Simpson Marine reports ‘more pressure on inventory’

Full order books and busy shipyards are putting pressure on inventory in the Asian yachting market, according to Simpson Marine group marketing manager, Ewa Stachurska.

“It is getting progressively more challenging, but there are still some good yachts for sale on the market and some unofficial listings which we have access to with our connections,” Stachurska told Superyacht Investor.

Both 2020 and 2021 were good years in terms of business and activity for Simpson Marine in Asia. “People’s behaviours have been drastically changed due to Covid-19 pandemic and they started to look for some local options to enjoy their time with their loved ones in a safe, more secluded environment. And a yacht provides just that.”

Simpson Marine reported seeing a significant increase in both yacht sales, new and brokerage, and yacht charters alike. An increase as big as 50% in some markets, depending on the level of their respective lockdowns.

The forecast for the remainder of 2021 remains a positive one with the upward trend continuing, said Stachurska. “We have many good sales in the pipeline and will soon be announcing some major sales in the region.”

As for the 2022 Simpson Marine remains cautious, but positive, as the company can see potential in mainland China and other emerging markets such as Indonesia, Vietnam, Philippines. On top of that the strong markets such as Hong Kong, Singapore and Thailand will remain so in the next years. “There are now more buyers exploring yachting, and they will be making their decisions in the next years to come.”