Offshore Yachts

What Offshore Yachts does

Offshore Yachts (Offshore Yard Pvt. Ltd / Offshore Maldives Pvt. Ltd) is a Maldives-based, vertically integrated boat builder founded by Ibrahim Moosa-suja and Aslam Ibrahim, with manufacturing facilities established in Alifushi, Raa Atoll in 2007 and operations running from 2010. The company designs, builds, and services vessels for the Maldivian tourism and fishing industries from a 45+ person workforce, with an in-house metal workshop, carpentry shop, and upholstery line supporting custom builds across hull sizes from 21 ft fishing skiffs up to the 85 ft Pilothouse luxury yacht.

The product portfolio spans fishing and excursion boats (21 Pro, 23 Pro, 25, 26 BR, 27, 32, 34 Silent Hunter, 36 Pro, 42), a passenger ferry (43), a 45 dhoni, and the 85 Pilothouse luxury yacht. Core technology is hand-laid GRP construction with advanced hull engineering — the company claims to have built the first stepped-hull boat in the Maldives — combined with stainless steel argon welding and custom upholstery. Vessels integrate conventional marine electronics such as Simrad navigation and NMEA networking. The company also offers maintenance, repair, and design services alongside new builds.

The business model is project-based custom manufacturing with quote-based pricing in Maldivian Rufiyaa (MVR) and USD. Go-to-market is direct B2B sales to Maldivian resort operators, excursion providers, and a small base of private buyers, with named customers including Hurawalhi, Kuredu, Komandoo, and Veligandu resorts. Revenue is non-recurring by build, with no disclosed subscription, financing, or recurring-service revenue model. The stated capability to ship vessels internationally suggests latent geographic optionality, though no active foreign-market sales effort is documented.

Name

Offshore Yachts

Legal name

Offshore Yachts Private Limited

Website

https://offshore.mv

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Offshore Yachts is a Maldives-based, vertically integrated boat builder designing and manufacturing custom GRP fishing, excursion, ferry, dhoni, and luxury yacht vessels (21 ft to 85 ft) primarily for the country's resort and tourism operators.

Ownership category

akta.pro rank

Product category

Boat Building and Marine Vessel Manufacturing

NAICS

Ship Building and Repairing (336611), Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Full-Custom Superyacht & Megayacht Manufacturing (IMAJAMAB)

akta.pro secondary industries

Luxury Yacht Hull & Superstructure Fabrication (Composite/Aluminum/Steel) (IMAJAMAG), Yacht Tenders & Auxiliary Leisure Craft Manufacturing (IMAJAEAO), Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI), Yacht & Recreational Boat Service & Refit (TLAKAKAD)

Keywords

• Custom boat building
• Luxury yacht construction
• Marine vessel design
• Sport fishing boats
• Boat repair services

Headquarters

HQ city

Male

HQ country

Maldives

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom Boat Building: Design and construction of custom luxury boats ranging from 5-40 meters including yachts, dive boats, passenger ferries, and fishing boats. Revenue generated from one-time boat sales based on custom specifications.
2. Boat Design Services: Professional boat designing services including yacht design, dive boat design, passenger ferry design, speed boat design, interior designing, 3D modeling and rendering, and engineering consultancy.
3. After-Sales Services: Comprehensive boat services including mechanical, electrical, electronics, plumbing, fiberglass repair, painting, cleaning, upholstery, and stainless steel works.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Offshore Yachts designs and builds custom hand-crafted fiberglass yachts, fishing boats, dive boats, passenger ferries, and speed boats ranging from 5 to 40+ meters at its Alifushi yard in the Maldives. The company uses hand-laid GRP (Glass Reinforced Plastic) construction, including proprietary stepped hull technology, and offers a comprehensive suite of supporting services including boat design, stainless steel metal fabrication, custom upholstery, and full after-sales maintenance and repair.

Product overview

Offshore Yachts is a Maldives-based boat building company offering a portfolio of hand-crafted fiberglass fishing, excursion, and passenger boats ranging from 21 to 85 feet. The product lineup centers on offshore center console sportfishing boats (Offshore 21 Pro through Offshore 42) and traditional dhoni-style vessels (Offshore 45, Offshore 85 Pilothouse), complemented by a comprehensive suite of boat building services including custom design (Kissaru Studio), metal workshop with stainless steel welding, professional upholstery, and full maintenance/repair services (mechanical, electrical, electronics, plumbing, fiberglass, painting). The boats feature advanced hull designs including Maldives' first stepped hull technology, and come equipped with navigation electronics, live wells, and luxury cabin amenities.

Differentiator

Problem solved

Functional benefit

Products and services

• Offshore 21 Pro Professional center console fishing boat designed in the Maldives for serious anglers and island families. Features a flared hull for a dry ride with a fully equipped center console and stainless T-top, compact enough for everyday use yet rigged like a professional offshore boat.
• Offshore 23 Pro Compact fishing boat suitable for personal use at approximately 21 feet length. Features flared hull design for dryness in the bow, non-skid casting platforms, and innovative stern features.
• Offshore 25 Big game sport fishing boat described as the most popular sports fishing boat in the Maldives. Designed for offshore fishing with sweet flowing lines, featuring a center console cockpit allowing a 360-degree view for fishing.
• Offshore 26 BR (Bow Rider) Bow rider boat for excursion and water sports. Features a wide bow shape accommodating four people with direct sea access. Available with single or twin outboard engine, designed to be exceptionally quiet and smooth.
• Offshore 27 Fishing and excursion boat in the Offshore Yachts product lineup, suitable for both sport fishing and leisure activities in Maldivian waters.
• Offshore 32 Premium Game Fisher range boat offering protection for all-weather fishing, family fun and overnight adventures. Features the first stepped hull designed and built in the Maldives, providing a balance of cabin and fishing space with uncompromised design. Tops 47 mph with a pair of 250hp engines.
• Offshore 34 (Silent Hunter) Exclusive custom offshore sportsfishing machine branded as Silent Hunter, crafted to reach fishing grounds faster, fish harder, and bring operators home in comfort.
• Offshore 36 Pro The most advanced hull Offshore has produced yet, featuring a brand new stepped hull design with 10-foot beam and 23-degree deadrise at transom. Modern stepped-hull sportfishing boat that carves through water with exceptional stability and precision, designed for both serious angling and comfortable cruising.
• Offshore 42 (Center Console) The biggest center console by Offshore, built in the Maldives for serious days offshore. Features a Maldives-proven hull and hardware with deep-V hull that rides level and dry from idle to 50+ knots. Includes shock-absorbing seating for 13 passengers, Simrad navigation suite, and a luxury convertible cabin.
• Offshore 43 Passenger Passenger ferry boat in the product lineup for transportation of guests, designed for inter-island passenger transport services.
• Offshore 45 (Dhoni) 45-foot dhoni introducing a new perspective on livability and luxury, combining best attributes from both dhoni and stylish yacht design. Advanced hull engineered for more speed and balance for reef and offshore fishing, suitable for night fishing, morning fishing trips, tuna, marlin, and dolphin trips, as well as half day and full day fishing excursions for guesthouses.
• Offshore 85 Pilothouse Stunning and spacious luxury yacht combining elegance and performance, accommodating up to 10 guests and 4 crew. Features full-beam master suite, spacious salon and dining area, state-of-the-art galley, flybridge with jacuzzi and bar, hydraulic swim platform, and tender garage. Equipped with stabilizer, bow thruster, water maker, and latest technology systems.
• Boat Building Services Custom boat building services including fiberglass boat construction for yachts, dive boats, passenger ferries, and speed boats. Provides full custom boat builds based on customer specifications.
• Boat Designing Services Professional yacht and boat design services including 3D modeling and rendering, interior designing, and engineering consultancy provided by Kissaru Studio.
• Metal Workshop (Stainless Steel Welding) Stainless steel argon welding services for boats, creating strong and corrosion-resistant metal parts and structures including frames, rails, ladders, tanks, pipes, and fittings using high-quality stainless steel materials and advanced argon welding machines.
• Custom Upholstery Services Professional custom upholstery service creating seats and cushions for boats using high-quality materials including leather, vinyl, fabric, and foam that are resistant to water, UV, mold, mildew, stains, and abrasion. Offers creative and modern designs with colors, patterns, and shapes.
• Maintenance & Repair Services Comprehensive boat maintenance and repair services including mechanical work on marine engines and Yamaha outboard motors, electrical (12V DC to 240V AC wiring), electronics (NMEA networking, chart plotters, radar), plumbing (fresh, salt, grey, black water systems), fiberglass repair, painting, cleaning, and vinyl lathering. Includes a 12-month product warranty covering defects in materials and workmanship from delivery date.

Quantifiable outcome

• First stepped hull built in the Maldives
• +1 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• National Boating Association of Maldives (NBAM)minorOthers · 15 March 2025Offshore Yachts is an exhibitor at the Marine Expo 2025, the official exhibition of NBAM and longest-running maritime event in the Maldives. The expo features boat displays, panel discussions, workshops, and product launches.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Invincible Boats: Stepped-hull performance sportfishing boat builder (32-46 ft) - similar stepped-hull engineering and operator customer base to Offshore 32/36 Pro/42 models.
• Grady-White Boats: US center-console and dual console fishing boat builder serving sportfishing and family excursion use cases overlapping with Offshore 21 Pro through 32 product range.
• Contender Boats: Florida-based builder of offshore center console fishing boats targeting sportfishing operators - directly comparable hull form and customer profile to Offshore Yachts.
• Hatteras Yachts: Iconic American sportfishing and motor yacht builder; matches Offshore Yachts' mix of convertible sportfishers and luxury cruisers sold to resort/operator customers.
• Viking Yachts: US-based builder of offshore sportfishing and luxury motor yachts (40-90 ft) targeting serious anglers and sportfishing operators - directly comparable to Offshore Yachts' center console fishing and Pilothouse lines.
• Pursuit Boats: Builder of offshore center console fishing boats and dual-cabin cruisers for sportfishing operators - comparable to Offshore Yachts' Fishing & Excursion lineup.
• Yellowfin Yachts: Florida builder specializing in stepped-hull, high-performance center console offshore fishing boats (24-54 ft) - the closest global analog to Offshore Yachts' stepped-hull Offshore 32/36/42 models.
• Technohull: Greek performance RIB and stepped-hull boat builder (28-58 ft) - matches Offshore Yachts' combination of stepped-hull efficiency and luxury sport use cases.

Broad incumbents

• Hinckley Yachts: Premium US custom yacht builder known for bespoke craftsmanship and proprietary technology (e.g., JetStick) - comparable to Offshore Yachts' custom-superyacht build and high-end finishing capabilities.
• Boston Whaler: Long-established US center-console and unsinkable boat brand covering fishing and excursion use cases at smaller sizes - overlaps with Offshore Yachts' 21-27 ft product range.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/offshoremv
• YouTubeyoutube.com/channel/UCZD0IiL9bj-WpxVsew80hrQ/about
• Facebookfacebook.com/Offshore.mv
• LinkedInlinkedin.com/company/offshore-yard
• Instagraminstagram.com/offshore.mv

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Offshore Yachts