Palm Beach Motor Yachts announces the Palm Beach 52 at the Miami Yacht & Brokerage Show 2015

The latest chapter in the rapidly growing Palm Beach success story, these sleek, contemporary, high-performance motor-yachts are the head-turning exception in a crowded field of Downeast style yachts. The unmatched ride, seaworthiness, and meticulous joinery work are hallmarks of every Palm Beach model, and the 52 is no exception.

The 52 sport an innovative new feature that allows safe and secure passage to the foredeck while maintaining all of the stylish appeal to which Palm Beach customers are accustomed.

These “flush-deck walk ups” consist of several gentle steps that progress up from the level of the cockpit to midships, making tying fenders or lines a breeze even in adverse conditions.

The first hull in the 52 line also features an owner-selected accommodations plan featuring two staterooms and a generous down galley that offers all the utility of home. On the main deck, the 52’s stylish helm sits opposite a double companion helm seat providing spectacular views in all directions. Stepping into the salon, a straight settee to port and a large L-settee to starboard melds seamlessly with the spacious cockpit, complete with forward- and aft-facing seating and plenty of lazarette storage. Hiding under the cockpit is a easily-activated tender garage that can be accessed without moving any cockpit furniture.

The power package is comprised of twin Cummins QSC 8.3 600 MHP diesel engines with optional twin Volvo IPS 950 725 MHP available to European market. Top speeds exceed 30 knots with the Cummins package and are anticipated to exceed 35 knots with the Volvo IPS option.

Palm Beach Motor Yachts is currently enjoying its most successful Miami show, having sold a number of models during the show, including a number of the all-new 52.

About Palm Beach Motor Yacht Co Pty Ltd - Founded in 1995 by world-renowned sailor and eight-time Sydney to Hobart race winner Mr. Mark Richards, Palm Beach Motor Yachts is known for its modern technology and impeccable craftsmanship. All yachts are meticulously designed and constructed with cutting edge materials and allows for a full suite of customizable options. The company's headquarters and manufacturing facility operate out of Berkeley Vale – just 100 km north of Sydney –Australia. For more information, visit: www.pbmotoryachts.com.

About Grand Banks - With a renowned legacy that dates back to 1956, Singapore-based Grand Banks Yachts Limited is a global brand well known for its vast experience in manufacturing and selling luxury motor yachts. The Grand Banks brand is recognized across the globe for superior quality and craftsmanship which created one of the most acclaimed and highly sought-after yachts on the market today. The Group's manufacturing facility is located in Pasir Gudang in Malaysia. Grand Banks has dealers based in North America, Europe and Asia-Pacific. Grand Banks was listed on the SGX in 1987 and upgraded to the Main Board in 1993.

To learn more about Grand Banks visit: www.grandbanks.com

About Mark Richards

Mark Richards was appointed Chief Executive Officer and Executive Director of Grand Banks Yachts in August 2014. Mr. Richards, a qualified shipwright and a passionate yacht designer, founded Palm Beach Motor Yachts in 1995. Under Mr. Richards' leadership, Palm Beach has developed a growing reputation for producing one of the highest quality and most fuel-efficient luxury motor yachts in the world.

In addition to Mr. Richards' accomplishments at Palm Beach, he is also a successful professional yachtsman. He is a eight-time champion skipper of the grueling 628-mile Sydney-to-Hobart sailing yacht race, led Australia to victory in the 2003 Admiral's Cup, and has represented Australia in two America's Cup regattas. Wild Oats XI under the guidance of Mark Richards won line honor of the Rolex Sydney Hobart Yacht Race 2014.