Superyacht Market on the Up?
As the global financial crisis restricted the flow of finance and the billionaire financiers became fewer and more cautious, the yacht market undoubtedly suffered – at least in contrast to the 2005 – 2008 boom years.
That being said, the industry appears to be recovering well with positive reports across the industry. March 2014 brokerage sales show a striking contrast to the same month last year. According to facts published by Boat International, thirty-five sales were reported in March 2014, the highest monthly count of any first quarter for the last five years, and new orders were similarly on the up – a 74M Lurssen motor yacht, due for delivery in 2016, was reportedly announced.
The Dutch yacht builder AMELS reportedly had nine luxury yachts at its yard – six new builds and three refit projects. AMELS CEO Rob Luijendijk commented, “Particularly during the current high level of activity at the yard – with up to 600 designers, engineers and craftsmen at work – we’re proud that each of these individual projects is on track for on-time delivery. That’s our promise to each owner. They know they can make plans for the summer and AMELS will deliver their yacht on schedule and perfectly tailored to their wishes.”
These are all positive signs for the future of the superyacht industry and possibly a good barometer of financial optimism.
For more information on how we can assist with yacht building / sale and purchase or any other aspect of yacht ownership/management please contact our yacht group:
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