New Build Contracts are Being Signed as Market Picks Up

Photograph Frances Howorth

The market for new construction yachts is seeing a different trend to that of the brokerage markets. Hein Velema CEO of Fraser Yachts says,  “We were expecting new construction not to pick up until the brokerage prices went up but luckily we are seeing more positive developments.”

It appears that owners still want new yachts and a good number of shipyards have signed up new contracts this year. It may not be as many as the yards had hoped but it should be enough to guarantee the continuity of many shipyards.
“What is remarkable,” says Velema,  “Is that the demand for less than 55m and over 70m is growing while the traditionally extensive market around 60m has been side-lined for the moment.

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