Owning superyachts is often seen as one of the first luxuries in difficult financial times.

The US is experiencing the longest growth period in its market history, and some UHNWIs have begun to show more cautious buying behavior.

At the moment, we can see how today's market is different from the structure that existed before 2008, and whether recession signals can be seen in the superyacht industry.



In 2007, superyachts would be among the 100 largest in the world if they were above 65 meters. Ten years later, this metric increased to 85 meters in length and almost doubled when viewed from the point of view of gross tonnage.

In the mid-2000s, the space for yachts by 40-60 meters really flourished, and the shipyards increased their orders annually.  Speculators bought a new assembly in order to turn it around with a mark-up before it was delivered.

In 2008, this market dynamics collapsed, as both orders for new buildings were canceled, and the brokerage market fell, reducing prices by more than half in a few years. 



Currently, there are more than 50 yachts more than 100 meters long, which is twice as much as it was on the water ten years ago. 



The world yacht fleet is now even bigger than ever. In the event of an economic downturn, it is unclear who, if anyone, wants to buy less fashionable and old yachts in order to keep them in working condition, given the high annual costs. This is especially worrying for GRP yachts, which cannot be used as steel or aluminum cans for parts.



Regardless of whether a recession will occur, it goes without saying that on its current trajectory the yacht space is set up for further consolidation. In the event of a recession, this path is likely to be accelerated only through cheaper mergers and acquisitions.

Latest News

Facheris Design showcases Explorer 65 superyacht concept
Facheris Design (Florida) has revealed a new 65.2 m Explorer yacht concept, which combines the appearance of a luxury yacht with explorer features.The exterior of Explorer was inspired by modern architecture. The key features include glass glazing, that increases the amount of natural light and showcases ocean views from the saloon. The yacht can accommodate 12 guests, while the crew quarters allows for a staff of 20.A hybrid propulsion package of CAT diesel-electric engines will provide a maximum speed of 20 knots. Other technical details can include an 11.2-metre beam and large helipad on the aft deck, which can also be used for storing and deploying tenders and toys.
Van der Valk showcases 28m Explorer yacht
Van der Valk has just finished the latest stage of the build of 28-metre Explorer. The yacht will be ready for delivery this summer. Designed by Guido de Groot, the Van der Valk’s Explorer is one of the new generations of motor yachts in the Dutch yard’s portfolio. The yard has gone to great lengths to ensure the best possible sailing and seakeeping qualities for this design, including a distinctive round-bilged hull. Van der Valk Explorer yachts are designed and built to withstand the toughest environments and boast an extensive fuel capacity that enables them to easily make long ocean passages.The yacht has twin MAN V12 1650 hp engines that can get top speed of 20 knots with VEEM VG145 zero-speed gyroscopic stabiliser system and two 32 kW Northern Lights generators.
Mazu Yachts launches 24m Mazu 82 flagship superyacht
Turkish yacht builder Mazu Yachts has launched and delivered its 24.5 metre Mazu 82 flagship superyacht.Mazu Yachts 82 is one of the largest Open Motor Yachts in the market featuring endless outdoor areas as well as the interior comfort. Last October the yacht was "rapidly" approaching her completion. Now the yacht has been delivered to its Turkish owner.The Mazu 82 is built from carbon composite. Her power comes from three Volvo Penta IPS 1350 1000hp engines with a cruising speed of 35 knots and a maximum speed of 40 knots. Other features include a beam of 5.9 metres and a draft of 1.6 metres.The Mazu 82 will have her official debut at the 2020 Cannes Yachting Festival.
Fresh news for postponed shows
TYBA Yacht Charter Show has been postponed until 2021. The exact dates of the 2021 TYBA Show will be announced at a later stage. Superyacht Cup Palma has been postponed until June. New dates for the 25th-anniversary edition have been set for 23-26th June 2021.The Monaco Yacht Show is set to go ahead as planned from 23-25 September 2020 on the Port Hercule.The St Barths Bucket has been cancelled.All shows postponed due to the ongoing coronavirus outbreak. Taking into consideration the information that is currently available organizers said that health of Members and all Show participants being one of the key priorities, so now it is not possible to ensure the show is organised in the safe and productive environment.
New dates for Dubai International Boat Show
Dubai International Boat Show have been postponed until November due to the ongoing coronavirus outbreak. The event will be held in Dubai Harbour (formerly Dubai International Marine Club) on November 24 - 28 November. By words of organisers they “continue to focus on prioritising the delivery of a strong international participation in these extraordinary times.” They have been working closely to assure that clients’ needs are most effectively addressed for the delivery of strong international participation considered. The event will be held coinciding with the Expo Dubai 2020.