Simpson Marine Reports Prosperous 2020 Order Book

By Jenna Mehdi

Despite the pandemic-instilled uncertainty of the past year, Simpson Marine has proved its excellence as the leading yacht sales and services provider in Asia with a look back at a remarkable sales record. The brokerage firm has announced sales of over 200 million USD in 2020, with 112 new and pre-owned yachts sold. Spearheaded by Mike Simpson, the group has risen to prominence since its establishment in 1984 to claim the title of market leader in Asia.

Simpson Marine attributes the surprising success of 2020 to the fact that hordes of boating enthusiasts took to the water as ‘busy lives and diverse leisure agendas were suspended’. In conjunction with the rapid action and recovery taken by the Asia region as a whole, this allowed Simpson Marine to enjoy an extremely successful year of meeting clients’ demands and promoting the passion of boating.

With a philosophy aimed at bringing people out on the water and encouraging ultimate freedom at sea, Simpson Marine’s mission became extremely relevant in the year of lockdown measures and restrictions. The brokerage firm has confirmed that a number of first time boat owners joined the market as a result of this. 

Hong Kong proved a particularly active market for Simpson Marine, owing to the fact that marinas largely remained open with minimal restrictions on yachting throughout the year. Already the busiest and most mature market for Asian yachting, Hong Kong enjoyed even greater growth than usual in light of these circumstances. This, Simpson Marine adds, compensated for those heavier affected markets elsewhere in Southeast Asia.

Representing leading names in yachting the likes of Sanlorenzo, Beneteau Group and Fairline Yachts, Simpson Marine enjoyed a strong year across its range of services including new build sales, brokerage, yacht charter and services. The brokerage house looks forward to an even more prosperous 2021 with a solid order book and a well-appointed delivery schedule for the year to come.

By Jenna Mehdi