Report: Decline in superyacht orders slows


ShowBoats International magazine recently released a report showing there are 749 yachts over 80 feet under construction worldwide.

Global Order Book 2011 provides a snapshot of the superyacht industry and shows projects with completion dates as far out as 2014. To qualify for inclusion, yachts had to be under way or on order with a firm deposit in the hand of the builder as of Sept. 1, 2010.

Although the 749 projects are slightly less than the 763 that were in the 2010 Order Book (763) the decline is a small 2.09 percent, less than the 23.08 percent decline between 2009 and 2010.

However, there are more very large (above 250 feet) yachts on order now than there were before the recession.

"Since we began collecting Global Order Book information, the high-water mark occurred with the 2009 list, where 1,016 projects reflected the uptick in yacht buying that began in 2006 and lasted until exuberant excesses flung the economy off the cliff," the magazine's acting editor Marilyn Mower said in a statement.

"This year's order book is similar in quantity to that of 2006, although the average length of today's orders is larger and yacht building as an industry is more global. In 1991, the top builder nations were the U.S., Italy and the Netherlands," she said. "Today, the top builder nation - as measured by the number of linear feet of yachts in build - is Italy, followed by the Netherlands, Turkey and the U.S., Taiwan and China, home to several highly regarded exporters of large fiberglass yachts, are ranked seven and eight, respectively."

U.S. and German yards have handled the brunt of the contraction since 2008. The United States has slipped from second to fourth on the leaderboard, both in terms of the number of projects - 64 - and the total length of feet of yachts under construction - 8,424.

ShowBoats International, now part of Boat International Media, has been tracking new yacht orders since 1991.

Click here for the full release.


Yamaha Rightwaters To Launch Trash Interceptor

Developed in conjunction with the FAMU-FSU College of Engineering, the device is designed to remove debris from waterways before it reaches the ocean.

Vessel Vanguard Releases Latest Management Platforms

The company upgraded the features, functionality and security of its suite of maintenance management programs.

Cox Marine Appoints COO

Gavin Wesson will oversee the continued development of the company’s diesel outboard.

Netherlands Eases Covid Measures as Metstrade Approaches

The moves by the Dutch government open up travel prior to the show, which is scheduled for Nov. 16-18 at RAI Amsterdam.

Coming to America

Swedish electric boat builder X Shore has established a North American sales office in Newport, R.I.

Registration Opens for ABYC Standards Week

Scheduled for Jan. 10-14, the conference includes sessions to review current and new standards, the group’s annual meeting and the Marine Law Symposium.

New Initiatives To Push Boating Safety

The Marine Industries Association of Southwest Florida and Discover Boating are promoting on-water safety, one in a digital format and and one analog.