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JUN 21, 2008


GIIRA"s Lifestyle
Solutions for YOU ! International Market Update - SuperYachts going STRONG !
Email us on - US economy slow-down?...global recession??...inflation rising Select Language
lifestyle@giirayachts.com and markets down in India???...surely looks like a bad picture
for the luxury industry, and even worse for guys selling hot yachts!
"From the next biggest Sailor Humor !
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as its under the sun and on
the sea, You can have it all Search GIIRA
with GIIRA Yachts !!!" BUT surprise surprise...you wouldn't believe if we told you that there have been
more superyachts ordered last year than ever...and the trend is rising at approx
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Or Call Us on - 20% per annum!

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+91.9820673466 Rumours of a shake-out in the bullet-proof superyacht industry were mooted at
the Global Superyacht Forum.
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+91.9867763953 STATS
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The latest Superyachting Index shows that the top end of the yachting market is reader
Find Your Yachting still holding firm – not showing any signs of depletion currently.
Destination HERE ! Mumbai
The index, which is compiled by The Luxury Institute and Camper & Nicholsons (Bombay)
International – the yacht broker and charter company – found that new orders for Tides Today
yachts over 130 feet are up 18% in 2008. There were 254 new orders for yachts
longer than 130-feet last year, up from 134 in 2005. LOW (1st) -
12:13 AM IST /
1.38 mts

The report also puts into perspective the astounding growth rate over the past HIGH (1st) -
decade for jumbo yachts. In 1997, there were just 241 yachts of 80-feet or more 06:07 AM IST /
under construction around the world. Last year, there were 916 such boats being 3.19 mts
built.
LOW (2nd) -
The average price for motoryachts longer than 100 feet was US $10.3 million in 12:01 PM IST /
2007. The average price for sailing yachts of the same length was US $9 million 1.91 mts
(although, to the dismay of traditionalists, sailing yachts now make up a tiny
fraction of the large yacht market). HIGH (2nd) -
06:06 PM IST /
STAFFING IS THE MAIN PROBLEM 3.74 mts
STAFFING IS THE MAIN PROBLEM 3.74 mts

View Larger Map ......................


Ironically, the biggest constraint to the industry’s growth isn’t the economy — it’s
staffing. The report says that about 25,000 crewmembers are necessary for today’s
Label Cloud Sunrise -
fleet of superyachts, but only about 15,000 currently work aboard yachts.
Shortages of captains and engineers, it notes, are especially acute. 6:00 AM IST
Andaman And Nicobar Islands
berths BladeRunner boat
Sunset -
building boat show
7:15 PM IST
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Conditions
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solutions dates from the ...
megayachts mibs
monaco boat show monaco All of this sounds encouraging. And the superyacht market likely won’t face the Fife regatta gets
same crash it experienced in previous downturns, since it’s so global. Just a under wayWorld
Yachting
yachts movies mumbai
ferry mumbai decade ago, the vast majority of big boats were being purchased by Americans and The yachts -
international boat Europeans. Now, Russian, Indian and Middle Eastern buyers are fueling the market. resplendent in
show mumbai marina points gleaming varnish
of sailing powerboat regatta U.S. SLOWDOWN JUST AROUND THE CORNER work and polished
brass - gathered
sail boat sailing
A brief review of with several yacht brokers would lead us to believe the market – from all over
destinations seasickness
at least in the U.S. – is poised for a slowdown. A year ago, buyers could order a Europe to
self growth speedboat
new boat knowing that, in the worst case, they could flip it for a quick profit. Now celebrate the
sunseeker superyachts
they’re more hesitant. 100th birthday of
Transumers vasco da gama
Viola, ...
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BYM Newsto fit
(press
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charter activities yacht party We are honored to
yacht toys yachts and be part of these
movies yamaha outboard engines beautiful yachts,”
said Cary Jones,
Blog Archive President of
WESMAR’s
Blog Archive
mechanical
division. WESMAR
has over forty
“With the American market especially, people are waiting for more certainty in years in the marine
Upcoming Events financial markets before make a big decision,” said Jonathen Beckett, CEO of ...

1st International Boat Burgess. Yachts, parties,


show- Sri Lanka - 08 Jun lions - it must be
Reuters
2008 - 10 Jun 2008 Colombo INDIA... The city itself is
7, Sri Lanka glamorous and
Having a full-fledged superyacht market in India may not be a distant dream for beautiful, yet
some, but as per current socio-economic trends a safe estimated growth of 60% downright gauche
per annum is emminent. and a little scruffy
at times. The week
of seemingly non-
Posted by Giira at 3:22 PM
stop events and
Labels: superyachts, updates
parties is ...
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2 comments:

Anonymous said...
Quick question where are you pulling your data. Do you have a source?

June 22, 2008 7:50 AM

Giira said...
@anonymous

Hi !

It is appreciated that you have bought to fore a mention about our source for the
valuable information we put on the blog.

With regards to this post, the facts and stats conveyed are through authentic
sources such as 'The Luxury Institute and Camper & Nicholsons International', and
reconfirmation by our team with experts in the industry and network.

All information available through us in from the best relevant sources, and
verified.

Rest assured, our readers get quality information - and we strive in provding them
the same.

Team GIIRA

June 22, 2008 2:33 PM

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