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Here you can find market insight from the SuperYacht Times data intelligence team and top industry experts.

Article image for Market Insight: Is Asia facing a downward tur...
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In April 2022, we published an article discussing the potential of the Asia-Pacific region for the superyacht sector, and in June we reported a surge in the 24 metre-plus market in Southern Asia. With local yacht owners on the rise and an increase in inbound brokerage following the Covid-19 pandemic, the eyes of the industry had certainly begun to turn their attention to the region, with a number of brokerage houses, such as Camper & Nicholsons, opening new offices in Asia to serve the upsurge of new local clients. In a presentation during the Monaco Yacht Show last year, Dutch yacht builder Feadship indicated that with 357 billionaires in China, 112 in Hong Kong and 54 in Singapore (calculated during a 2022 study), Asia had a huge potential for the market. However, despite the promising outlook, how is the market actually faring today, and what are local experts experiencing on the ground? One brokerage
Fri, 22 Mar 2024 | 15:00
Article image for SYT iQ Insight: What are the most popular fla...
Market Insight
Selecting the appropriate flag for a superyacht ranks among the most crucial decisions owners face, given its substantial influence on the vessel's operational, legal, and fiscal aspects. The flag state has the authority and responsibility to enforce regulations over vessels registered under its flag, including inspection, certification, and the issuance of safety and environmental compliance documents.A flag state is defined as the country or governmental authority under whose regulations a vessel is registered or licensed. While this may be the vessel owner's country of residence, it is more frequently, in the context of superyachting, an international ship registry located in a jurisdiction whose legal frameworks are specifically designed to accommodate the intricacies of yacht ownership and charter operations. Origins and evolution of the regulatory framework: Understanding the origins and evolution of the regulatory framework for yachts is crucial for comprehending the complexities of Flag Administrations. Prior to 1996, legislation by flag states lacked specific requirements tailored
Wed, 20 Mar 2024 | 14:00

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