine woodworking and craftsmanship, and its attention to detail.

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Not Your Father’s Grand Banks

• By Kevin Koenig
• Updated: November 28, 2017

For the Grand Banks 60, I came a long way. Thirty-nine-thousand round-trip air miles to be exact, spread out over a flight to the builder’s factory in ­Johor Bahru, Malaysia, and another to the 50th annual Sydney International Boat Show in Australia, where I put her through her paces. In Malaysia, the Grand Banks brass spoke with ace-in-the-hole confidence about how the unfinished vessel was going to change the course of Grand Banks’ history — a dramatic statement indeed. In Australia, I found out exactly what they meant. The yacht — flush with carbon fiber and enviable performance data — represents a turning point for the famed trawler manufacturer. And as I cruised the coast just off Sydney’s rugged headlands, I came to a realization: Grand Banks had come a long way too. As you can see throughout these pages, the sturdy lines that have made Grand Banks an iconic brand for years remain intact. The 60 is, however, a bit sleeker than the classic 42s you grew up watching poke down the Intracoastal Waterway. Her superstructure is ever so slightly more raked, her long bow is less bunched, and her windows are tweaked back just a smidge — but the bones are still there, aesthetically speaking at least.

This yacht’s actual bones, though, the stuff she’s made of, represent one of the more interesting leaps a manufacturer has taken in recent memory. The 60’s superstructure is vinylester-resin-infused carbon fiber, versus the builder’s usual use of fiberglass. Mark Richards, founder of Palm Beach Motor Yachts (which Grand Banks acquired in 2014 before naming him CEO) dreamed up the idea. Richards has a serious pedigree in competitive sailing, and his powerboats take cues from that world. The 60 is a case in point: He’s not afraid to put a significant amount of carbon fiber on a boat. (Another example is the 60’s warped-hull design with varying degrees of deadrise and a small keel, but more on that later.)

AFTER THE PARTY Perhaps not surprisingly, given that my test yacht was built for an Australian owner, its galley was aft. A standard placement in his part of the world, the location gives the chef good access to the cockpit. (Australians aren’t known for staying indoors, especially while on the water.) An aft-facing electric window, one of three on the 60’s main deck (the others are to port and starboard), opens to let in cool breezes and keep the cook engaged in cockpit conversations. For owners who prefer a different layout, Grand Banks has a forward galley option with slightly more space for indoor entertaining.

The decision to use carbon fiber in the yacht’s superstructure created multiple advantages, according to Grand Banks. It lowers the 60’s center of gravity, which keeps the yacht steadier in rolling seas. It also keeps the 60 relatively lightweight: The 66-foot-10-inch yacht displaces 63,900 pounds, reducing fuel burn and increasing range. With straight-shaft 900 hp Volvo Penta D13s (725 hp D11s are standard), the yacht cruises at 20 knots and burns a measly 34 gallons per hour. With the optional twin 900 hp Volvo Penta IPS1200s, the 60 can make 2,500 nautical miles at 10 knots. Her trawler heritage is evident.

Grand Banks has not traditionally been known for building speedy vessels, but when I pushed down the throttles and trimmed my test boat in the gently rolling 3s and 4s of the Tasman Sea outside Sydney Harbour, she nudged just past 30 knots to 30.6. Someone standing behind me whooped when the number came up, and I don’t blame him. This was not a sight many yachtsmen thought they’d ever see aboard a Grand Banks. And remember, that 30.6 number was on a hull with those D13s. With the IPS1200s, Grand Banks says it’s seen 36 knots.

Even at top speed, the 60’s ride was smooth and confidence-inducing. And interestingly, the fine-entry hull, which Richards perfected at Palm Beach, barely throws a wake. It’s an act of nautical ninjutsu that has mesmerized me over the years as I’ve tested Richards’ hulls. The water simply peels past those deadrise variances (there’s a mere 8 degrees at the transom) and then dissipates.

The sturdy lines that have made Grand Banks an iconic brand remain intact in the 60. She is, however, a bit sleeker than the classic 42s you grew up watching poke down the Intracoastal Waterway. and with the Volvo Penta IPS1200 engine option, she reportedly hits 36 knots.

Performance is important, but it’s only one aspect of boating. Grand Banks has long been known for a certain style to its exteriors and interiors, and the 60 is an evolution, versus a revolution, of that reputation. The first thing that struck me was the optional full-teak transom. It’s simply gorgeous. I actually wrote “the transom is gorgeous” twice, in separate parts of my notebook. There’s more teak on the fixed swim platform (a Steelhead Marine ES1000 davit on the flybridge handles tender-launching duties), which provides access to an in-transom Kenyon grill and cooler.

HOWE YOU DOIN’? Long rumored to be inhabited by descendants of the notorious HMS Bounty mutineers, Lord Howe Island is the largest of the 28 volcanic islands, islets and rocks that make up the UNESCO World Heritage Site known as the Lord Howe Island Group. The location was once a supply port for whaling ships, but tourism has largely been the main industry since the end of World War II. The island is nestled about halfway between Australia and New Zealand. This stark remoteness is a key reason why many of the plants and animals on Lord Howe Island can’t be found anywhere else in the entire world.

My test yacht’s interior had a distinctly old-school panache, perhaps no surprise considering that Grand Banks is a favorite brand among sailors joining the powerboat realm. High-gloss and matte teak, both with exemplary joinery, accented the minimalistic, cream-colored upholstery. The indoor helm to starboard had both a teak wheel and a teak dash, as well as twin 17-inch Garmin screens, a Twin Disc Express Joystick System and Twin Disc QuickShift controls. A door lets the captain easily reach the starboard-side deck, and that joystick is within reach once he’s out there, making for easier docking.

Down below, the en suite amidships master had an athwartship king-size berth, a separate compartment aft that had a hanging locker with 6 feet 4 inches of vertical space, and 10 cabinets and drawers. Even on long journeys, the owner won’t lack for clean shirts.

The forepeak VIP’s arrangement was much more unorthodox, a setup that hinted at Grand Banks’ ability to customize, and something more unexpected. There was a queen berth — normal enough. But then there were twin bunks to each side, ­lofted above the queen. The guest stateroom to starboard was also creatively designed with a twin berth facing forward in its own compartment, and then ­another compartment aft and perpendicular to that one with another twin. It’s unconventional and almost looked like — could it be — a fish-boat layout?

Turns out that’s exactly what it was. The owner likes to take his buddies on adventures to Lord Howe Island, approximately 500 miles east of Sydney, where they fish for “kingies” (the colloquial name for yellowtail kingfish, prized for making sashimi).

With or without those particular guest accommodations, Grand Banks says, the 60 has become popular with gentlemen anglers, largely thanks to her speed. Hull No. 3 even has outriggers, a truncated cockpit overhang and an aft helm station up top.

You could color me surprised, but I suppose stranger things have happened, like, for example, a trawler-style Grand Banks shooting through the water at more than 30 knots. The world will never cease to surprise, no matter how well you’ve traveled it

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Grand Banks Downeast Motor Yachts

For over half a century, Grand Banks Yachts has been at the forefront of the luxury yacht industry, producing boats of exceptional quality and design. With their impeccable craftsmanship, attention to detail, and commitment to customer satisfaction, Grand Banks Yachts has become a trusted name in the boating world.

Grand Banks FEATURED MODELS FOR SALE

2023 Grand Banks GB54

2023 model Grand Banks GB54 “HIGHPOINT II” is an outstanding, highly maintained in AS-NEW GB54 available today! HIGHPOINT II features a fantastic two stateroom, two head, galley down layout with forward master and twin guest stateroom. She has a wonderful open salon layout with seating to port and starboard, 2 STIDD Helm chairs at lower helm w/ second helm bench across looking over the open galley. Three (3) large power windows (port, stbd and aft) open the salon space with natural light and breezes. The aft window offers an easy pass through to the cockpit when desired. HIGHPOINT II is powered by Volvo D11’s 725hp shaft drive with extended warranties effective until 04 Apr 2028 or 2,000 hours, bow and stern thruster, Humphree active Fin Stabilization System and Garmin Glass Cockpit Navigational system w/ open array radar and autopilot & much more! She cruises comfortably around 25 knots with a top end at about 30 knots. The GB54 features the fantastic V-Warp technology designed hull and construction unique to the brand, which provides an efficient and stable ride. HIGHPOINT II range approximately 1,000 miles at 10 knots! She is truly an outstanding long range cruising yacht with express capabilities and many features and benefits which makes her the ultimate versatile cruising yacht under 60’!

All Used Grand Banks Yachts For Sale

Grand Banks History Committed To Quality

Founded in 1956, Grand Banks Yachts first gained recognition for their classic wooden boats, which were known for their elegant lines, comfortable interiors, and seaworthiness. The company's wooden boats were built to last, and many of them are still sailing today, a testament to the company's commitment to quality. In the 1970s, Grand Banks Yachts shifted to producing fiberglass models, which enabled them to offer a wider range of designs and sizes. Today, the company produces both fiberglass and aluminum models, ranging from 43 to 85 feet in length.

Despite the shift to new materials, Grand Banks Yachts has retained its commitment to traditional boatbuilding techniques and quality. Each yacht is hand-built by skilled craftsmen, who take pride in their work and pay attention to every detail. From the woodwork to the wiring, every aspect of the boat is meticulously crafted and inspected to ensure that it meets the company's exacting standards.

Popular Grand Banks Models

Grand Banks has been building yachts for over 60 years and in this time has offered many different models ranging in size from 36 to 85 feet. Their current lineup of new yachts consists of the Grand Banks 54, 60, and 85, as well as the Eastbay 44 and 60. There are also several models that have been discontinued but are still very popular on the pre-owned brokerage market.

Grand Banks 85

The GB85 is the largest yacht built by Grand Banks, and an amazingly fuel-efficient vessel. She combines sophistication, practicality, modernization, and luxury altogether for a phenomenal yachting experience enjoyed by all. By utilizing the most advanced construction techniques they have created a vessel that is lighter and travels longer while maintaining the build quality and comfort that makes Grand Banks highly desirable.

Grand Banks 60

The GB60 was launched by Grand Banks in 2016 and is a revered member to what is a fantastic lineage of long-distance cruising vessels. She provides a spectacular showcase of what sets Grand Banks apart from the rest of the cruising world. At the first glance you will stop and stare at the beauty of her distinct lines and V-Warp hull. Featuring a combination of high tech and high style, she provides a world of luxury and state-of-the-art technology in concert. With the ability to cover over 200 nautical miles at 10 knots she makes long range cruising a breeze.

Grand Banks 54

The GB54 follows suit of its predecessor and bigger sister, the GB60. Launched in Spring 2020, she has already made quite a splash in her first few years. She provides another iteration of a fantastic combination of luxury, performance, practicality, and efficiency. The commitment that Grand Banks makes to quality construction and the highest standards is very much evident in the GB54, which cruises comfortably and won’t shake or rattle even when the seas are rolling.

Giving life back to downeast style yachts and reinvigorating the spirit of yachting, the EB 60 is the flagship of the Eastbay line by Grand Banks. With cruising capability and top of the line amenities, she relishes the effort put forth by the competition. Eastbay owners past, present, and future will be proud of the direction Grand Banks has gone with this line.

The Eastbay 54 was quite the spectacle in her prime, being one of the most highly regarded downeast express yachts in her class with a deep-vee hull, substantial weight, and Grand Banks high quality build standards combined with Ray Hunt's fantastic design.

The predecessor to the 54, the Eastbay 49 set the standard for the Downeast style yacht. She offered a combination of seaworthiness, comfort, performance, and style that could not be matched by any other manufacturer.

Continuing with the quality and craftsmanship of Grand Banks, the Eastbay 46 brought an elegant and sporty component to the Eastbay brand. Veering away from the direct drive and towards the pod drive system which, at the time, was a new and innovative approach to enhancing maneuverability and performance. The 46 continues to be a popular and respected yacht on the pre-owned brokerage market.

The EB44 is a perfect combination of traditional and modern from bow to stern. Launched in 2015, she has been turning heads ever since. She presents a wonderful rush at a cruising speed of 25 knots and top speed of 33 knots, all while still maintaining that amazing fuel efficiency due to the construction materials and design that all Grand Banks models are known for.

Grand Banks vs. Eastbay Yachts

Grand Banks and Eastbay are both high-end yacht brands made by Grand Banks. While they share some similarities, such as their classic yacht styling, reputation for quality, craftsmanship, and innovation, there are also some notable differences between the two brands.

Grand Banks is a brand that has been around since 1956, and they are known for their classic motor yacht designs, exceptional seaworthiness, and quality craftsmanship. Grand Banks yachts are typically larger, with sizes ranging from 42 to 85 feet, and they are often built to order with a range of customizable options. Grand Banks yachts are designed for long-range cruising, with features such as large fuel tanks and spacious living areas.

Eastbay is a brand that was launched by Grand Banks in 1993 as a more performance-oriented line of yachts. Eastbay models are typically smaller compared to Grand Banks models, with sizes ranging from 38 to 60 feet, and they feature sleek, modern designs with a focus on speed and agility. Eastbay yachts are designed for day trips and short-range cruising, with features such as lightweight construction and powerful engines.

Grand Banks Features & Highlights

Grand Banks and Eastbay yachts are known for their exceptional quality and design, with features and amenities that make them comfortable and practical for long distance cruising and extended stays on board.

Classic Motor Yacht Design & Style

One of the hallmarks of Grand Banks Yachts' boats is their timeless design. While the company has embraced new technologies and materials, they have also retained the classic lines and styling that have made their boats so popular over the years. A Grand Banks yacht is a thing of beauty, with its sweeping curves, teak decks, and elegant interiors.

Seaworthiness

Grand Banks Yachts are known for their seaworthiness, with hull designs that are optimized for stability and performance. The boats are built to handle a wide range of sea conditions, making them suitable for extended cruising.

High Quality Construction & Finishes

Grand Banks Yachts are built to last and are respected for their quality building methods and use of high-quality materials such as teak, mahogany, and other luxury finishes. The company's skilled craftsmen pay attention to every detail, ensuring that every aspect of the boat is meticulously crafted and inspected to meet the company's exacting standards.

Spacious Living Spaces

Designed for serious cruising, these yachts have living spaces that are carefully designed to maximize comfort and functionality. Aboard a Grand Banks you will find galleys that are well-equipped with top-of-the-line appliances and fixtures, heads that are spacious and luxurious, as well as plenty of storage, seating, and sleeping areas.

Customizations

Grand Banks Yachts offers a variety of customizations, allowing customers to personalize their boats to suit their individual preferences and needs. Whether it's a custom interior layout, a special paint color, or a unique feature, Grand Banks Yachts works with customers to ensure that their boats are exactly what they want. As a result, each yacht is unique in its own way. Even if you are purchasing a pre-owned Grand Banks, you can be sure that certain design elements and features will be unlike any other luxury motor yacht on the water.

Where Are Grand Banks Yachts Built?

Grand Banks has been building yachts in Malaysia since the 1990’s and their manufacturing facility is known for its skilled craftsmen, modern technology, state-of-the-art equipment, and rigorous quality control process to ensure that each yacht meets their exacting standards before it is shipped to its destination. Grand Banks Yachts also has offices in the United States, Europe, and Australia, where it provides sales, service, and support to customers worldwide.

Alternatives to Grand Banks Yachts

There are several alternatives to Grand Banks Yachts that offer similar quality, craftsmanship, luxury, and style. Some notable brands include:

Each of these brands are different in their own way, offering various sizes and styles, as well as models intended for different purposes: from downeast style yachts that are ideal for day cruises, to classic style motor yachts meant for long distance cruising. Depending on your specific needs and preferences, they all may be worth exploring if you are searching for a possible alternative to a Grand Banks yacht.

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Time Machine

The launch of the GB60 marks the moment when the past caught up with the future – our history of luxury and style was re-imagined with state-of-the-art manufacturing technology. The result is a long-distance cruiser that is the most fuel-efficient in its class, capable of a high cruise speed (80%) of 22 knots and a range of over 2000 nautical miles at 10 knots. Exceptionally comfortable on board while uniquely comfortable on the water, the GB60 is truly a game changer.

Cruise Speed

Cruising range.

CUTTING EDGE

The sharp lines of our proprietary V-Warp hull ensure that the GB60 has the softest ride imaginable in all conditions. Inspired by the ocean racing yachts on which our CEO has forged an illustrious career, the V-Warp is the lightest, strongest and fastest hull on any long-distance cruiser of this size. The combination of fine entry and 8 degree deadrise at transom delivers stability, manoeuvrability and unsurpassed fuel economy as she cuts effortlessly through the waves instead of clambering up and over them.

Hi-Tech, High Style

While family and friends kick back and enjoy the lavish amenities of the GB60, the helmsman will be enjoying a similarly relaxing time. On the direct drive option, the combination of twin-disc electronic controls and express joysticks delivers a phenomenally smooth response on open waters and fingertip handling at low speeds – essential for navigating crowded marinas and narrow slips. In tricky conditions, the Express Positioning system can lock onto your GPS co-ordinates and hold you rock steady while you attend to other matters on board.

It’s another world!

We’re not mass manufacturers, we’re craftsmen. Each boat is a collaboration between our designers, technicians and customers. Your GB60 will reflect your values, taste, needs and style – designed for day trips as well as long-distance cruising, it can be your world for weeks on end. But it will also reflect our values. As detail fanatics, we use only the finest book matched teak, the most luxurious fabrics and premium quality components, many of which we make ourselves.

INTERESTED IN THE GB60?

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Yahoo Finance

Grand banks yachts limited (sgx:g50) stock has shown weakness lately but financials look strong: should prospective shareholders make the leap.

Grand Banks Yachts (SGX:G50) has had a rough month with its share price down 10%. However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on Grand Banks Yachts' ROE.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

View our latest analysis for Grand Banks Yachts

How To Calculate Return On Equity?

ROE can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Grand Banks Yachts is:

18% = S$13m ÷ S$73m (Based on the trailing twelve months to December 2023).

The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each SGD1 of shareholders' capital it has, the company made SGD0.18 in profit.

What Has ROE Got To Do With Earnings Growth?

So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

A Side By Side comparison of Grand Banks Yachts' Earnings Growth And 18% ROE

To begin with, Grand Banks Yachts seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 6.3%. This certainly adds some context to Grand Banks Yachts' exceptional 30% net income growth seen over the past five years. We reckon that there could also be other factors at play here. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.

We then compared Grand Banks Yachts' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 13% in the same 5-year period.

Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Grand Banks Yachts fairly valued compared to other companies? These 3 valuation measures might help you decide.

Is Grand Banks Yachts Using Its Retained Earnings Effectively?

Grand Banks Yachts has a really low three-year median payout ratio of 20%, meaning that it has the remaining 80% left over to reinvest into its business. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

Besides, Grand Banks Yachts has been paying dividends over a period of six years. This shows that the company is committed to sharing profits with its shareholders.

On the whole, we feel that Grand Banks Yachts' performance has been quite good. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Not to forget, share price outcomes are also dependent on the potential risks a company may face. So it is important for investors to be aware of the risks involved in the business. Our risks dashboard would have the 2 risks we have identified for Grand Banks Yachts.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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