Superyacht sales soar: how the rich escaped lockdown

The world’s super rich have spent more than £1 billion on superyachts since January in what has been a vintage year for the industry, according to luxury lifestyle publisher Boat International.

Sailing away from Covid-19 restrictions and self-isolating in style, superyacht sales have been on the rise since last summer with the publisher declaring this upward trend as the hottest sales streak on record.

Any vessel over 24 metres in length and needing crew members on board is classed as a superyacht, but these are tiny compared to the largest one, spanning up to 180 metres in size. Having so much space to play with, owners can personalise them however they wish, decking them out with the latest facilities, such as spa pools and gyms.

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.

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