Marine Registration – Where Is Best For You To Moor Up?

Despite the weak economic climate, demand from wealthy individuals and company executives for yachts and the services associated with running and maintaining these assets remains strong.

After a difficult couple of years in 2009 and 2010, there is firm evidence emerging of a recovery in the luxury yacht markets, buttressed by a newly emerging class of wealthy individuals in emerging economies like Brazil and China. According to Boat International, 264 superyachts were sold in 2011, 29% more than in 2010, with total asking prices reaching USD2.6bn last year. Statistics routinely announced by the main offshore marine registries showing yearly growth in the registration of yachts and other pleasure craft also suggest that this is a business on the up. (Is this true- evidence?)