Shipbuilding Recession? Megayacht Sector Booms

Press Release
Tuesday, December 04, 2012
Amels 65 metet (213 ft) Superyacht

Large-sized superyacht orders show a huge increase according to a recent market report.

If orders for superyachts are any indication of consumer confidence, statistics show a small but definitely measurable increase (3.9%) in global orders for yachts above 150 feet in length overall (LOA) and an astounding rebound (44% increase) in orders for the largest superyachts - those over 250 feet LOA - with 39 orders compared to 27 in 2012, according to data published by Boat International Media.

Recently released annual yacht construction statistics reveal a total of 692 private yachts of 80 feet or more under construction worldwide, and while that total shows an overall 5.2% decline from last year, those who operate in the financial stratosphere have returned to the business of ordering yachts.

Kate Lardy, editor of ShowBoats International magazine says, “there is a definite trend visible in this 2013 Order Book with the inclusion of some enormous yachts; no less than 14 projects over 100 meters [328 feet] are currently on order.” She goes on to say, “This is a new record for the industry.” Three of the 100+ meter yachts are sailing yachts being built in Germany, Holland and Turkey.

ShowBoats International’s 2013 annual Global Order Book is the definitive guide to yachts 80 feet (24m) and above under construction. Each year the magazine presents a list of yachts in build at shipyards throughout the world with comprehensive global statistics and economic activity around large yacht orders worldwide.

This new annual report is  now available to download here. 

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Partners Tap Standardization to Trim Newbuild Costs

Unfamiliar specifications and processes often result in rework, delays and misunderstandings, and are adding thousands of engineering hours to the design and construction

Damen Opens US Office

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0684 sec (15 req/sec)