Monaco Yacht Show 2018
The VV Superyacht team spent last week in Monaco for the Monaco Yacht Show and Marine Money Superyacht Finance Forum 2018. As with previous years, Port Hercule was packed full of some of the worlds best yachts both newly built and second-hand. The anchorage outside was also full of fantastic vessels all looking their best to attract buyers before the upcoming winter season or secure future charters.
Marine Money was well attended by familiar faces and new attendees. Overall themes of the day included disruption, transparency and technology. It was refreshing to hear from several speakers including Roberto Giorgi (Chairman of Fraser) who commented on how yachts that have realistic asking prices tend to be sold more quickly, and Paolo Casani (President, Camper & Nicholsons) who spoke about their plans to invest heavily in intelligence. It seems that the big players of the industry are keeping with the times of data and transparency.
In the afternoon of Marine Money Sam Tucker our Head of Superyachts spoke on ‘Data and trends: 12 months in review’ and the trends that we can draw using the VV Superyacht platform. Specifically, he noted that the vessels comprising the MYS 2018 fleet were valued at the highest ever totalling over USD 3 billion. This closely correlated with the average gross tonnage being at a record high at 780 GT.
The team spent the rest of the week attending meetings and enjoying the various events. The stars of the show were Dar, Illusion Plus and KISMET. Amongst others, these yachts helped bring up the average value and the average gross tonnage of this year’s fleet.