Dana Point, CA – (July 28, 2026) – After the successful production and delivery of 54 Nordhavn 41 and 51s, Pacific Asian Enterprises (PAE) has decided to halt production at the Istanbul-based Telgeren & Partners Factory, and retire the two models built there. Both models were extremely well-received, particularly the N41 of which there were 44 hulls built.
The decision was mutually-agreed upon by both companies after concluding that high inflation rates and a government-manipulated currency made it unpredictable and prohibitively expensive to continue operating in Turkey.
Approximately ten boats were contracted to retail buyers using price commitments from Telgeren & Partners but despite their desire to do so, Telgeren did not have the financial ability to honor these commitments to PAE. There was simply no alternative so PAE provided the added capital needed to complete the boats in production and honor all retail contracts and pricing as written.
Both Telgeren and PAE held out hope that the Turkish economic environment would improve but there has been little good news. Inflation is predicted to continue at high levels and the government refuses to let the Turkish lira float to its natural level – a combination of factors that makes further yacht building impossible. “It is frustrating that the exciting Nordhavn 41 and 51 projects will end their production runs in this way,” said PAE president Dan Streech. “Realistically there was no other answer.”
Streech is quick to point out that the Telgeren factory, its staff, and the quality of the boats reflected the highest standards. He added that the most recent boats delivered from the factory were among the finest ever to carry the Nordhavn name.
As with all discontinued Nordhavn models, the molds for both the Nordhavn 41 and 51 will be destroyed. Typically, a model’s lifespan is determined by sales, but the N41 and N51 are being forced into retirement.
“Models inevitably lose their appeal because they are overshadowed by new designs, or their concept was simply not embraced by the market,” notes Streech. “The Nordhavn 41s and 51s were just hitting their stride. They will be going out on top.”
This Post Has 5 Comments
Discontinued 41 would be a mistake destroying the mold is a bigger mistake personally im not ready for a trawler as I work but in retirement the 41 would be one hell of a boat
“As with all discontinued Nordhavn models, the molds for both the Nordhavn 41 and 51 will be destroyed.” I’m certain that there are business reasons, and I can’t claim to understand them. Absent that insight, I would’ve hoped that Nordhavn would be able to arrange ownership of the molds, and should things/economics align in the future be able to recommence building these remarkable ships somewhere. The 51 in particular was something I was aspiring to as an early retirement option.
I guess that all of us similarly minded will have to look to the used market, which is not a bad thing for the current owners. Their boats will depreciate less over time, which is good for them and good for Nordhavn. It’s just a bit sad, especially for the 51, which has only been around for a short time.
The 41 is an entry platform to the brand and the lifestyle. The 46 around 2 million is not a good look for a brand to continue growing with new customers. A little over a million for the 41 is attractive to many. I would think the brand would be better served by using the mold in Taiwan with some changes to accommodations and an MKII badge.
I hope that this doesn’t harm nordhavn. Other negative news in the industry doesn’t help . It’s very reassuring to hear that the boats in the pipe line will be taken care of. That in its self should I hope calm any jitters regarding the stability of the nordhavn brand.
Really bummed to see the Nordhavn 41 get discontinued. This boat hit a sweet spot nobody else really filled, a proper offshore-capable long-range trawler in a size that one couple could handle. Sounds like it wasn’t even a demand problem, just the economics of building in Turkey falling apart, which makes it sting more. I’m not in a position to buy one right now, but I’m hoping in 10 years or so, once I’m ready to make the jump, PAE brings this size class back. Fingers crossed the mold isn’t gone for good!