It came as no surprise to discover that the Monaco Yacht Show 2021 was a tad more subdued than in the past.
The cancellation of the 2020 event threw a spanner in the complex nautical logistics required to see the global fleet of superyachts sail from one charter hotspot to another, taking in the key events along the way. That said, the industry is hardly reeling. One of the knock-on effects of the pandemic era is that the rich have continued to get richer, often dramatically so.
As a result, the yacht-building world and its many affiliate and spin-off industries are steaming ahead like there’s no tomorrow.
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.