Yachting Intelligence

From the point of view of brokerage sales, May 2010 proved to be a solid if unspectacular month with 21 superyachts over 24 metres sold at total asking prices of €145 million, a dip from the previous month’s 24 yachts sold asking €261 million.

The largest yacht sold was DCAN’s 75.31m Phocea asking €9.9 million, while the figures do show an increase on May 2009 when 17 yachts totalling €132 million were sold.

Jonathan Becket, CEO of Burgess, gives his views on the current brokerage market: “2009 will be remembered as a tough year for brokerage, but in the final analysis, a reasonable number of sales were completed, although these were at price levels in favour of buyers rather than sellers. Read the rest of this entry »

Brokerage:Â a buyer’s market

April 2010 saw 23 superyachts over 24 metres sold at total asking prices of €253 million, a marked increase over the March 2010 figures of 14 yachts sold asking a total of €153 million. This also represents a 36% increase on April 2009 when 21 yachts were sold asking €186 million. Read the rest of this entry »

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. Read the rest of this entry »

Consumers today have the privilege of choice. You can customize almost every detail of our luxury vacation, but also packaged the package as an all-inclusive vacation, if he so wishes. They cost the cruise ship lifestyle and have had their fair share of aircraft. Now they want something a little different. Whether it is a holiday, a wedding, a special event or just the trip of a lifetime, luxury yacht charter is the best way to travel and see all the hard-to-reach corners of the world. Before you begin planning, here are a few things you should know about yacht brokers.

A yacht broker makes his or her living off commissions from a number of local charter companies, without costing you extra money. Read the rest of this entry »

Roger Horner, founder of the yacht electronics company, began to notice an unfamiliar trend in the superyacht market this past winter after a heady decade of expansion: customers were calling his Mallorca headquarters to see whether they could cancel or cut back their orders.

If the radar was broken, it had to be fixed. But owners suddenly decided they did not need that fancy new audiovisual entertainment system for their superyacht. The luxuries are being postponed or cut, says Horner.

Read the rest of this entry »