Shoppers were out grabbing a bargain on Black Friday last week, but the superyacht market is also offering discounts of its own. Asking prices for some pre-owned superyachts have been slashed since the end of the show season. When paired
Luxury travel is recession proof. That’s the view of Geordie Mackay-Lewis, co-founder of luxury travel company Pelorus – and probably the view of most people in the yachting industry. In the aftermath of the pandemic and lockdowns, there’s no shortage
“Batti il ferro finché è caldo” is an Italian saying that translates as “strike the iron while it’s hot.” And it’s one that rings true for Italian shipbuilding giants recently reporting strong growth for the first nine months of this year.
If you don’t own Crypto you may have missed the travails of FTX, a large exchange, which suffered the equivalent of a run on a bank this week. After $6bn of panicked withdrawals in three days, it agreed on a
The largest in-water boat show in the world opened its gates for the 63rd time last week as more than 100,000 attendees and 1,300 watercraft descended on Fort Lauderdale, Florida. From single-person kayaks to the biggest yacht on show, the
There is good news and bad news when the market is this buoyant. The good news is that record highs reported in the post-pandemic boom have led to continued growth. The bad news is the industry can’t keep up – supply chains
The strong gales at the Monaco Yacht Show may have prevented superyachts from anchoring around Port Hercule (pictured) this year. But showgoers seemed resilient to the potential winds of change impacting the industry. Despite immediate fears of recession, supply chain
The superyacht industry looks buoyant. Despite rising inflation, sanctions, worries of an impending global recession and the looming prospect of the sales bubble bursting, yacht builders continue to report positive financial results – and there are no signs of it
There is nothing quite like the French Riviera at this time of year. In Cannes, Vieux Port (pictured) and Port Canto this week welcomed more than 600 exhibitors, 650 boats and 54,000 visitors to the Cannes Yachting Festival 2022. The
A green tide is rising. For evidence, look no further than next week’s Cannes Yachting Festival, where the new Green Route initiative will showcase environmental innovation. Whilst the superyacht industry is far from a leading polluter, pressure to cut the
