Yachting’s shoulder season
Yachting had a banner year in summer 2021, when COVID spikes ruined an expected return to regular Mediterranean travel. Serving as a kind of social distancing for the very rich, some 228 yachts, averaging a length of 171 feet, were seen off Italy’s coast in August, 20 more than the previous year. Greece saw an even larger jump, up 60 yachts to 193.
This year a total of 185 superyachts are being built, mostly in northern Europe, compared to 148 in 2019, according to data from MB92.
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.