Kate Lardy News

Shipbuilding Recession? Megayacht Sector Booms

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.