2017: strong growth for Dutch superyacht makers

AMSTERDAM _ Dutch superyacht makers posted double-digit growth in 2017, in both number of yachts launched and their overall value.

The 21 yachts they sold were valued at €1.19 billion, up 28% from €927 million in 2016 when they launched 18 yachts. There were new orders for 23 yachts _ up five from 2016 _ 22 motor yachts and one sailing yacht.

The average price of a Dutch superyacht launched in 2017 rose to a record €57 million, according to the annual Superyacht IQ report of SuperYacht Company, publisher of SuperYacht Times.

Jeroen Sirag, export director at the HISWA Holland Yachting Group trade lobby of 11 builders and 16 suppliers said in a statement, “The Dutch are selling more superyachts at a higher total value, while also steadily increasing their market share.” The 2017 data excludes 5 or 6 superyacht makers that are not HHYG members. However, they are expected to have had a good 2017 as well.

In 2017, an estimated 149 yachts of 30m and up were launched worldwide with a total value of €4.08 billion. With their trade of €1.19 billion, Dutch yards accounted for 29.2% of the global market value last year, up 21.6% from 2016.

The average price of €57 million for a Dutch superyacht launched in 2017, was up 10% from 2016 and “the highest total value recorded to date,” said the report.

The Dutch superyacht industry delivers semi and full custom yachts to ultra-rich clients, not always an easy market.

The Dutch sector has in recent years worried that while the ranks of the superrich grow annually by leaps and bounds, global output of superyachts is not always in step with that. One reason: many young ultra-rich individuals who are unfamiliar with the yachting lifestyle prefer to spend their money elsewhere.

Dutch superyacht yards have in recent years invested in bigger, fancier facilities. That trend is expected to continue. In 2019, market leader Feadship will open a yard in Amsterdam where it can build to 160m.

Other yards are considering expanding in Amsterdam, too, according to Sirag. He credits the success of the Dutch industry to the fact that pricey, high-quality yachts retain their value and that attracts well-heeled clients.

(Photo: Heesen Yachts’ HOME)