Pricing · 2026 edition
What a Phinisi Actually Costs to Build or Buy
What the vessels on our book actually ask, and the four things that set the number. Every figure here is a published asking price, not an estimate.
- USD 153k
- Entry, 22 m · 5 cabins
- USD 1.12M
- Top, 34 m · 8 cabins
- 3.6x
- Spread between two 27 m hulls
- 4 factors
- What actually sets the price
Quick answer
The vessels on our book ask USD 153,000 to USD 1,120,000 across 22 to 38 metres. Length alone does not set that: VIP III and VIP IV are both 27 metres and one asks 3.6 times the other, and VIP XI asks more than any of them at 34.4 metres — shorter than only VIP V and VIP VI on the book.
- Cabin count and beam move the price more than length does.
- Working hulls suited to a refit project trade far below turn-key builds.
- A vessel transferring with charter contracts attached carries a premium over an identical empty one.
The book
What Every Vessel Is Actually Asking
Published asking prices, transcribed from each vessel’s own specification sheet. Not estimates, not brackets — the number on the listing.
| Vessel | Length × beam | Cabins / guests | Asking |
|---|---|---|---|
| VIP XI | 34.4 m × 6.3 m | 8 / 18 | USD 1,120,000 |
| VIP X | 33.45 m × 6 m | 8 / 24 | USD 833,333 |
| VIP VI | 38 m × 6.8 m | 8 / 21–25 | USD 682,000 |
| VIP V | 38 m × 7.5 m | 16 / 30 | USD 553,000 |
| VIP IV | 27 m × 9.5 m | 10 / 20 | USD 553,000 |
| VIP VII | 30 m × 6 m | 5 / 13 | USD 444,444 |
| VIP VIII | 25 m × 5.6 m | 7 / 15 | USD 444,444 |
| VIP IX | 30 m × 5.1 m | 7 / 21 | USD 444,444 |
| VIP III | 27 m × 4.7 m | 7 / 20 | USD 153,000 |
| VIP II | 22 m × 4.4 m | 5 / 12 | USD 153,000 |
| VIP I | 31 m × 5.8 m | 5 / 12 | Sold |
Asking prices in USD, excluding survey, delivery and registration. VIP I is shown as a sold comparable. ⚠ VIP IV’s source page states 27 m in its specification table and 38 m in its prose; the table is used here and the discrepancy is with the desk.
The 3.6x question
Why Two 27-Metre Hulls Differ by USD 400,000
VIP III and VIP IV are the same length. One asks USD 153,000 and the other USD 553,000. The gap is entirely in the specification, and it is visible line by line.
- Beam
- 9.5 m
- Cabins
- 10
- Engine
- Mitsubishi 6D22 & RF 10
- Electrical
- 3 × 45 kVA
- Water
- 25 tons + 4 tons/day maker
- Navigation
- Radar and echo sounder fitted
VIP III is 4.7 m — barely half the deck area on the same length
VIP III carries 7
VIP III runs the smaller 6d16
VIP III has 30 kVA with a 7,500 W emergency set
VIP III carries 8,000 L and no maker
VIP III has compass, GPS, AIS and map only
The previous version of this section broke down a "representative 45 m at USD 2.6M" into nine cost lines. That vessel did not exist and the price was not ours — the whole breakdown was retired. See inc/vessels.php.
Systems
What the Money Buys, Vessel by Vessel
Engine, power and water are the three systems that decide whether a hull can carry paying guests for a week without touching a port.
| Vessel | Engine | Water | Asking |
|---|---|---|---|
| VIP XI | Mitsubishi 8DC11, 340 HP | 8,000 L | USD 1,120,000 |
| VIP X | Mitsubishi 6D22, 200 HP | 8,000 L | USD 833,333 |
| VIP VI | Mitsubishi 8D C9 | 13,000 L | USD 682,000 |
| VIP V | Not published | 50 tons | USD 553,000 |
| VIP IV | Mitsubishi 6D22 & RF 10 | 25 t + 4 t/day maker | USD 553,000 |
| VIP VII | Mitsubishi 8DC11 | 5,000 L | USD 444,444 |
| VIP VIII | Mitsubishi 6D14, 160 PK | 6,000 L | USD 444,444 |
| VIP IX | Mitsubishi 8DC11, 340 HP | 6,000 L | USD 444,444 |
| VIP III | Mitsubishi 6d16 | 8,000 L | USD 153,000 |
| VIP II | Mitsubishi 6d16 | 5,000 L | USD 153,000 |
The previous table here gave a discount ladder by hull age (10–70% off replacement cost, refit reserves USD 50k–1.2M). Both columns were scaled off the retired prices and neither had a source.
Four factors
What Actually Sets the Market
Four things set the price of a phinisi, and every one is checkable before you make an offer. Across the Indonesian market the spread runs from the low hundreds of thousands of USD into the several millions for expedition-grade new builds.
The previous version of this section quoted percentage premiums against three named shipyards and a designer ladder. None of it had a source and all of it was retired — a buyer negotiating against an invented 12–20% builder premium is arguing with a number nobody in the market recognises.
- Hull age and last major refit Ask for the invoice
- The date of the last major refit moves a price more than the build year does. Refit invoices come with every listing.
- Length and cabin count 3.6x on one length
- VIP III and VIP IV are both 27 m. The ten-cabin hull asks 3.6 times the seven-cabin one — cabin count and beam, not length.
- Class and survey status Condition of sale
- Current class and a clean independent survey are what let a lender or insurer price the asset at all. Survey is a condition of sale in the standard contract.
- Charter contracts attached Revenue on request
- A vessel transferring with forward bookings carries a premium over an identical hull with an empty calendar.
Beyond the asking price
What the Process Guarantees
Survey, ownership structure and payment terms are fixed in the standard contract rather than negotiated deal by deal.
- Always
- Independent survey
- 3 stages
- Staged payments
- PT PMA
- Foreign ownership
- Verified
- Operating history
- 6–14%
- Indicative net yield
Plus sea trial and document audit
Offer · survey · transfer
Or a bareboat arrangement
Survey records, refit invoices, crew notes
Managed charter, never guaranteed
This section previously listed survey at USD 8–18k, flagging USD 4.5–9k, PMA setup USD 8.5–15k, crew training USD 18–30k and first season USD 40–90k. None had a source and all were retired. Ask the desk for the current schedule of costs and it replaces this section.
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