Boat International US Edition — January 2018

ForthefullGlobalOrderBookreport,visitboatint.com/boat-pro

brokerage market. Superyachts
sold in 2017 were slightly smaller
and older than yachts sold in
previousyears,butsomeimpressive
sales were recorded, including
the 352ft Kleven Ulysses,the
280ft Oceanco Y708 and 279ft
LürssenSolandge.

Mystery boats
Againthisyearthelistsofevery
yacht on order (available online at
boatint.com/boat-pro) contain a
few hulls that the relevant shipyard
named only as “custom.” Most of
these are in build, but for
confidentiality reasons the yard is
not allowed to confirm that these
projects even exist. On a different
note, while it is sometimes argued
thattheprojectslistedas“onhold”
shouldn’t be included, a good
number of them are restarted every
year–around10percentofthe
total, or six per year on average.

Speculative construction
The 2017 Global Order Book listed
thenumberofyachtsbuiltonspec
for the first time, and it is clear that
more such projects have been
started this year. This reflects
optimism: clients are back, mainly
from the US but also from the rest
of the world; the second hand
market is strong, with a limited

Thehighsof2008and2009are

stillwayoutofsight,butsothey

should be. The global financial crisis

was a chastening lesson in over-

confidence. What we’re seeing now

is steady, incremental growth.B



PROJECTSBYLENGTH,12YEARCOMPARISON

LENGTH 80-89FT 90-99FT 100-119FT 120-149FT 150-199FT 200-249FT 250FT+ TOTAL

2018 182 114 162 123 100 39 53 773

2017 195 103 138 132 96 44 52 760

2016 168 93 163 141 106 34 49 754

2015 174 84 157 125 106 38 50 734

2014 164 82 151 149 113 36 40 735

2013 119 94 142 151 100 47 39 692

2012 178 70 151 150 109 43 27 728

2011 158 78 151 155 132 45 30 749

2010 187 89 144 150 122 41 30 763

2009 286 117 190 193 155 43 24 1,008

2008 253 114 179 175 125 47 23 916

2007 207 109 155 152 108 28 18 777

stock of yachts, and clients want a

yachtinalimitedtimeframe.

Thisyear,mostofthelightsare

green: new designs, new series,

more orders, more projects started

on speculation. Business is good.

PROJECTS BY CONSTRUCTION MATERIAL

Theconstructionmaterialsofsuperyachtprojectsin2018

%OFSECOND

HAND YACHTS

WERE SOLD

TO AMERICAN

OWNERS

THIS YEAR

47



2018 GLOBAL ORDER BOOK

* Fiber reinforced plastic