Grand Banks Yachts Limited announced that it will unveil the Palm Beach GT50. The GT50 made its international debut last September at the Newport International Boat Show, where it swept awards for `Best New Powerboat over 35 Feet' and `Best Powerboat Overall'. The Grand Banks display was also named overall `Star of the Show' for presentation and marketing during the show. Grand Banks said visitors to the Singapore show at ONE15 Marina, Sentosa Cove, will be able to view a yacht praised by enthusiasts for its ‘true innovation’. The GT50 features a fully infused vinylester cored e-glass construction, combined with a fully infused 100%-carbon fibre deck that is structurally bonded to the hull, forming a shell that is lightweight and robust, with a low centre of gravity. More efficient than its predecessors, the GT50 consumes only 40 gallons of fuel per hour while cruising at 35 knots. Fitted with twin 600-hp Volvo IPS800 engines, the 54-foot boat can reach a maximum speed of 40 knots. Listed on the Singapore Exchange, Grand Banks has recorded up to 3 orders for the GT50, helping to lift its total order book to 21 boats as at February 2019. With facilities in Malaysia, Australia and the U.S., the Company builds and sells boats under two global brands - Grand Banks and Palm Beach. The GT50 is the first in the new Palm Beach GT series that will also include the GT60 and the GT70.