Superyacht Industry Surges into 2013

Press Release
Thursday, December 13, 2012

The ultimate flavour of the superyacht industry going into 2013, after a somewhat tumultuous year amid seas of inclement weather and economic instability, is one of sweet success, with silver linings hidden in some unexpected corners, according to insider sources at Yachting Pages.


European shipyards orders are thriving, due to the poor performance of the Euro on international markets. Though bad news in some quarters, the deflated currency has made the Eurozone’s shipyards and component parts incredibly attractive to buyers in markets such as Russia, and therefore the new-build and refit region of choice for many.


Globally, emerging markets such as China and Brazil may have more rapidly growing competitors to contend with such as Mexico, described by Forbes magazine as “the little darling of the emerging market investors”. According to Esther Barney, The Superyacht Report’s US editor, “Mexico could overtake Brazil as the leading economy of Latin America by 2022.”


On the boat show front, the public-facing gauge of the superyacht industry’s health is positive exhibitor and visitor figures, which confirm the market’s robust vital signs.


The Fort Lauderdale International Boat Show fought back from Hurricane Sandy  to finish with a record-breaking weekend.  Overall visitor figures were down just 2% on 2011 and exhibitors reported serious buyers, qualified leads and order books full.  


The Yachting Pages team was ecstatic with the outcomes from FLIBS 2012, where their booth was housed in the US Superyacht Association (USSA) pavilion near to the America’s Cup trophy. Ian Jones, sales manager of Yachting Pages, said, “We smashed our sales targets and met some very interesting new clients.


“Through our business card prize draw, we were thrilled to offer free advertising to three lucky businesses – MTN Satellite Communications, Servowatch Marine Automation, and Broward Shipyard who we look forward to working with in the future. “


From high winds to low lands, the Netherland’s Marine Equipment Trade Show (METS) this November also produced encouraging results. The event was the largest in its 25 year history and Jessica Pegg, Yachting Pages’ sales team leader, said, “We sent a robust sales team who spent a very busy three days meeting with long-term clients as well as many new ones.


International visitor levels were up by 2%, and attendance levels offered a real vote of confidence for the industry. The networking and social events buoyed the atmosphere yet further.”


Yachting Pages is now finalising content for its up-coming 2013-2014 directories, due to begin its hand-delivery schedule in over 90 countries worldwide, in May 2013.


Work is also just beginning on the next edition of Yachting Pages hard-backed premium product, the Superyacht Owners’ Guide (SYOG), the indispensable publication for decision-makers in the superyacht sphere.  

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

US Plans to Shut Royalty Loophole on Coal Exports

U.S. coal companies will no longer be able to settle royalties at low domestic prices when they make lucrative sales to Asia according to reforms proposed by the Interior Department on Friday.

Passenger Vessels

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Duffy Named President of Carnival Cruise Line

Christine Duffy has been named president of Carnival Cruise Line, Carnival Corporation & plc. announced today.   Duffy, currently president and CEO of Cruise Lines International Association (CLIA),

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Vessels

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Yachts

US Obamacare Impacts the Global Marine Industry

The Affordable Care Act (ACA), otherwise known as Obamacare, the recent healthcare plan in the United States, is affecting the international superyacht industry,

Even 'Small' Vessels are Getting Bigger

The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2344 sec (4 req/sec)