For those looking to purchase a superyacht, the luxury yacht industry in 2022 looks healthy despite the uncertainty surrounding many other sectors. The demand for premium yachts has never been higher, and the supply of high-quality new builds is finally meeting this demand after years of building up stocks due to low demand in 2015/2016 following the Global Financial Crisis of 2008/2009 and subsequent global recession. But what factors affect the superyacht industry, and how are these factors… Continue

A motor yacht, sometimes referred to as a power yacht, is a large and powerful boat capable of carrying up to 20 or more people at once. Motor yachts are so-named because they use an inboard engine powered by gasoline or diesel fuel, as opposed to sailboats, which rely on wind power, and sailing yachts, which depend on wind and powered sails. The term yacht can be used interchangeably with power yacht in many cases, especially when discussing large ships that carry passengers but aren’t used… Continue