Fraser Yachts' superyacht industry overview

Whilst at MYS, Yachting Pages attended a press conference held by Fraser Yachts on board Columbus Yacht, Prima. Fraser Yachts CEO, Hein Velema gave an interesting update on the current market.

The 2011 market is up 30% on brokerage yachts over 24 meters, although up on sales, the market is down in value. This means that the average value of yachts sold in 2011 is lower than 2010. Last year 22 yachts over 50 meters were sold, but this year only 14 yachts over 50 meters have changed hands.

2011 hasn’t seen any shipyards closing, but instead changing hands. New investors are entering the market in a bid to rejuvenate the existing yards and already seeing a slow recovery. Although this does not solve the issue of over capacity, it is expected that during 2011, the total sales of new construction yachts will be 50% of the total capacity of the market. Well-known brands are outperforming, especially those producing series yachts and those who are able to discount prices.

Since 2010, the charter market has risen by 25%, meaning a recovery returning back to the same level as 2007. However, not everyone will experience this healthy market. Since 2007, most yachts delivered became part of the charter fleet and as the current demand is lower than previously, the supply of charter yachts is much higher than 2007.

This year, VAT issues are still arising in yacht ownership with European governments not taking a clear direction regarding VAT on charter and commercially registered yachts. Even though this season has seen less arrests than the previous year, the superyacht industry must continue to defend its position to law makers. If the charter market is disrupted by sudden tax changes, this could have a disastrous effect on yacht ownership and new construction.

Finally, the crew placement market has been steadily increasing since 2010, with the supply and demand for crew in balance. However, there are vast differences between types of jobs. There are many Captains looking for employment, but there is a current lack of licensed engineers, although this is expected to change in the upcoming year.

For more information, please visit

AWLGrip button

Taylor Made Designs

Twitter Icon

Yachting Pages

AWLGrip button

Taylor Made Designs

Submit a business reviewView current promotions