The 88.8-metre superyacht Illusion, which broke cover in April, is being prepared at the newly rebranded Pryde shipyard on China’s Yantai peninsula for a 2015 launch – and the yard has announced plans for an even bigger yacht, the 115-metre Estatement (shown below), which is being unveiled as a concept at the Monaco Yacht Show next month.

The Pryde yard is a rebranding of CIMC Raffles Yacht Ltd, owned by China International Marine Containers (CIMC), a global, $11 billion enterprise. “Pryde will greatly benefit from its close ties with its parent company CIMC and expects to be able to operate as a fully fledged player in the global yacht-building industry,” says Itay Simhony, the shipyard’s director.

Illusion – currently China’s biggest-ever superyacht – boasts an interior by Sinot Yacht Design, and is currently for sale through Fraser Yachts. “Illusion is the result of close co-operation between experts from Europe, the USA, Australia, New Zealand and Asia. They developed this yacht with world-class consultants and designers, paying meticulous attention to Pryde’s exacting standards. The result is a yacht that meets European standards, while maintaining competitive prices,” says Simhony.

Contact: Jan Jaap Minnema, Fraser Monaco. Tel: +377 93 100 450.