Thailand

Derani Yachts

The organisers of the <a data-gid="gid://syiq/Event/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Thailand International Boat Show 2025">Thailand International Boat Show</a> have announced that the 2025 edition will be held at Phuket Yacht Haven from 9 to 12 January 2025.<img src="https://photo-assets.superyachttimes.com/photo/311926/image/large-b8bfd4d7773186612f32c57037ebc0df.jpg" data-gid="gid://syiq/Photo/311926">Located in the north of Phuket Island, Phuket Yacht Haven is the island’s largest marina, with 332 berths accommodating yachts up to +100-metres. The decision to move aligns with the organisers’ plans to expand the show and welcome more boats, as well as larger superyachts.“As we look to expand the <a data-gid="gid://syiq/Event/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Thailand International Boat Show 2025">Thailand International Boat Show</a> in 2025 and beyond, the move to Phuket Yacht Haven is a strategic one - it gives us more space and the capacity to grow in the water and onshore,” explained David Hayes, CEO of JAND Events which organises the show.<img src="https://photo-assets.superyachttimes.com/photo/311930/image/large-0e3a42425279a0749761c965d50a04df.jpg" data-gid="gid://syiq/Photo/311930">Close to Phuket International Airport, the Phuket Yacht Haven is easily accessible for travellers from across the region and around the world. The Mai Khao area, where Phuket Yacht Haven is located, will see the biggest growth area of affluent living in Phuket over the next few years, including the building of a new Bumrungrad Hospital, and a new international airport nearby on the mainland.An independent survey by the Thailand Convention and Exhibition Bureau found that the total number of visitors to the 2024 show increased 62 percent from 2023, while international visitors increased 74 percent. <img src="https://photo-assets.superyachttimes.com/photo/311929/image/large-7b00f2f2ff001372533d49c41f043274.jpg" data-gid="gid://syiq/Photo/311929">“Feedback from many global brands is that they see the show as one of the most important boat shows in this part of the world and the new venue will allow us to grow in stature regionally and internationally,” added David Hayes.Following the success of the 2024 event, <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a> has already confirmed their participation for 2025 and will be showcasing yachts from <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/2793" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fairline Yachts (Company)">Fairline</a> and <a data-gid="gid://syiq/Company/5648" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Bluegame (Company)">Bluegame</a>, whilst <a data-gid="gid://syiq/Company/7153" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Yacht Sales Co. (Company)">The Yacht Sales Co.</a> (Thailand) will be showcasing models from Fountaine Pajot, <a data-gid="gid://syiq/Company/4387" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Monte Carlo Yachts (Company)">Monte Carlo Yachts</a> and <a data-gid="gid://syiq/Company/5255" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Dufour/Locwind (Company)">Dufour</a>. <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)"><img src="https://photo-assets.superyachttimes.com/photo/311931/image/large-7026f090bd93258a1db41f9a47b4e7bb.jpg" data-gid="gid://syiq/Photo/311931">Sunseeker</a> will also be returning after a few years hiatus, showcasing a number of yachts in the water. Other companies already confirmed include <a data-gid="gid://syiq/Company/2262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lee Marine International Brokerage (Company)">Lee Marine</a>, <a data-gid="gid://syiq/Company/526" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Northrop & Johnson (Company)">Northrop &amp; Johnson</a>, <a data-gid="gid://syiq/Company/5293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derani Yachts (Company)">Derani Yachts</a>, Asia Marine, Go Boating, <a data-gid="gid://syiq/Company/4735" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Yachting Limited (Company)">Asia Yachting</a>, Extreme Marine, Sea Yacht Sales and Motor Field (Thailand).“With an option for a long-term agreement with the venue, we aim to future-proof the show and provide certainty for the yachting industry,” added David Hayes. “We are working closely with the team at Phuket Yacht Haven to build on this year’s success and put on an even bigger and better show in 2025, while attracting more quality visitors and spotlighting Phuket as a tour de-force in the yachting industry.”<img src="https://photo-assets.superyachttimes.com/photo/311925/image/large-4a957e94a9665ebc073e23ff7db9ea3b.jpg" data-gid="gid://syiq/Photo/311925">The <a data-gid="gid://syiq/Event/244" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Thailand International Boat Show 2025">Thailand International Boat Show</a> will be held from 9 to 12 January 2025 at Phuket Yacht Haven, with the second annual Thailand Yachting Conference taking place on 8 January followed by the yachting awards and gala dinner that evening.

Thailand International Boat Show 2025 moves to Phuket Yacht Haven

Thailand International Boat Show 2025 will move to Phuket Yacht Haven, with 332 berths accommodating yachts up to +100-metres.

Thailand International Boat Show 2025 expands to +100m berth marina

A buzz topic in the superyacht industry as of late is that the superyacht market in Asia has been booming. Claims of increased superyacht sales and a growing enthusiasm for yachting have led to what some are calling a ‘boom’. Curious about the true current state of the Asian yachting market, Kayla Dowling of SuperYacht Times spoke to yachting professionals across the vast region to unpack the current sentiment. <img src="https://photo-assets.superyachttimes.com/photo/196283/image/large-09d0302703270e4566d1a98eb6d35790.jpg" data-gid="gid://syiq/Photo/196283">Our first finding is that data from our intelligence system SYT iQ supports the general trend that there is an overall increase of sales in the Asian yacht market at the moment. This upward trend is occurring at two different ends. The first is new builds by shipyards in countries such as Taiwan and China, who are expanding their market share from a collective 6% to a combined 10% between 2019 and 2020. The other end is an increase in yacht sales to countries in the region. SYT’s data reveals that the Asian market is on an upward trajectory. In 2019, eight new build sales and four used yacht sales over 30-metres to Asian buyers were recorded in SYT iQ. In 2020 the number of new yacht sales remained stable, while the number of used sales over 30-metres to Asian clients grew to seven. It is likely that number of new yachts over 30-metres sold to Asian buyers is higher than what the data reflects, as the buyer is often not revealed at the time of the sale of a new build. A sneak peek at the data of the <a href="https://www.superyachttimes.com/yachting-intelligence" rel="noopener noreferrer" target="_blank" title="">upcoming SYT market report</a> ‘The State of Yachting 2021' reveals that Asian ownership of superyachts over 40 metres in service now stands at 5.8% of world’s superyacht fleet over 40 metres. The percentage share of Asian ownership of the over 40-metre fleet has remained steady over the past five years, but the world’s fleet of these yachts is constantly growing. This means that the number of Asian-owned yachts over 40 metres has grown steadily, from 91 at the start of 2016, to 109 as of the beginning of 2021. Yacht brokerages like <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>, established originally in Hong Kong with offices located all over the continent, are experiencing this growth firsthand. The company sold more than 112 new and used yachts in 2020. This phenomenon, appears to be strongest in Hong Kong, “Undoubtedly, Hong Kong is the strongest and most active market in Asia and this has been the case since the 1800s when the region's first yacht clubs opened, and now, all the major brands are represented here”, comments Mike Simpson, owner and founder of <a data-gid="gid://syiq/Company/1011" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Simpson Marine (Company)">Simpson Marine</a>, <a data-gid="gid://syiq/Article/52370" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Quick Q&A: Mike Simpson on the Asian market boom (2021-02-10 12:15:00 +0100)">in an earlier interview with SuperYacht Times</a>. <img src="https://photo-assets.superyachttimes.com/photo/82262/image/large-771ce8877081c8451dd256c07350167d.jpg" data-gid="gid://syiq/Photo/82262">However, this trend is not unique to Hong Kong and is occurring throughout the region. Joshua Lee of <a data-gid="gid://syiq/Company/2262" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Lee Marine International Brokerage (Company)">Lee Marine</a> in Thailand explained, “When I came to Thailand in 1997, there were a couple of sailing boats. Now, it’s full of production yachts from builders such as <a data-gid="gid://syiq/Company/1912" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Princess Yachts (Company)">Princess Yachts</a> and <a data-gid="gid://syiq/Company/354" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunseeker (Company)">Sunseeker</a>.” Additional signs of growth throughout the region are evident, such as in <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>’s 2020 financial report, which stated that the Asian market comprised 23.5% of the Italian shipbuilder’s total global sales in that year. But, why now? Hong Kong based Eric Noyel, CEO of <a data-gid="gid://syiq/Company/5504" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Asia Marine (Company)">Asiamarine</a> and representative of <a data-gid="gid://syiq/Company/158" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Fraser (Company)">Fraser Yachts</a> in Hong Kong, explains that the upward tick in the market comes as a result of several factors. These include the Covid-19 pandemic and its accompanying restrictions, and the fact that there are more than 260 islands surrounding Hong Kong – a logical location for yachting. He commented, “In Hong Kong, you have a very wealthy population who are used to travelling and spending their money in ways that are no longer possible, due to the pandemic and travel restrictions. Now, you have a lot of people, forced to stay home, who have discovered their beautiful natural surroundings.” This sentiment is echoed by yachting professionals at another one of Asia’s budding hubs: Thailand. Joshua Lee said, “In the past Thai people didn't really know what they had at their fingertips, just an hour away by boat. But now, with travel restrictions – Thai people are not allowed to leave the country and they have reacquainted themselves with the natural beauty of their own country. Instead of travelling outside, they are out there on the water and enjoying themselves.” <img src="https://photo-assets.superyachttimes.com/photo/171369/image/large-acc26a1c4e884b19d82a3734ffb42550.jpg" data-gid="gid://syiq/Photo/171369" style="box-sizing: inherit; border: 0px; font-family: &quot;Open Sans&quot;, sans-serif; position: relative; max-width: 100%; margin: 1rem 0px; color: rgb(0, 0, 0); font-size: 13.6px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255);">The pandemic, however, is not the only reason that the yacht market has flourished. The concentration of wealth, he noted, is also one of the largest contributors to the increase in yacht sales: “Hong Kong is the only place on earth where a yacht is cheaper than a house. You don’t get much for your money here, in terms of real estate. So with extra cash and no travel, Hong Kong’s wealthy have honed in on yacht purchases.” Though there has been a cultural shift towards the yachting lifestyle, local regulations and restrictions, as well as a lack of infrastructure, have undermined the yachting industry’s potential, a point echoed by yachting professionals throughout the region. For example, Eric Noyel notes that he foresees somewhat of a hindrance to yachting’s potential in Hong Kong, due to restrictions that serve as a roadblock for larger superyachts: “We’ve seen an increase in the amount of berthing space available, due to the addition of the Lantau Marina. So now we have more space, but due to local restrictions, such as gaining access to permits for yachts around 30-metre plus, I don’t think that we are going to see 60-metre plus superyachts because there are too many limitations.” However, Eric Noyel pointed out that the restrictions on superyachts that exist in Hong Kong do not necessarily reflect the rest of the region. Ian Hewitt of <a data-gid="gid://syiq/Company/5293" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Derani Yachts (Company)">Derani Yachts</a> in Thailand, explained that some progress has been made in accommodating yachts in Thailand: “The Thai Yachting Business Association (TYBA) has pushed for several years to allow superyacht charters for non-Thai flagged boats in Thailand. With the removal of this restriction, in combination with the recent measures to allow foreign superyacht visitors to come to Thailand and quarantine on their yacht, we hope to see an increase in charter traffic.” <img src="https://photo-assets.superyachttimes.com/photo/196280/image/large-269d006a3d93b8e36b3d825911b3930c.jpg" data-gid="gid://syiq/Photo/196280">To what extent the superyacht market is truly booming throughout Asia remains unclear. But one thing is for certain: that the vast region has acquired an affinity for yachting. Joshua Lee described Asia as the yachting industry’s “sleeping giant”, which is currently going through an awakening. The real boom, Eric Noyel claims,“ is happening in the 18-40 metre range, those are mostly people who have upgraded from a smaller boat.” The real boom has come as a result of the entrance by novices to the yachting world: “The first time buyers, who we are seeing a lot of right now, are not buying superyachts, but I foresee them making the jump to larger vessels down the line.” The rationale is that once people have a taste for yachting they will go down the proverbial rabbit hole, in search of all that yachting has to offer: “I think we’re at a tipping point where you will see the shift of people going into new build, customisation and, eventually, the aficionado customer who goes through the whole range”, explained Joshua Lee. This is not dissimilar to what has been seen in the Russian market, where many owners begin their life on yachts with smaller vessels able to cruise on inland waterways and the Black Sea. It was recently noted in our <a data-gid="gid://syiq/Article/52940" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Broker Insight: 5 questions with Julia Skoptsova (2021-05-17 10:30:00 +0200)">interview with yacht broker Julia Skop</a>, that many of her clients gradually increase the size of vessel, eventually purchasing yachts in the 40-70-metre range once they have got a taste for yachting. This might suggest that in the coming years, we will see an even further increase in yacht sales to the Asian market, and a continuation of this gradual increase in interest from the region.

SYT dives deeper into the current Asian yacht market

A buzz topic in the superyacht industry as of late is that the Asian yacht market is booming. SYT unpacks the current sentiment.