As the wealthiest people in the world flaunt post-pandemic riches, superyachts are now at their highest level ever.
According to the Global Order Book, this year’s superyacht orders saw an increase of 25% with record-breaking 1,200 boats being commissioned. This surpasses the 2009 record of 1,008 orders.
The surge was driven by orders of small boats, 24m-30m long. There were more than 400 commissions. This is a 30.5 percent increase year-on-year.
In addition, superyachts were up 28% in the 30-45m range and 10.55% for vessels over 100m.
UK ranks fifth with 81 orders. Each order costs around 28.2million. Italy is number one with 523.
As the wealthiest people in the world show off their post-pandemic riches, superyachts are on the rise. (Pictured is the Istros after its reconstruction for which it was awarded a Boat International Superyacht Award 2021).
The number of superyachts ordered this year increased by 25%. A record 1,200 boats were commissioned in the current record setting 1,008 in 2009. (pictured: the Blue II is the “standout winner” of the Displacement motor yachts 500GT-999GT category of the Boat International Superyacht Awards 2020).
Stewart Campbell, Boat International Editor-in-Chief, said that: “Records are falling across the superyacht industries… The smaller superyacht sectors is on fire with many product lines being sold out over the next few years.
“But, there are also record numbers of superyachts in construction, and explorers. This shows that owners of superyachts today are becoming more adventurous.
27 superyachts with more than 100m length were among the commissions. One of the largest being the REV ocean, an 182.9 m-tall behemoth that will become the world’s most powerful when it is complete in 2024.
The yacht includes a ‘moon pool’ which doubles as a hatch for a submarine and is being built by Norwegian billionaire Kjell Inge Rokke for ocean research, The Times reported.
The commissions of superyachts, defined as recreational boats that are longer than 24m overall, were increased by 28% for the 30-45m and 10.5 percent respectively for boats greater 100m.
UK ranks fifth, receiving 81 orders. Each order costs around 28.2million. Italy is second with 523, and France comes in third with 523.
Superyachts secondhand are seeing record sales.
Campbell commented, “It has been a record season for the secondhand marketplace, with more 600 superyachts selling by brokerage houses, in 2021. That’s a lot better than any previous record.”
Sailing boat commissions have also surged in 2021 and among the commissions was an 127m yacht, named Project Y721, reported to have been ordered by Amazon founder Jeff Bezos.
Oceanco is building the yacht. It will soon be world’s biggest when it arrives next year.
Smaller boats, measuring 24m to 30m, were the main drivers of the increase in orders. There have been more than 400 commissions. That’s a jump of 30.5 percent year over year. (pictured, Aurelia).