Page 50: of Maritime Reporter Magazine (July 2018)

SUPERYACHT NUMBERS POWERED BY VESSELSVALUE.COM & YACHTINGJOURNAL.COM

SuperYacht

Summer

By Court Smith, VesselsValue.com

The summer season in most of Europe good time for yacht brokers to look at in vessels changing hands. Sailing en- builders in the top spot for mega yachts. has been off to a sunny and warm start, taking their own summer breaks. This thusiasts generated more transactions, The number of US built yachts was the which has many longingly wishing to seasonal slowdown provides the perfect but for substantially smaller units, and highest though, leaving Italian built spend time at sea. time for market watchers to sit back and in turn a lower overall valuation chang- units slightly behind.

Those with access to the privileged look at the activity over the busier win- ing hands. The prime yachting season may be world of Superyachts will be look- ter season transactions. Italian built yachts took the pole discouraging deals right now, but pro- ing forward to getting underway and The Monaco Yacht show normally ini- position for traded values from Octo- spective buyers will be doing their traveling the world. It’s a great time tiates the busiest market window. Large ber 2017 to the present, followed by homework now ahead of the Monaco to be a yacht owner, but the follow-on Motor Yachts (up to 499 GT) have made Netherlands and U.S.-based yards. Yacht show this coming September. is that due to the increased utilization, up most of the transactions both by The most expensive sale during this Understanding the market and knowing the number of willing sellers typically count and value. time window was the Andromeda numbers/trends from the previous year drops. This leads to a slowdown in the The high asset values in the Mega (107m), which was reportedly sold for can help prospective buyers in their in- sale and purchase activity and can be a Yacht markets led to well over $800mn $136.9mn dollars putting Norwegian vestment decisions.

Ocean King announced a new 88 model in its Classic series of Ocean King Explorers.

www.yachtingjournal.com

Photo: Ocean King, Chioggia, Italy 50 Maritime Reporter & Engineering News • JULY 2018

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