Another palmy year: Dutch superyacht builders’ 2018 sales exceed  €1.5 billion

New Feadship yard Port of Amsterdam

Dutch superyacht makers posted record sales in 2018 exceeding €1.5 billion as demand for ever larger, smarter and highly customized yachts continues unabated.

Data compiled by Amsterdam-based SuperYacht Times shows the average price of a Dutch-built superyacht hit a record €86 million last year, up from about €60 million in 2017. Right now, 60 superyachts are in build across the Netherlands, of which 13 are 80m. or longer.

Dutch builders won orders for 17 motor and 2 performance sailing yachts in 2018.” This brings “ the total number of new builds underway to 60, 13 of which are longer than 80 meters,” SuperYacht Times reported.

The release of the data comes in the week when custom builder Feadship opens a yard in the Port of Amsterdam where it can build up to 160m (525ft.)long  and 22m (72ft.) wide.

Feadship’s 4th yard underscores industry-wide confidence that the market for very large, very high-end yachts will grow as will demand for quality refits and maintenance.

Oceanco  recently  acquired 2 large halls in the Port of Rotterdam. Damen Shipyards Group,  parent of superyacht builder Amels, is eyeing a Port of Amsterdam site.  Feadship Director Jan-Bart Verkuyl says his new yard “significantly enhances our options.” Feadship is also doubling capacity at an existing yard at Makkum.

Dutch superyachts account for almost a third of the value of superyachts worldwide.

Jeroen Sirag, export director of the trade lobby HISWA Holland Yachting Group, says this reflects their “extraordinary degree of sophistication” and the readiness of ultra-rich individuals “to come to the Netherlands and invest in the finest yachts money can buy.”

Confirming the Dutch superyacht sector’s crown jewel status, the new Feadship yard will be opened Thursday by Queen Maxima. Feadship is a cooperative venture of the Royal De Vries and Royal Van Lent shipyards. The latter marks its 170th anniversary in 2019.

The Dutch industry began a drive last year to turn the Port of Amsterdam into a superyacht destination, equipped to do maintenance and refits – work that now flows to Mediterranean yards. This will generate jobs for builders, suppliers and other industry actors.  “We can see this strategy bearing fruit for all parties concerned,” said Sirag.