With the summer season, a sense of normality has finally returned to the luxury yacht market.
Although we may be some way short of the heady days of 2008, the last few months have seen a gradual increase in yacht sales, yacht management and crew placements. Unfortunately the uptake of yacht charters and new-build projects has continued to suffer, but while this represents bad news for owners, charter brokers and construction yards, those looking for cut-price charters and new-builds will be rewarded as long as they act quickly.
During the month of June we experienced a very active market with an average of one yacht (over 24m) being sold each day. Read the rest of this entry »
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Today, Fraser Yachts announced the launch of a comprehensive new web site, www.fraseryachts.ru, developed exclusively for their Russian clients around the world.
The site constitutes the first Russian web portal in the world to be developed by a major, international luxury yacht brokerage company.
Hein Velema, Fraser Yachts’ CEO stated that he’s delighted to be leading the market in this important region and announced “Our Russian clients have been increasingly active in recent years and it’s essential that they are able to access current and comprehensive information on the luxury yacht market. Read the rest of this entry »
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New yacht sale enquiries are up and early bookings for Mediterranean Charters show clear signs of recovery. With many of the world’s leading shipyards in crisis, Fraser Yachts have found that a perfect opportunity is created for new super yacht construction projects.
Following a difficult year, the opening weeks of 2010 have presented encouraging signs of recovery in the luxury yacht market. Early interest from prospective buyers is showing signs of improvement for the yacht brokerage market, while a number of early bookings for Mediterranean yacht charters has given hope of a more widespread and long term recovery for the luxury yacht charter market. Read the rest of this entry »
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The $3 billion worth of vessels anchored for sale in the Monaco harbor draw a grin from Monte Carlo Luxury Yachts broker George Fortune.
Super yachts are a particularly male-driven thing, he says, surveying the principality annual super-yacht show.
Somebody always has one bigger than yours, the 55-year- old salesman explains from the bow of the $20 million jet- propelled Art Deco speedboat Musa. This business is based on clients who care little about economic recessions and are passionate about proving that they have more money than you.
There might be a load of statistics to prove the global economy is floundering on the shoals of catastrophe. Just don’t come spouting them aboard the 118-foot Musa, where all countertops are fossilized Carrera marble and the main salon is trimmed in snakeskin leather.
The only number that matters here is a top speed of 100 miles per hour, allowing thermo-billionaires to breakfast in Italy, lunch in Corsica and order supper in Monte Carlo. Read the rest of this entry »
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