What Latitude Yachts does

Latitude Yachts (legal entity Latitude Construction SIA, registration 44103083581) is a private, full-service custom yacht shipyard founded in 2007 and headquartered at 27 Tvaika Street, Riga, Latvia. The company designs and constructs bespoke luxury motor yachts, sailing catamarans, and superyachts ranging from 12.7m to 98m, employing more than 200 specialists across naval architecture, hull construction, exterior and interior design, and refit services. Its core technology is carbon fiber composite construction using SPRINT™ epoxy materials combined with proprietary trimaran and multihull hull designs — most notably the 53m Galaxy of Happiness trimarans delivered in 2016 and the planned 72m Valkyrie built on Palmer Johnson-licensed trimaran hull technology. Chief Designer Chulhun Park leads an in-house design team, and the firm runs a 1,280+ hour composite-worker training program producing certified Trained Composite Workers.

Latitude Yachts operates a project-based, quote-priced revenue model selling directly to Ultra-High-Net-Worth Individuals, supplemented by yacht broker channel partnerships with Northrop & Johnson, Yachts For Sale, and Blue Coast Yachts, and recurring presence at Monaco Yacht Show, Cannes Yachting Festival, and Korea International Boat Show. Quality is anchored by ISO 9001:2008 certification from Bureau Veritas and per-vessel BV classification. In 2024 the company established Latitude Naval Technologies, a wholly-owned subsidiary extending its composite and multihull expertise into the maritime defense sector through the LNT-27 tactical catamaran for naval security, patrol, EW, and strike missions. With a multi-vessel future pipeline (Laniakea 88ft, Zeon 52m, Venom 52m, Valkyrie 72m, Galaxia 98m) and a high-profile award history (2017 World Superyacht Awards finalist; 2020 World Yachts Trophies Most Futuristic Design), the firm operates in a low-volume, high-ticket commercial structure typical of the custom superyacht segment.

Name

Latitude Yachts

Legal name

Latitude Construction SIA

Website

https://latitudeyachts.eu

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

251–500 employees

Short description

Latitude Yachts is a private, full-service Riga-based shipyard that designs and builds bespoke carbon-composite luxury yachts, sailing catamarans, and superyachts (12m–98m) for Ultra-High-Net-Worth Individuals, and has recently expanded into maritime defense platforms via its Latitude Naval Technologies subsidiary.

Ownership category

akta.pro rank

Product category

Luxury Superyacht Manufacturing

NAICS

Ship Building and Repairing (336611)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Full-Custom Superyacht & Megayacht Manufacturing (IMAJAMAB)

akta.pro secondary industries

Luxury Sailing Yacht Manufacturing (IMAJAMAC), Luxury Motor Yacht Manufacturing (IMAJAMAD), Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI)

Keywords

• Luxury yacht construction
• Custom superyacht building
• Composite yacht manufacturing
• Shipyard refit services
• Maritime vessel design

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Custom Yacht Construction: Design and build of custom luxury yachts to client specifications. Projects include superyachts ranging from 12.7m to 98m in length, with full customization of exteriors, general arrangements, spatial planning and interior design.
2. Shipyard Services: Full-service shipyard offering technical engineering, hull construction, exterior and interior finishing, and refit/repair services. Individual approach with expedited service compared to larger shipyards.
3. Maritime Defense Platforms: Development of advanced marine platforms for security and defense operations through Latitude Naval Technologies, including tactical catamarans like the LNT-27.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Latitude Yachts is a full-service shipyard in Riga, Latvia, that designs and builds custom luxury yachts and superyachts ranging from approximately 20m to 98m using carbon fibre composite materials and proprietary trimaran hull technology. It also offers in-house technical engineering, hull construction, exterior and interior design and finishing, refit/repair services, and has expanded into maritime defense platforms through its Latitude Naval Technologies subsidiary.

Differentiator

Problem solved

Functional benefit

Products and services

• Galaxy of Happiness (53m Trimarans) 53.32m carbon-fibre composite luxury trimaran superyacht built for an UHNWI owner, achieving a top speed of 30 knots and cruising range of 2,300nm at 24 knots, accommodating 6 guests and 6 crew; built to BV (Bureau Veritas) Yacht-Motor-C classification.
• Primavera (60.8m) Completed 60.8m luxury yacht project at Latitude Yachts, among the most known completed superyacht builds in the shipyard's portfolio.
• BB Green (20m) Completed 20m yacht built from a combination of fiberglass and carbon fibre over nearly 30 months of development at the Riga shipyard.
• LANIAKEA (88ft Catamaran) Future 88ft luxury sailing catamaran project under construction at Latitude Yachts, featuring cutting-edge design, innovative features and a focus on comfort for luxury sailing.
• Venom (52m) Future 52m new-build superyacht concept with sleek profile and modern interior, designed by the Latitude Yachts Design Team with Chulhun Park as lead designer.
• Zeon (52m) Future ultra-sleek, sporty 52m new-build superyacht concept designed by the Latitude Yachts Design Team led by Chulhun Park, classified under Bureau Veritas I XHULL • MACMCA LY3.
• Valkyrie (72m) Future 72m superyacht based on Palmer Johnson's copyrighted trimaran hull technology, with below-water-line design by Palmer Johnson Yachts and above-water-line design by Chulhun Park, with steel or aluminium hull and carbon-fibre superstructure.
• Galaxia (98m) Future 98m sophisticated superyacht concept designed to enhance onboard experience, offering aesthetics, amenities, interior and exterior finishes and detailed engineering.
• Sialia Completed yacht project delivered by Latitude Yachts as part of its portfolio of luxury vessel builds.
• LNT-27 Tactical Catamaran Tactical catamaran platform developed by Latitude Naval Technologies for naval security, patrol missions and specialised maritime operations including strike, reconnaissance/EW, mine operations, drone carrier and command & support roles.
• Shipyard Technical Engineering Services In-house technical engineering service provided by Latitude Yachts as part of its full-service shipyard offering, supporting both new-build and refit projects.
• Yacht Refit and Repair Services Full-service refit, repair and finishing work offered by Latitude Yachts as part of its full-service shipyard capabilities, leveraging in-house technical engineering, hull construction and exterior/interior teams.

Quantifiable outcome

• Galaxy of Happiness achieved 30 knots top speed with 2,300 nautical mile cruising range at 24 knots
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• AGL MarineminorStrategic or Co-development PartnerMarine partner with logo displayed on partners section of Latitude Yachts website.
• Blue Coast YachtsminorChannel Partner/ Reseller/ DistributorYacht broker partner with logo displayed on partners section.
• Palmer Johnson YachtscoreStrategic or Co-development PartnerPalmer Johnson Yachts supported Chulhun Park's thesis project and holds copyright on trimaran hull design used in Valkyrie project. Below-water-line design provided by Palmer Johnson Yachts, above-water-line designed by Chulhun Park.
• Northrop & JohnsoncoreChannel Partner/ Reseller/ DistributorInternational yacht broker engaged to market new superyacht projects through Northrop & Johnson.
• Yachts For SalecoreChannel Partner/ Reseller/ DistributorYouTube channel partner collaboration featuring Latitude Yachts projects; David Seal from Yachts For Sale produces video content about Latitude vessels.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Lürssen: German family-owned megayacht builder delivering the world's largest custom superyachts. Overlaps in full-custom build capability and UHNWI clientele, but operates at materially larger scale with much broader portfolio of 80m+ vessels.
• Oceanco: Dutch builder of large custom superyachts (often 80m+). Comparable fully custom, owner-driven build process and premium positioning; broader scale and longer delivery track record.
• Feadship: Dutch luxury custom superyacht builder (Royal De Vries and Royal Koninklijke) with comparable fully custom build model and premium client base. Established incumbent with broader portfolio and longer backlog of 60m–100m+ projects.
• Royal Huisman: Dutch custom sailing and motor yacht builder (typically 40m–60m+). Comparable bespoke build model, premium UHNWI positioning and in-house engineering; competes for the same niche custom sailing-yacht buyers Latitude targets with projects like Laniakea.
• Heesen Yachts: Dutch builder of all-aluminium superyachts in the 50m–80m+ segment. Comparable custom build approach and UHNWI client base; competing for similar-sized commissions as Latitude's mid-range superyachts.
• Benetti: Italian luxury motoryacht megabuilder (Azimut|Benetti Group) building fully custom superyachts in similar 50m–100m+ size range. Comparable UHNWI customer base and full-custom design-and-build model, but at significantly larger scale and broader portfolio.
• CRN (Ferretti Group): Italian builder of fully custom steel-and-aluminium superyachts in the 60m–90m+ range. Comparable full-custom build model and UHNWI clientele; competing for similar premium superyacht contracts as Latitude's larger projects (e.g., Galaxia).

Direct peers

• Sunreef Yachts: Polish luxury catamaran and multihull superyacht builder with comparable composite construction expertise, custom UHNWI sales model and international boat show presence — directly competitive in the sailing catamaran/multihull segment where Latitude is also active (e.g., Laniakea).
• Damen Yachting: Dutch superyacht and naval vessel builder. Closely comparable because Damen combines luxury custom yacht builds (SeaXplorer, Amels) with serious defence/government naval construction — directly relevant to Latitude's combined superyacht + Latitude Naval Technologies strategy.
• Palmer Johnson Yachts: US/Monaco-based luxury performance yacht builder and Latitude's strategic partner on trimaran hull design (Valkyrie). Comparable custom superyacht positioning and high-performance composite pedigree; partially overlapping customer base of wealthy performance-yacht buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LatitudeYachts
• Facebookfacebook.com/latitudeyachts

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latitude Yachts