Friday, May 15th, 2009

Sales of Super Yachts Stay Bouyant

Plenty to be Positive About

The present economic conditions maybe casting shadows over the fortunes of some in the superyacht world but many in the superyacht business fraternity are brushing aside thoughts of doom and gloom along with their economy-induced woes, and are point blank refusing to let the economy slow them down.

In recent weeks Silver, the 74m, Espen Oeino designed, motor yacht built by Hansiatic Marine in Australia, has been sold by brokers working for the sales division of Yachting Partners International. The brokerage deal, believed to be the largest the yachting industry has seen since September 2008, was pulled together in record time and with minimum fuss contradicting rumours of falling sales in luxury goods and of large yacht builders filing for creditor protection. There are plenty of opportunities to be found. The 90 metre cruise liner Hebridean Spirit was on the market for less than four weeks before she was snapped up by a middle eastern buyer and converted into a private yacht. Five weeks after she went on the market he was aboard his renamed Moonrise enjoying a cruise in the Seychelles Islands.

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