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The number of superyachts being built is all-time high as the world’s richest flaunt fortunes

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Superyachts built are all-time high as the world’s richest flaunt their post-pandemic fortunes

  • Superyacht commissions hit a record high this year with 1,200 boat orders
  • Orders of smaller boats, ranging in length from 78 ft to 98 ft, fueled industry boom
  • But 27 superyachts over 328 feet in length are also under construction










The number of superyachts being built has reached all-time highs as the world’s richest flaunt their post-pandemic fortunes.

According to the latest edition of the Global Order Book, superyacht orders have risen 25 percent this year, with a record 1,200 boats commissioned, breaking the previous record of 1,008 orders in 2009.

Orders from smaller boats — ranging from 78 ft (24 m) to 98 ft (30 m) in length — drove the increase by more than 400 commissions, a 30.5% increase year over year.

The use of superyachts – defined as pleasure craft with a ‘total length’ of more than 24 meters – also increased by 28 percent in the 98-148ft (30-45m) category and by 10.5 percent for boats over 100 meters ( 328ft).

The UK comes in with the fifth most orders with 81, each costing around 28.2 million, but Italy tops the list with 523 orders.

The number of superyachts being built has reached all-time high as the world’s richest flaunt their post-pandemic fortunes (Pictured, the Istros after its refurbishment for which it won a Boat International Superyacht Award in 2021)

This year saw a 25 percent increase in superyacht orders with a record 1,200 boats put into service, breaking the previous record of 1,008 orders in 2009 (shown, the Blue II, the 'outstanding winner' of the Displacement Motor Yachts category 500GT to 999GT at the Boat International Superyacht Awards 2021)

This year saw a 25 percent increase in superyacht orders with a record 1,200 boats put into service, breaking the previous record of 1,008 orders in 2009 (shown, the Blue II, the ‘outstanding winner’ of the Displacement Motor Yachts category 500GT to 999GT at the Boat International Superyacht Awards 2021)

Boat International Editor-in-Chief Stewart Campbell said: ‘Records tumble through the superyacht industry…the smaller superyacht sector is on fire, with many product lines selling out in the coming years.

“But there’s also a record number of the very largest boats under construction, as well as explorers, showing once again that superyacht owners are getting more adventurous these days.”

The orders included 27 superyachts over 100m in length – the largest being the REV Ocean, a 182.9m behemoth that will become the largest in the world by 2024.

The yacht has a moon pool that doubles as a submarine hatch and is being built by Norwegian billionaire Kjell Inge Rokke for ocean research, The Times reported.

Superyacht commissions - defined as pleasure craft with a 'total length' over 24 meters - also increased by 28 percent in the 30-45 meter category and by 10.5 percent for boats over 100 meters (photo, the Alfa )

Superyacht commissions – defined as pleasure craft with a ‘total length’ over 24 meters – also increased by 28 percent in the 30-45 meter category and by 10.5 percent for boats over 100 meters (photo, the Alfa )

The UK comes in with the fifth most orders with 81, each costing around 28.2 million, but Italy tops the list with 523 orders (pictured, a superyacht undergoing maintenance at La Ciotat yard in France)

The UK comes in with the fifth most orders with 81, each costing around 28.2 million, but Italy tops the list with 523 orders (pictured, a superyacht undergoing maintenance at La Ciotat yard in France)

Pre-owned superyachts are also experiencing a surge in sales that have reached record levels.

Campbell said: “It’s been a record year for the second-hand market, with over 600 superyachts sold by brokerages in 2021, well above the previous record.”

Sailboat commissions have also skyrocketed in 2021, and among the commissions was a 127-foot yacht called Project Y721, which was reportedly ordered by Amazon founder Jeff Bezos.

The yacht, built by the Dutch boat builder Oceanco, will be the largest in the world next year.

Orders from smaller boats - from 24 to 30 meters in length - drove the increase by more than 400 orders, a 30.5% increase year over year (photo, the Aurelia)

Orders from smaller boats – from 24 to 30 meters in length – drove the increase by more than 400 orders, a 30.5% increase year over year (photo, the Aurelia)

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