Panda 38 — Information, Review, Specs

Gary Grant·1982·~30 hulls·Ta Shing
Panda 38 drawingBuilder drawing
Hull type
Monohull · full
Rig
Cutter
LOA
37.58' · 11.45 m
Displ.
19,000 lbs · 8,618 kg
First year
1982

The Panda 38, designed by the legendary naval architect Robert Perry and built by the master craftsmen at Ta Shing Yacht Building Ltd., is a quintessential example of the "golden age" of Taiwanese boat building. Launched in the late 1970s and produced through the mid1980s, the Panda 38 was conceived as a rugged, doubleended cutter intended for longdistance offshore passagemaking. It belongs to a prestigious lineage of Perrydesigned cruisers built at Ta Shing, sharing a design DNA with the Baba and Tashiba series. The Panda line—which also included the Panda 34 and the Panda 40—was eventually phased out as the yard moved toward the Tashiba brand, yet the 38 remains a highly soughtafter vessel on the secondary market for its balance of traditional aesthetics and robust seagoing capabilities. According to the Robert H. Perry Yacht Designers archives, these vessels were engineered to provide a safe, predictable motion in heavy weather, a hallmark of the designer's "traditional" period.

Measurements

Dimensions 01

LOA
37.58 ft
LWL
31.5 ft
Beam
12 ft
Draft
5.75 ft
Max headroom
-
Air draft
-

Construction & hull 02

Construction
Fiberglass
Hull type
Monohull
Keel type
Full
Rudder
1× Attached
Ballast
6600 lbs (Iron)
Displacement
19000 lbs
Water
140 gal
Fuel
75 gal

Rig & sails 03

Rig type
Cutter
P · main luff
39.5 ft
E · main foot
15.2 ft
I · fore ht.
45.2 ft
J · fore base
18.5 ft
Forestay (est)
48.84 ft
Sail area
718 sqft

Calculations 04

SA/D ratio
16.13
Ballast/Disp.
34.74
D/L ratio
271.38
Comfort ratio
32.19
Capsize screening
1.8
Hull speed
7.52 kn

Sailing Performance & Handling

The Panda 38 is a heavy-displacement cruiser with a full keel and a protected rudder, a configuration that prioritizes directional stability over raw speed. With a displacement of approximately 20,000 lbs and a high displacement-to-length ratio, the hull is designed to "punch through" chop rather than bounce over it. This mass provides a comfortable, low-frequency motion that reduces crew fatigue during multi-day passages.

Under sail, the Panda 38 typically carries a cutter rig, which offers a versatile range of sail combinations. In heavy air, the ability to reef the main and fly a staysail allows the boat to remain balanced and manageable. While its light-air performance is hampered by its weight and significant wetted surface area, the boat finds its stride in 15 to 25 knots of wind. The cutaway forefoot on the keel helps the Panda 38 track better than a traditional full-keel boat while remaining easier to maneuver in tight quarters than its larger sibling, the Panda 40. Owners often report that the boat "sails on rails" once the sheets are trimmed, requiring minimal input from an autopilot or windvane.

Interior Comfort & Variations

The interior of the Panda 38 is a showcase of Ta Shing’s legendary woodworking. Utilizing high-grade teak throughout, the cabinetry is often hand-joined with a level of detail rarely seen in modern production boats. The layout typically features a large V-berth or a Pullman-style berth forward, a central salon with a U-shaped settee and a straight settee opposite, and a well-appointed galley near the companionway for optimal ventilation.

A defining characteristic of the Panda 38 is its generous storage, which was designed specifically for liveaboard cruising. Deep lockers, hanging lockers with louvered doors, and extensive bilge storage allow for the stowage of provisions and spares necessary for ocean crossings. Variations of the 38 occasionally surface with different navigation station configurations, but the core "Traditional" aesthetic remains consistent across the production run. The use of bronze opening ports provides both a classic look and excellent cross-ventilation, a necessity for tropical cruising.

Known Issues & Buyer’s Checklist

Prospective buyers should approach the Panda 38 with a checklist focused on the common vulnerabilities of Taiwan-built yachts from this era:

  • Teak Deck Condition: Like many Ta Shing builds of the 1980s, the teak decks were often fastened with hundreds of screws. Over time, the bedding compound can fail, leading to water intrusion into the sub-deck core. Inspect for "bouncing" deck sections or brown staining on the interior headliner.
  • Fuel and Water Tanks: The original tanks were often constructed of black iron (fuel) or stainless steel (water) and were sometimes glassed into the hull structure. Corrosion at the bottom of these tanks is a known issue, and replacement can be a major "engine-out" project.
  • Chainplates: The stainless steel chainplates are subjected to cyclic loading and can suffer from crevice corrosion where they pass through the deck. A thorough inspection of the deck seals and the metal integrity is mandatory.
  • Chain Locker Drainage: Some owners have noted that the drainage for the anchor locker can become clogged, leading to standing water and potential rot in the forward bulkhead.
  • Mast Step: Check the mast step for signs of compression or corrosion, particularly if the boat has been raced or pushed hard in heavy seas.

Community & Resources

Owners of the Panda 38 benefit from a robust and knowledgeable community of Ta Shing enthusiasts. The most prominent resource is the Baba, Panda, Tashiba (BPT) Owners Group, which serves as a technical clearinghouse for maintenance and restoration advice. Additionally, because Robert Perry remains an active figure in the sailing community, technical drawings and design insights are occasionally available directly through his studio or through published retrospectives of his work.

The Verdict

The Panda 38 is a "forever boat" for the cruiser who values craftsmanship and seaworthiness over modern planing performance. While it requires a commitment to maintaining its extensive brightwork and aging systems, its ability to carry a crew safely across any ocean is undisputed.

Pros:

  • Exquisite Ta Shing joinery and build quality.
  • Exceptional heavy-weather stability and tracking.
  • True bluewater tankage and storage capacities.
  • Classic, timeless Robert Perry lines.

Cons:

  • Maintenance-intensive teak decks and exterior brightwork.
  • Sluggish performance in light winds (under 10 knots).
  • Potential for expensive tank and chainplate replacements due to age.

Similar sailboats

12 comparable designs · similar LOA, displacement & rig