This year’s Global Order Book by Boat International shows the superyacht industry is in robust health with a record number of superyachts on order or in build. The official results indicate 1,203 ongoing projects, representing an increase of 17.5 per cent over last year’s 1,024. The strong results are caveated by analysis in the report … Read more
How did yacht sales and deliveries really fare during the Covid-19 pandemic? After what has been an unusual year, Superyacht Times and Monaco Yacht Show offer a preview of the yachting market report and the industry’s performance in 2020. The State of Yachting is the flagship publication of SuperYacht Times. Now in its fifth year, … Read more
“Wanda’s acquisition of Sunseeker is strategic.” Although the private yachting market is in its early stages in China, this industry is growing rapidly. China’s consumption has been growing, with an exceptionally strong appetite in the luxury market. In 2012 China surpassed Japan as the world’s largest luxury market and by 2015 McKinsey & Co. predicts … Read more
While several marinas have been developed along the China’s eastern coast in the past five years, Chinese coastal waters are still strictly regulated, and import duties of 43 percent have dampened the development of a vibrant yachting culture. In 2009, the Chinese yachting market was worth $440 million, according to a recent report by China … Read more