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12data points analyzed by Sailpages.com to compile this MIDSHIPMAN 40 (CHEOY LEE) buyer’s report
MIDSHIPMAN 40 (CHEOY LEE)

MIDSHIPMAN 40 (CHEOY LEE)

Cheoy Lee Shipyard Ltd.🇭🇰· Design: A.E. Luders
from 1972
$3.2K – $8.6K est. annual maintenance
Bluewater CruisermonoMasthead KetchFin
Cheoy Lee Association Web Site

Specifications

Hull

LOA39.83 ft
LWL32.5 ft
Beam13 ft
Draft4.5 ft
Displacement22,000 lb
Ballast5,999.4 lb
Hull speed1.34·√LWL7.6 kn

Rig & Sails

Mainsail266 sq ft

About the MIDSHIPMAN 40 (CHEOY LEE)

Sail area: -Main: 266 ft² / 24.7 m² -Fore triangle: 327 ft² / 30.4 m² -Mizzen: 135 ft² / 12.5 m²

Sailpages Buyer's Take

Designed by A.E. Luders and built by Cheoy Lee Shipyard Ltd.(HK) in 1972, the Midshipman 40 is a heavy-displacement ketch known for its robust construction. With a displacement of 22000.0 lb and a D/L ratio of 286.1, it offers a stable, comfortable ride typical of Luders' offshore designs.

Best for:
This vessel suits coastal cruisers and those seeking a comfortable, stable passage-making boat, particularly those who appreciate the traditional ketch rig and heavy displacement for calm seas.
Bluewater capability:
With a capsize ratio of 1.86 and a comfort ratio of 32.18, the boat is well-suited for offshore passage-making, offering excellent stability and motion comfort in heavy weather.
Comparables:
Comparable to other A.E. Luders designs like the Cheoy Lee 36 or 42, as well as heavy-displacement ketches from the early 1970s such as the Tartan 38 or O'Day 38, due to similar beam, displacement, and rigging configurations.

Performance

Comfort32.2
Capsize1.86
SA/Disp14.9
Disp/Len286
Bal/Disp27.3

Pricing

We don't have market pricing data for the MIDSHIPMAN 40 (CHEOY LEE) yet. If you own one, help other buyers — what did you pay for it? Reports build a community price estimate over time.

Estimated Cost of Ownership

Based on 39.83ft LOA. Actual costs vary by condition, usage, and local rates.

$/ft/mo
Annual Maintenance
$3.2K – $8.6K
Hull, rigging, sails, engine service
Annual Docking
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Annual Insurance
N/A
No price data available

Known Issues & Pre-Purchase Inspection

4 reported issues across 1 systems for the MIDSHIPMAN 40 (CHEOY LEE), compiled from owner reports in sailing forums and owner-association material.

1 critical2 major1 minor
Structural4

Unlock the full inspection report

Thinking of buying a MIDSHIPMAN 40 (CHEOY LEE)? This is an in-depth report on the faults this model is known for — so you know exactly what to check when you walk the boat. For the price of a coffee.

  • All 4 specific issues — severity, symptoms & fixes
  • Model-specific pre-purchase inspection checklist
  • Downloadable PDF to take to your surveyor — yours to keep

One-time $2.99 · secure checkout by Stripe · instant access · 30 days online, PDF yours to keep

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Which engine powers your MIDSHIPMAN 40 (CHEOY LEE)?

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Brands sometimes mentioned for this model: Bukh, Perkins — is it one of these?

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Used sails that fit the MIDSHIPMAN 40 (CHEOY LEE)

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