Increased yacht orders signal improving confidence in the global economy

Proof that the yachting industry is on the road to recovery comes with the publication of ShowBoats International magazine’s Global Order Book for 2014. The Global Order Book reveals that 735 new superyachts are under construction, or on order, a 6.2 percent increase over the 2013 Global Order Book.

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Fort Lauderdale, Florida (PRWEB UK) 12 December 2013

The 2014 Global Order Book is the definitive tally of superyachts 80 feet (24 metres) and longer under construction. Each year the magazine presents a list of yachts in-build at shipyards throughout the world, with comprehensive global statistics and economic activity around large yacht orders worldwide.

The annual report is published in full in the December 2013/January 2014 issue of ShowBoats International magazine , which has been collecting and analysing luxury yacht data since 1992. The 2014 Global Order Book is also published online, with historic reports, and live data at http://www.boatinternational.com/global-order-book.

Trends identified by the Global Order Book include:

  •     Orders for private yachts over 328 feet (100 metres) have grown from 14 projects last year to 19 this year.
  •     There has been a 15.5 percent increase in new orders in the 80 to 99 foot (24-30 metres) segment, a sector of the market severely hit by the financial crisis.

Geographical analysis
Ranking nations by the aggregate length of their current projects, Italy is still by far the number one yacht-building nation, but The Netherlands and Turkey have consolidated their places. The USA is losing its lead over UK builders, whose tally is up 51 percent in the last two years. Greece clinches the tenth place this year, pushing France out of the list.

New markets
Asia’s affluent buyers prize established brands, attracting marquee builders to open dealerships in China. But because import taxes remain prohibitive, homegrown shipyards are also benefiting and are slowly increasing their production.

The building of large sport yachts declined during the financial crisis due to their high fuel consumption, but has rebounded slightly this year. However, production of these yachts is still half what it was then.

Sailing yachts and expedition-type megayachts are slowly increasing their market share. Sailing yachts have established a new high with 11.8 percent more than last year.

About ShowBoats International
ShowBoats International magazine is the industry-leader in the American luxury yacht media market and is one of the brands of Boat International Media, the world’s leading media group servicing the superyacht industry, publishing the world’s best superyacht magazines and luxury books. It organizes high quality events, and provides digital media services and data to owners and professionals in the large yacht industry. Boat International Media produces more than 1.4 million magazines each year that sell in more than 57 countries worldwide and are published in 6 different languages.

About Global Order Book
Published annually, the Global Order Book provides comprehensive state-of-the-industry statistics on superyacht orders worldwide. The Global Order Book was established in 1992 by the editors of ShowBoats International Magazine to provide a body of data, updated annually in a systematic fashion, to show the scope of economic activity within the international luxury yacht industry by tracking orders of yachts of 80 feet in length or more.. It is the most quoted industry reference, both in the yachting universe and the media at large, including leading publications and news outlets such as CNN, The Wall Street Journal, Business Week, and The New York Times.

Contact
For further information regarding this press release or the 2013 Global Order Book contact Kate Lardy, editor, ShowBoats International on: kate.lardy@showboats.com or +954-522-2628


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