With the first half of 2021 coming to a close, SuperYacht Times takes the pulse of the superyacht market over the last six months, and reflects on the turbulent market during 2020. Following a significant dip in sales at the start of last year, the second half of the year showed a marked recovery from the depths of the Covid-19 pandemic. Now, in 2021, we are seeing an impressive rebound, with the market having moved from strength to strength.
We have recorded a standout 381 used yacht sales over 24 metres since January – well above the level of preceding years. The new yacht market has likewise performed well, almost reaching numbers comparable to the bumper year of 2018, with over 100 new yachts sold over 30 metres.
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.