Greek crisis impacts charter yachts

The ongoing economic crisis in Greece isn’t just of concern to the EU – it has also now started to worry the charter sector.

“The big concern coming from brokers is about client fund escrow accounts in Greek banks that are holding charter funds,” explains Missy Johnston, owner of Northrop & Johnson Yacht Charters. “One Greek central agency company now has its client funds account for charter funds in Switzerland, and I spoke with another company about doing the same.”

On a more positive note, the ninth Poros charter yacht show, held in late April, is considered to have been a success with 78 boats on display – 28 of which were new to the crewed market, and eight of those new launches. Brokers are also reporting that there is also some attractive price flexibility for charter yachts to be found in the Greek islands.

Source : IBINews

Tags: Charter

Category: Charter News