Andrew Bond, sales broker at British brokerage house Fraser Yachts, describes the current state of the superyacht market as “booming”. In our fifth episode of Heesen’s YachtTalk Specials, host Charlotte Kan heads to Fraser’s headquarters in central London to speak with Bond and Heesen’s Executive Commercial Officer Mark Cavendish to find out more.
Bouyant & booming
The yachting industry’s busy summer season is now upon us, but in the months leading up to this peak time, the sector has enjoyed a substantial uptick in sales.
“The word that everyone is using to describe the yacht market is booming,” says Bond. “We couldn’t have predicted this a year ago today, but both shipyards and brokerage have seen significant increases in sales. At Fraser, we have had our best year on record and we’re only halfway through the year. I think that’s a true reflection as to where the market is.”
Cavendish supports Bond’s view, describing the market as ‘buoyant’: “It’s true to say that the market is very active at the moment, and yet it’s been a strange time, too. Only last year, the market came to a grinding halt in February and we all dashed for cover. Then in Q4, we were hit by a wall of inquiries and fortunately, a lot of contracts have flowed from that.”