Superyacht investors : sustainability driven by new client expectations
The megayacht market continues to enjoy sustained transaction volumes, both new build and pre-owned, driven by a favourable global economic outlook.
SUPERYACHT INVESTOR LONDON 2020
The megayacht market continues to enjoy sustained transaction volumes, both new build and pre-owned, driven by a favourable global economic outlook. It is however are increasingly aware of the need to address sustainability, partly driven by the different expectations of the new breed of 'millennial' clients.
This is our main takeaway from Superyacht Investor, an important conference gathering professionals from the wider yacht ecosystem, which took place on 05-06 February.
A range of sustainability solutions
Optimising the environmental footprint will take an increased role in the design of new projects. Ultimately, as regulations may evolve, this should impact her market value.
A range of technical solutions already exists, e.g. Simon Brealey, principle mechanical engineer at Lateral Naval Architects, outlined that stretching the hull from 90m to 110m at similar gross tonnage can yield up to 30% power reduction.
The change in paradigm is further evidenced by the new 60-metre sailing superyacht concept unveiled by London-design house Philippe Briand: while sailing yachts were traditionally optimised to win regattas, the driving goal of this new project is to target zero-carbon emission.