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Number of superyachts being built is at its highest ever as the world's wealthiest flaunt fortunes


Number of superyachts being built is at its highest ever as the world’s wealthiest flaunt their post-pandemic fortunes

  • Superyacht commissions have hit a record high this year with 1,200 boat orders 
  • Orders of smaller boats, 78ft to 98ft in length, were driving the industry’s boom
  • But 27 superyachts measuring over 328ft in length are also under construction 










The number of superyachts being built has hit its highest ever as the world’s wealthiest flaunt their post-pandemic fortunes.  

This year saw a 25 per cent increase in superyacht orders with a record 1,200 boats commissioned, smashing the previous record of 1,008 commissions in 2009, according to the latest edition of the Global Order Book.   

Orders of smaller boats – 78ft (24m) to 98ft (30m) in length – were driving the surge with more than 400 commissions, a rise of 30.5 per cent year on year.

Commissions of superyachts – defined as leisure boats with an ‘overall length’ of more than 24m – were also up by 28 per cent in the 98-148ft (30-45m) category and 10.5 per cent for boats over 328ft (100m).  

The UK comes in with the fifth most orders at 81, each measuring around 28.2m, but Italy tops the table with 523 orders.  

The number of superyachts being built has hit its highest ever as the world's wealthiest flaunt their post-pandemic fortunes (Pictured, the Istros following its rebuild for which it won a Boat International Superyacht Award in 2021)

The number of superyachts being built has hit its highest ever as the world’s wealthiest flaunt their post-pandemic fortunes (Pictured, the Istros following its rebuild for which it won a Boat International Superyacht Award in 2021)

This year saw a 25 per cent increase in superyacht orders with a record 1,200 boats commissioned, smashing the previous record of 1,008 commissions in 2009 (pictured, the Blue II, the the 'standout winner' of the Displacement Motor Yachts 500GT to 999GT category at the Boat International Superyacht Awards 2021)

This year saw a 25 per cent increase in superyacht orders with a record 1,200 boats commissioned, smashing the previous record of 1,008 commissions in 2009 (pictured, the Blue II, the the ‘standout winner’ of the Displacement Motor Yachts 500GT to 999GT category at the Boat International Superyacht Awards 2021)

Boat International editor-in-chief Stewart Campbell said: ‘Records are tumbling across the superyacht industry… the smaller superyacht sector is on fire, with many product lines sold out for the next few years,

‘But there’s also a record number of the very biggest boats in build, as well as explorers, which shows once again that today’s superyacht owners are getting more adventurous.’

Among the commissions were 27 superyachts measuring more than 100m in length – the biggest being the REV Ocean, an 182.9m behemoth set to become the world’s largest when it is completed 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. 

Commissions of superyachts - defined as leisure boats with an 'overall length' of more than 24m - were also up by 28 per cent in the 30-45m category and 10.5 per cent for boats over 100m (pictured, the Alfa)

Commissions of superyachts – defined as leisure boats with an ‘overall length’ of more than 24m – were also up by 28 per cent in the 30-45m category and 10.5 per cent for boats over 100m (pictured, the Alfa)

The UK comes in with the fifth most orders at 81, each measuring around 28.2m, but Italy tops the table with 523 orders (pictured, a superyacht undergoing maintenance at the La Ciotat boatyard in France)

The UK comes in with the fifth most orders at 81, each measuring around 28.2m, but Italy tops the table with 523 orders (pictured, a superyacht undergoing maintenance at the La Ciotat boatyard in France)

Secondhand superyachts are also experiencing a surge in sales that has hit record levels. 

Campbell said: ‘It’s been a record year for the second-hand market, with more than 600 superyachts sold by brokerage houses in 2021, which is way ahead of the 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. 

The yacht, being built by Dutch boatbuilder Oceanco, will become the world’s largest when it is delivered next year.  

Orders of smaller boats - 24m to 30m in length - were driving the surge with more than 400 commissions, a rise of 30.5 per cent year on year (pictured, the Aurelia)

Orders of smaller boats – 24m to 30m in length – were driving the surge with more than 400 commissions, a rise of 30.5 per cent year on year (pictured, the Aurelia)



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