In recent years, the landscape of superyacht ownership and chartering has witnessed a radical revolution. We heard from Christina Economou, Business Development Director at Trident Trust Cyprus, on how various factors – both new and old – have aligned to create ‘the rise of the East Med’ as the world’s new favourite superyachting destination.
2021 has been a record year for the industry, with shipyards and brokerages citing a pandemic-instilled ‘bounceback’, vast order books and even a record year for second-hand superyacht sales. But it is not just buying patterns, but also how owners look to use and enjoy their superyachts, that is beginning to shift.
GYG plc (LON:GYG) is a market leading superyacht painting, supply and maintenance company, offering services throughout the Mediterranean, Northern Europe and the USA. The group primarily trades under Pinmar, Pinmar Yacht Supply and Technocraft brands.