Notes From The Editor

Week Ending 18th March 2011

Safe to say, it’s been quite a week in regards to superyacht news. The inundation of brokerage announcements, new launches, events and reports from the superyacht industry has left me with a lot of paperwork to get through.

Brokerage houses from around the world, such as Yachting Partners International, International Yacht Collection, Moran Yacht & Ship and Dahm International, have all reported significant price reductions, new signings and the even the sales of a few superyachts in the past few days.

With the brokerage sector keeping itself so busy due to the rapidly approaching summer season, other sides of the superyacht industry have also shown encouraging signs of growth.

The Pendennis and Devonport shipyards have furthered their collaboration by deciding to co-exhibit at future yacht shows, just to tackle the growing refit enquiries the joint-facilities have been facing.

If the leading UK shipyards are facing an inundation of refit enquiries, it begs the question; could refit become the new bearing of 2011?

With very few new build contracts to have come through this year, the growing popularity and financial reassurance of refitting a superyacht could very well become the new trend facing the superyacht industry. The case for refit was never stronger after the stunning Princess Iluka emerged from the shipyard last year, looking like an entirely different yacht with a romantically historical origin.

However, shipyards have still been actively launching new yachts to better any of their previous constructions in both size and design. Major first time launches were recently announced, such as Heesen’s largest superyacht to date, Quinta Essentia, Vitters’ largest sailing yacht ever, or Trinity’s longest aluminium construction, Areti - suggesting that the shipyard’s order books are still looking healthy.

If the leading UK shipyards are facing an inundation of refit enquiries, it begs the question; could refit become the new bearing of 2011?